vietexplorer0014

The General Department of Customs has reported that Vietnam is one of the largest rubber suppliers to Japan. In the first eight months of this year, Vietnamese rubber exports to Japan reached 5.470 tonnes worth $8.98 million, experiencing a decrease of 10.4% in volume and 27.6% in value compared to the same period last year. The average export price of rubber to the Japanese market stood at $1,565 per tonne, down 19.2% from last year. Natural rubber is the primary product exported to Japan, with SVR CV60 accounting for the largest portion at 39.89%, followed by SVR 3L at 36.68% and SVR 10 at 13.22%. However, due to difficulties faced since the beginning of the year, both the quantity and value of rubber exports to Japan have declined. The Covid-19 pandemic has also posed challenges to Vietnam’s rubber industry in terms of competitiveness. The Chairman of the Vietnam Rubber Association (VRA), Tran Ngoc Thuan, has emphasized that the competition in the natural rubber market is ...