KUALA LUMPUR, Feb 12 (Bernama) — Malaysia’s natural rubber (NR) exports in December 2014 dropped by 16.7 per cent to 69,438 tonnes from December 2013, the Statistics Department said.
In a statement today, the department said Standard Malaysian Rubber (SMR) contributed 95.5 per cent of the total NR exports.
The commodity was exported mainly to China (48.3 per cent) followed by Germany (9.7 per cent), US (five per cent), Iran (12.9 per cent), South Korea (2.1 per cent), Brazil (1.6 per cent), Turkey (1.7 per cent), Finland (1.7 per cent) and Portugal (1.7 per cent), it said.
Imports of NR in December 2014 fell by 27.1 per cent to 85,193 tonnes compared to a year ago.
Production of NR shrank 32 per cent in December 2014 to 52,004 tonnes.
NR stocks decreased 17.8 per cent to 137,990 tonnes when compared to the level in December 2013.