A worker collect latex at a rubber plantation in Lai Chau Province. — VNA/VNS Photo Vietnamese rubber exports to South Korea in the first four months of 2023 totalled 12,470 tonnes, valued at US$18.92 million, up 5.6 per cent in volume but down 15 per cent in value year-on-year, according to statistics from the General Department of Customs. Viet Nam's natural rubber is the primary product exported to South Korea. Particularly, the SVR 10 accounted for the largest portion of the total exported rubber, 28.05 per cent, followed by SVR CV60 and SVR 3L with 24.53 per cent and 14.44 per cent, respectively. The drop in value is attributed to the sharp decrease in average export price of all types of rubber over the same period in 2022. Thailand, Indonesia, China, Viet Nam, and the Philippines are the top five rubber suppliers to South Korea, with Viet Nam ranking fourth. However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, … [Read more...] about Viet Nam is South Korea’s 4th largest rubber supplier