Vietnam’s rubber exports reach 1.7 billion USD in eight months

Vietnam's rubber exports topped 1.7 billion USD in the first eight months of 2024, statistics show. With this result, the whole year's turnover is forecast to hit 3-3.5 billion USD, equivalent to an increase of 200-400 million USD compared to last year. The export volume stood at 209,726 tonnes in August to bring home nearly 345 million USD, up 12.7% in volume and 12% in value compared to the previous month, according to the General Department of Customs. During the first eight months, about 1.12 million tonnes of rubber worth 1.76 billion USD was shipped abroad, down 7.2% in volume but up 8.4% in value year-on-year. The country currently has a latex output of 1.3 million tonnes per year from 910,000 hectares of rubber plantations, reported the Vietnam Rubber Association. Source: Vietnam News Agency