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Malaysian Natural Rubber Export and Import Both Decreased in Q1 2019

Malaysian Natural Rubber Export and Import Both Decreased in Q1 20192019.06.14

Malaysia is the world's fifth largest producer of natural rubber after Thailand, Indonesia, Vietnam and China. It is not only the leader in the production and export of rubber products, but also one of the large consumers of natural rubber. In the first quarter of 2019, Malaysia has imported 274,820 tons and exported 144,164 tons of natural rubber, seeing an decrease of 18.4% and 6.5% respectively year on year.


(Data Source: Department of Statistics Malaysia)

 
According to the Association of Natural Rubber Producing Countries (ANRPC), the world production of NR fell 5.2% to 2.989 million tons in the first quarter of 2019 from 3.152 million tons recorded during the same period last year. And data released by Department of Statistics Malaysia (DOSM) showed that Malaysia’s natural rubber (NR) production in March 2019 was 49,465 tons, seeing an increase of 6.6% as compared to March 2018. But month-on-month comparison showed the production of NR declined by 16.2% from 59,017 tons in February 2019.


Malaysia's NR exports amounted to 53,265 tonnes in March 2019, increased by 29.6% against 41,102 tonnes in February 2019. The major types of natural rubber exported by Malaysia include SMR, latex, and RSS, accounting for 94%, 4.5% and 1.5% of the NR exports in March.


(Data Source: Department of Statistics Malaysia)

 

China is the main destination of exported NR, accounting for 43.2% of the total exports in March followed by Germany (12.0%), Finland (7.8%), U.S.A (4.8%) and Turkey (4.0%).


(Data Source: Department of Statistics Malaysia)

 
In January and February, China accounts for 39.4% and 42.6% respectively in the monthly total exports, followed by Germany as the second largest NR importer from Malaysia.



(Data Source: Department of Statistics Malaysia)

 
Malaysia is also one of the natural rubber import countries, and has imported a total of 274,820 MT natural rubber in the first quarter of 2019. In March, it imported 101,646 tons of NR, seeing a 27% increase from February. Thailand is the main import source of NR, accounting for 35.3% of the import in March, followed by Philippines (7.8%), Myanmar (7.5%), Vietnam (1.4%), etc.


(Data Source: Department of Statistics Malaysia)


In January and February, Thailand accounts a larger share at 50.3% and 43.5% respectively in Malaysia’s monthly total imports, followed by Philippines  as the second largest NR exporter to Malaysia.

 




(Data Source: Department of Statistics Malaysia)

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