Vietnam: Rubber exports plummet

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HÀ NỘI – Việt Nam’s rubber exports fell in May due to changing Chinese policies and fears over the US-China trade war, a representative of the Việt Nam Rubber Group (VRG) has said.

According to the Ministry of Industry and Trade, in May, rubber exports reached 80,000 tonnes, worth US$116 million, up 6 per cent in volume and 7 per cent in value compared with April. However, those figures were down 26.5 per cent in volume and 26.2 per cent in value year-on-year.

Fortunately, in the first five months of the year, rubber exports reached 495,000 tonnes, worth $673 million, up nearly 12 per cent in volume and 4 per cent in value year on year.

Read the source article at Global Rubber Markets News