Vietnam posted a new record in rubber exports in 2022, earning $3.31 billion in revenue from shipping 2.14 million tons, according to the Ministry of Agriculture and Rural Development (MARD).

The figures represent a year-on-year increase of 9.6 per cent in volume and 1.1 per cent in value.

Reviewing rubber exports over the past 20 years, MARD said Vietnam hit $1 billion for the first time in 2006. Four years later, the figure doubled to $2.3 billion.

In 2011, rubber export revenue rose sharply and hit $3.2 billion.

The Vietnam Rubber Association said the recovery in global demand for rubber helped boost exports in 2022.