Cambodia’s rubber export up 5.1 pct in Q1
Cambodia’s rubber export up 5.1 pct in Q1
Cambodia exported 69,322 tons of dry rubber in the first quarter of 2024, an increase of 5.1 percent from 65,921 tons in the same period 2023, said a General Directorate of Rubber report on Thursday.
The country made $100.5 million in revenue from exports of the commodity during the January-March period this year, up 8 percent from $92.9 million over the same period 2023, the report said.
The report said that “a ton of dry rubber averagely cost $1,450 in the first quarter of 2024, about 41 dollars higher than that of the same period last year.” Khun Kakada, acting director general of the General Directorate of Rubber, said in the statement.
Cambodia exports the commodity mainly to Malaysia, Vietnam, Singapore and China.
According to the report, Cambodia has so far planted rubber trees on a total area of 407,172 hectares, in which the trees on 320,184 hectares, or 79 percent, are old enough to be tapped.
