Now Lanka imports rubber from Viet Nam

The Sri Lankan market suddenly increased rubber imports from Viet Nam with a growth of 435.7 per cent in volume and 530.5 per cent in value in the first five months of the year, a news report published by Viet Nam News said on Friday.

The report filed from Ha Noi said: “The Agency of Foreign Trade under the Ministry of Industry and Trade cited statistics from the General Department of Customs as saying that the country rubber exports reached 84,460 tonnes last month, worth US$135.64 million, up 14.8 per cent in volume and 14.5 per cent in value compared to April, but decreased by 27.9 per cent in volume and 14.9 per cent in value compared to May last year.

“This is the second consecutive month that rubber exports have decreased compared to the same period last year.

“In the first five months of this year, rubber exports reached 572,280 tonnes, worth $859.4 million, down

2.4 per cent in volume, but up 6 per cent in value compared to the same period last year.

“Rubber exports to many major markets decreased in the first five months of this year, in particular markets such as China, the Netherlands and Peru.

“However, exports to some markets still grew including India, South Korea, Russia, Indonesia, Sri Lanka, Turkey, Brazil and Italy.

“Notably, Vietnamese rubber imports to the Sri Lankan market suddenly soared in the first five months of the year, rising the market share of rubber exports to this market from 0.26 per cent to 1.43 per cent of Viet Nam’s total rubber exports.”