Rubber exports grew 10% over last decade

PETALING JAYA: Malaysia’s rubber exports have consistently outperformed the national export growth rate over the last few years, says Primary Industries Minister Teresa Kok.

She said growth in the export of rubber products registered an average of 10% over the last decade.

“I would expect the rubber product industry to continue to achieve greater heights and take its place among the top five export performers,” she said after launching the Malaysian Rubber Export Promotion Council (MREPC) fund for automation and green technology here today.

Last year, export of rubber products accounted for 2.4% of total exports, with a total worth of RM23.7 billion.

Kok however warned that policy uncertainties would affect the rubber industry.

“Export may be impacted and become more subdued in the coming months if these uncertainties drag on,” she added.

Meanwhile, Kok said the goverment is committing RM20 million to MREPC.