Cambodia Exports Rubber Worth 490.6 mln USD in 2023
Cambodia exported 368,048 tonnes of dry rubber in 2023, a slight decrease of 1.3 percent from 372,903 tonnes in a year earlier. Photo: Khorn Champa
- By Xinhua News Agency
- January 17, 2024 5:25 PM
PHNOM PENH -- Cambodia exported 368,048 tonnes of dry rubber in 2023, a slight decrease of 1.3 percent from 372,903 tonnes in a year earlier, said a report from the General Directorate of Rubber on Wednesday.
The country made 490.6 million U.S. dollars in revenue from exports of the commodity last year, down 7 percent from 527.6 million dollars in the year before, the report said.
The report attributed the plunge in rubber exports to a rise in domestic demand from car tire factories.
"A tonne of dry rubber averagely costs 1,333 U.S. dollars in 2023, about 82 dollars lower than that of 2022," Him Oun, the head of the General Directorate of Rubber, said in the report.
The Southeast Asian country exports the commodity mainly to Malaysia, Vietnam, Singapore and China.
Cambodia has so far planted rubber trees on a total area of 407,172 hectares, in which the trees on 320,184 hectares, or 78.6 percent, are old enough to be tapped, according to the report.
