Vietnam remains second largest rubber supplier to Chinese market

04:47 PM @ Monday - 13 June, 2022

During the initial four months of the year the nation was the second largest rubber supplier to China with US$721.51 million, an annual rise of 2.2%, according to the General Administration of China Customs.

Throughout the reviewed period China's rubber import turnover (HS code 4001, 4002, 4003, 4005) reached US$4.65 billion, up 9.5% on-year.

Most notably, Thailand, Vietnam, Malaysia, Japan, and the Republic of Korea make up the five largest rubber suppliers to China.

During this time, the northern neighbour boosted its import of rubber from a number of markets, including Thailand, Vietnam, Japan, Laos, Myanmar, and the Ivory Coast.

Furthermore, Vietnamese rubber market share as part of China's total import value in the first four months of the year accounted for 15.5%, representing a drop of 16.6% on-year.