A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s chemical product exports increase by 17.61 percent in March

Vietnam’s chemical product exports rose by 17.61 percent in March compared to February, reaching US$260.18 million, according to data from Vietnam’s General Department of Customs.

Total chemical exports for the year have reached US$709.76 million, supported by consistent demand across Asian markets.

The largest contributor was Laos, which accounted for over 25 percent of total exports and recorded a 24.83 percent month-on-month increase. Shipments to China and the USA rose by 28.01 percent and 50.10 percent respectively. Notable growth was also seen in India, Cambodia, and Japan. However, exports to Indonesia, Germany, Kenya, and the Netherlands declined during the period.

See also: Chemical Industry in Vietnam

Vietnam chemical product exports, March, US$ millions

MarchFebruaryMoMYTD% of Total for Year
Total260.18221.2417.61%709.76100.00%
Other30.5026.9113.32%78.8111.10%
Laos64.8051.9124.83%181.2825.54%
China40.8531.9128.01%97.8313.78%
Indonesia20.3821.73-6.22%66.609.38%
India12.9110.9917.38%34.814.90%
USA12.708.4650.10%34.044.80%
Japan11.349.1124.54%31.424.43%
Thailand11.1910.0111.81%30.514.30%
Cambodia10.478.4424.09%29.024.09%
Malaysia7.566.2221.52%20.622.91%
South Korea7.446.7310.56%21.062.97%
Philippines6.195.973.67%17.052.40%
Bangladesh4.534.0013.50%11.961.69%
Taiwan3.893.1025.50%9.391.32%
Australia3.083.14-1.90%8.921.26%
Singapore3.022.5319.53%7.571.07%
Saudi Arabia2.031.7317.60%5.690.80%
Pakistan1.401.1126.04%3.530.50%
Kenya1.351.76-23.45%4.660.66%
Sri Lanka0.960.6743.48%2.700.38%
Germany0.821.05-22.47%2.840.40%
South Africa0.760.5832.34%1.840.26%
Hong Kong0.550.66-17.45%1.600.23%
Myanmar0.541.19-54.59%2.420.34%
Netherlands0.471.13-58.34%2.650.37%
Algeria0.390.12236.29%0.680.10%
Kazakhstan0.080.09-12.14%0.250.03%

See also: How to Start an Export Business in Vietnam.

get the latest news sent straight to your inbox