[INNEWS Comprehensive Report] On October 19, the Cambodia General Rubber Administration released a report stating that from January to September 2023, Cambodia’s rubber and rubber wood export revenue exceeded US$321 million.
In the first nine months of 2023, Cambodia’s rubber export revenue reached US$320 million, while rubber wood exports were US$1.3 million.
The price of rubber per ton is US$1,323, a decrease of US$196/ton from the same period in 2022, a decrease of 13%. By September 2023, the average export value of rubber wood will be US$211 per cubic meter.
The report pointed out that the total rubber area in Cambodia is 404,578 hectares, of which the rubber plantation area is 315,322 hectares, accounting for 78%, and the conservation area is 89,246 hectares, accounting for 22%. Major partners in Cambodia’s rubber export market include China, Vietnam, Malaysia, Singapore, India and the European Union. Meanwhile, Thailand remains the world’s largest natural rubber producer, followed by Indonesia, Vietnam, China, India, Malaysia and Cambodia, according to the latest data from the Natural Rubber Producing Countries Association.
China still ranks among the top natural rubber consumers in the world, followed by India, Thailand and Malaysia.
It is worth mentioning that in 2022, Cambodia’s rubber and rubber wood export revenue exceeded US$531 million. Among them, rubber export revenue was US$527 million, while rubber wood export revenue was US$4.08 million.