Vietnam exported 160,632 tons of rubber in January, earning $298.68 million, according to the General Department of Vietnam Customs.

The figure represents a year-on-year decline of 23.7% in volume but an increase of 0.6% in value.

The revenue growth is attributed to the increasing export price which stood at $1,859 per ton, surging 32% compared to the same period last year.

China remains the largest rubber importer of Vietnam with 126,384 tons, worth $233.3 million, accounting for 78.7% of the total volume and 78.1% of the toal value. It was followed by Malaysia with 6,605 tons.

Last year, Vietnam exported 2 million tons of rubber, gaining $3.4 billion.