Malaysia natural rubber exports up 12.5 pct in March-Xinhua

Malaysia natural rubber exports up 12.5 pct in March

Source: Xinhua| 2022-05-11 19:39:05|Editor: huaxia

KUALA LUMPUR, May 11 (Xinhua) -- Malaysia's natural rubber exports rose 12.5 percent to 53,328 tonnes in March 2022 from 47,386 tonnes in February, official data showed on Wednesday.

China remained the main destination for natural rubber exports, which accounted for 50.6 percent of total exports, followed by Finland at 5.9 percent, Iran at 4.1 percent, Germany at 3.4 percent and Turkey at 3.2 percent, the Department of Statistics Malaysia (DOSM) said in a statement.

According to the DOSM, the export performance was contributed by natural rubber-based products such as gloves, tires, tubes, rubber threads and condoms.

"Gloves were the main exports of rubber-based products with a value of 2.1 billion ringgit (480 million U.S. dollars) in March, an increase of 9.1 percent as compared to 2 billion ringgit in February," it said.

Meanwhile, Malaysia's natural rubber production decreased marginally by 2.7 percent to 28,030 tonnes in March as compared to 28,817 tonnes in February.

The year-on-year comparison also showed that the production of natural rubber fell by 22.3 percent from 36,068 tonnes in March 2021.

Total stocks of natural rubber in March also slipped 4.4 percent to 310,332 tonnes from 324,659 tonnes in February. (1 ringgit equals 0.23 U.S. dollar)