Date: November 20, 2024
Cambodia Earns $472 Million from Rubber Latex Exports in 2024
Cambodia’s Growing Rubber Latex Export Revenue
Cambodia achieved remarkable growth in its rubber latex exports, earning $472 million in the first 10 months of 2024. This marks a significant 22.5% increase compared to the same period in 2023, according to a report by the General Directorate of Rubber.
Export Volume and Pricing
The kingdom exported 291,269 tonnes of natural rubber latex between January and October 2024, a 2.6% increase from the same period last year. The average price of rubber latex during this period was $1,621 per ton, which is $264 higher than the price recorded in 2023.
Key Export Markets
Cambodia’s primary export destinations for rubber latex include:
- Malaysia
- Vietnam
- Singapore
- China
These markets continue to drive demand for Cambodia’s high-quality rubber latex.
Rubber Cultivation in Cambodia
As of now, Cambodia has planted rubber trees across a total area of 407,172 hectares, with 320,184 hectares currently mature and suitable for tapping. This extensive cultivation base supports the nation’s growing export capabilities.
Conclusion
The significant increase in rubber latex export revenue reflects Cambodia’s strategic focus on enhancing its agricultural exports. With stable demand from key markets and rising prices, the sector is poised for sustained growth in the coming years.