Malaysia’s Natural Rubber Exports Down 9.7 %

Malaysia‘s Natural rubber (NR) exports in February slipped 9.7% to 61,599 tonnes from January, the Statistics Department said Friday. The department said in a statement that standard Malaysian Rubber (SMR) contributed 93.7% of total exports, with 65.4% of that comprising SMR 20, according to Malaysia’s (BERNAMA) News Agency.

The NR was exported mainly to China (50.7%), followed by Germany (13.5%), South Korea (3.9%), the United States (2.5%), Portugal (2.2%), Brazil and Finland with 2%, respectively. Natural rubber imports in February declined by 17.3% or 15,801 tonnes to 75,680 tonnes from the previous month, with the bulk of it mainly from Thailand (60.5% ) and Vietnam (12.7%), making up 73.2% in overall imports.