China's imports of natural and synthetic rubber decreased to $3,027 million in Q1 2023, compared to $3,478 million in the same period of last year. However, the volume of imports increased to 20,590,000 MT during January to March 2023, compared to 18,600,000 MT in the same period of 2022.
In March 2023, China imported rubber worth $1,082 million, with a volume of 7,300,000 MT. As the world's largest consumer of rubber, China imports the commodity to secure a supply of raw materials for its domestic rubber-based industries.
Fibre2Fashion News Desk (KUL)