World

Malaysia's rubber exports soar in first half

Malaysia's rubber and rubber products exports surged 150 percent to 44.43 billion ringgit (10.48 billion USD) in the first half of this year from 17.77 billion ringgit a year ago, due to the strong demand for rubber gloves amid the COVID-19 pandemic, official data showed on August 11.
Malaysia's rubber exports soar in first half ảnh 1Illustrative image (Photo: VNA)
Kuala Lumpur (VNA) - Malaysia's rubber and rubber products exportssurged 150 percent to 44.43 billion ringgit (10.48 billion USD) in the firsthalf of this year from 17.77 billion ringgit a year ago, due to the strongdemand for rubber gloves amid the COVID-19 pandemic, official data showed on August 11.

The Malaysian Rubber Council (MRC), a unit under the Ministry ofPlantation Industries and Commodities (MPIC) in Malaysia, said in a statementthat the downstream rubber products exports, making up the bulk 89.7 percent ofthe total rubber industry exports, surged by 180.2 percent year on year to39.87 billion ringgit, driven by strong performance in the latex goods, inparticular gloves products.

Latex goods, which consisted of rubber gloves and other latex products,accounted for 93.9 percent of the total exports of rubber products while dryrubber products such as tyres, general rubber goods, industrial rubbergoods, footwear and inner tubes accounted for the remaining 6.1 percent.

The MRC said the demand for rubber gloves is projected to remain strongas the threat of the COVID-19 virus remains prevalent with the emergence of newvariants.

It estimated the global demand for rubber gloves to maintain a double-digit growth of between 12 percent and 15 percent in 2021./.
VNA
#Rubber#exports#imports#Malaysia#growth#Vietnam#Vietnamplus#Vietnam News Agency#COVID-19
Follow VietnamPlus

Related News

Malaysia's economy sees many positive signals

Malaysia's economy sees many positive signals

Data released by the Department of Statistics Malaysia (DOSM) on August 9 showed that Malaysia's manufacturing revenue in June increased by 6.5 percent year-on-year to 124.4 billion RM (29.6 billion USD) and up 1.3 percent from the previous month.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.