Rubber export was estimated at 79,000 tons that earned US$188 million in June, bringing the total volume and value to 383,000 tons and US$976 million, respectively, in the first six months of 2013.
According to the Ministry of Industry and Trade, rubber shipment dropped 5% in quantity and 19.2% in turnover against the same period last year.
Meanwhile, prices of rubber export hit US$2,595 per ton, down 15.2% against 2012.
China is the largest rubber importer of Viet Nam by occupying 46% of market share; followed by Malaysia (18.9%).
Experts predicted that slow demand and abundant supply in harvest seasons have pressured price cuts.
In addition, rising inventory levels in some import countries have also affected export prices. Rubber supply from Thailand - the world’s biggest rubber exporter, would increase in harvest crop, leading to a further decline in rubber export prices./.