Vietnam: Rubber and cashew nut exports both increased sharply

Published 2021년 7월 8일

Tridge summary

Vietnam has seen a significant increase in its rubber and cashew nut exports to China and France respectively from January to May 2021, compared to the same period in the previous year. Chinese imports of rubber reached $5.14 billion, with Vietnam being the second largest supplier to China, accounting for 15% of China's total import value. Meanwhile, France reduced cashew imports from other markets but increased them from Vietnam, reaching 2.93 thousand tons worth $22 million. The average import price of French cashews also increased from India and the Netherlands, but decreased from Vietnamese markets, South, Germany, Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China continues to increase rubber imports from Vietnam market. France reduced imports of cashews from other markets but increased imports of Vietnamese cashews. Rubber exports in 6 months reached 1.15 billion USD According to the Import-Export Department (Ministry of Industry and Trade), it is estimated that in June 2021, Vietnam's rubber exports will reach about 130 thousand tons, worth 221 million USD, up 57.1% in volume and 54 percent. 2% in value compared to May 2021; compared to June 2020 decreased by 4.7% in volume, but increased by 36.1% in value. The average export price of rubber in June 2021 was at USD 1,700/ton, down 1.9% compared to May 2021, but up 42.8% compared to June 2020. In the first 6 months of 2021, rubber exports reached about 681 thousand tons, worth 1.15 billion USD, up 41.3% in volume and 79.9% in value over the same period in 2020. In the first five months of 2021, China's rubber imports reached $5.14 billion, up 29.8% over the same period in 2020, the ...

Source: Vinacas