Viet Nam is currently the third largest rubber exporter of the Republic of Korea (RoK), according to the Import-Export Department under the Ministry of Industry and Trade.

Viet Nam is currently the third largest rubber exporter of the Republic of Korea. (Photo: VNA)

In the first two months of 2022, Viet Nam earned 15.31 million USD from shipping 8,220 tonnes of rubber to the RoK, up 7.9 percent in value and 10.4 percent in volume year-on-year.

The market share of Vietnamese rubber accounted for 9.8 percent in the RoK’s total import volume, a slight increase compared to the 8.8 percent of the same period last year.

The department quoted data of the Korea Customs Service as saying that during January-February, the country imported 84,200 tonnes of rubber worth 177.74 million USD, down 0.4 percent in volume, but up 8.6 percent in value.

Thailand, Indonesia, Viet Nam, China and Japan are its biggest suppliers of rubber.

In the period, the RoK expanded its rubber imports from Thailand, with 32,280 tonnes worth 57.94 million USD, up 114.8 percent in volume and 114.7 percent in value.

Source: VNA