Myanmar ships about 13,800 tonnes of rubber to external markets by sea in Jan

The photo shows rubber produced in Myeik, Taninthayi Region.

Myanmar bagged approximately US$16.433 million from exports of about 13,800 tonnes of rubber in the seaborne trade in January 2023, the Ministry of Commerce’s data indicated.
Myanmar shipped over 9,220 tonnes of rubber to China, 3,377 to Malaysia, 690 to India, 480 to Japan and a small volume to Sri Lanka last month.
Meanwhile, the cross-border trade saw rubber exports of 1,200 tonnes to Thailand and 1,090 to China, with an estimated value of $2.728 million. The overall export amounted to $19.161 tonnes from 16,090 tonnes of rubber both in sea and border trade channels.
The export volume in January 2023 was down by 6,300 tonnes (worth $8 million) compared to that of the previous month (December 2022).
Myanmar has shipped more than 200,000 tonnes of rubber to external markets as of early February in the current financial year 2022-2023. The main buyer is China, rubber growers and producers said.
Beyond China, Myanmar exports rubber to the Republic of Korea, India, Malaysia, Indonesia, Singapore and Japan. This year, Myanmar aims to hit the rubber export target of 300,000 tonnes.
Rubber is commonly found in Taninthayi Region and Mon State and also grown in Yangon, Bago and Ayeyawady regions and Kayin State. There are over 1 million acres of rubber across the country. Approximately 400,000 tonnes of rubber are likely to be produced this year. Mon State is the main producer with over 500,000 acres and over 100,000 tonnes of rubber are annually produced. This lucrative rubber sector generates foreign income every year. — TWA/EM

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