SUMMARY
 
In October 2023, rubber exports increased 12.9% over the previous month but decreased 2.4% over the same period. Supporting the upward momentum in the month thanks to positive exports to China, the EU, and the US.
 
In general, in 10M/2023, export output is only equivalent to the same period last year. However, compared to other major rubber exporting countries, Vietnam's export situation is relatively better (while Thailand's export volume decreased by 9%, and Indonesia's export volume decreased by 18%).
 
The main export support comes from the Chinese market (increasing 9.3% in volume over the same period and accounting for 78.7% of the total industry export volume). Meanwhile, export volume to other markets decreased sharply.
 
In terms of types, HS4002 synthetic rubber exports increased sharply thanks to the Chinese market, and SVR CV60 also increased significantly thanks to the South Korea market.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION

B. RUBBER PRICE DEVELOPMENTS
 
C. THE WORLD'S RUBBER SUPPLY

D. EXPORT SITUATION
Export overview
Export market
Structure of export categories
China's import demand & Vietnam rubber's market share
South Korea's import demand & Vietnam rubber's market share
 
E. IMPORT SITUATION
 
F. SALES OF TOP RUBBER EXPORTING ENTERPRISE 9M/2023