Rubber Exports decrease: General Customs

Ph.d Dao Ngoc Tien at Trade Foreign University in HCMC said at Rubber sector’s meeting organized on July 24 in HCMC that rubber exports in the country has fallen recently.

Rubber export value in 2015 is estimated to reach US$ 1.7billion, a decrease 4 percent compared to last year. The major reason for the reduction is the unstable market causing unfavourable conditions for rubber enterprises, said Mr Tien .

According to the General Department of Customs, rubber exports in the first 5 months of this year reached 330,000 tons, accounting US$ 476million, an increase 30.04 percent in volume but a decrease 2.71 percent in value compared to the same period last year.

The export value decreases due to rubber export prices cost US$ 1,441 per ton, a decrease 25.19 percent compared to last year.

M.Hai –Translated by M.Quyen

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