HANOI, June 9 (Bernama) -- Vietnam exported around 110,000 tonnes of rubber worth US$181 million in May, up 40.4 per cent in volume and 27.9 percent in value against the previous month.
The figures also represented year-on-year increases of 33.1 percent in volume and 26.4 percent in value, Vietnam news agency reported Agency of Foreign Trade at the Industry and Trade Ministry cited statistics by the General Department of Vietnam Customs as showing.
Rubber export price averaged US41,645 per tonne in May, down 8.9 per cent against April and 5 percent as compared with the same period last year.
VNA reported that in the first five months of this year, the country shipped abroad 595,000 tonnes of rubber valued at US$1.04 billion, up 8.1 percent and 12 percent year-on-year, respectively.
China was the biggest buyer of Vietnamese natural and synthetic rubber, with hikes seen in both volume and value in the first months.
The Association of Natural Rubber Producing Countries (ANRPC) forecast that the global rubber demand will increase in the time ahead due to loosened travel restrictions and the reopening of borders by countries, helping to resume economic activities, it added.
-- BERNAMA
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