PHNOM PENH: Cambodia earned US$80 million from the export of dry rubber during the first two months of 2023, according to an official report released on Tuesday.

The General Directorate of Rubber’s report showed that Cambodia exported 58,590 tonnes of dry rubber during the January-February period this year, up 21 percent compared to the same period in 2022.

“A tonne of dry rubber averagely costs US$1,349 during the first two months of 2023, about US$239 lower than that of the same period last year,” the report read. Cambodia exports the commodity mainly to Malaysia, Vietnam, Singapore, and China.

The Kingdom has so far planted rubber trees on a total area of 404,578 hectares, of which 315,332 hectares, or 78 percent, are old enough to be tapped, the report said.