Vietnam’s exports of chemical products decreased by 7.33 percent month-on-month in January, reaching US$228.43 million, according to Vietnam’s General Department of Customs. This follows a decline from US$246.50 million recorded in December.
Year-to-date, Vietnam’s total exports of chemical products stood at US$228.43 million. Laos remained the largest destination, receiving US$64.57 million, or 28.3 percent of the total, followed by China with US$25.09 million, representing 11 percent, and Indonesia with US$24.49 million.
Among major destinations, exports to the USA saw the highest month-on-month growth, increasing by 37.66 percent, followed by Laos with a rise of 20.36 percent. In contrast, exports to Algeria, Germany, and Hong Kong experienced significant declines of 48.64 percent, 39.56 percent, and 52.92 percent, respectively. Other key destinations, such as China, Taiwan, and the Philippines, also posted declines.
Vietnam’s chemical product exports continue to be heavily reliant on key Asian markets, with Laos and China maintaining their positions as top destinations. While exports to the USA showed impressive growth, the overall decline from several key Asian markets suggests challenges in these regions.
See also: Chemical Industry in Vietnam
Vietnam chemical product exports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 228.43 | 246.50 | -7.33% | 228.43 | 100.00% |
| Other | 21.26 | 24.72 | -13.98% | 21.26 | 9.31% |
| Laos | 64.57 | 53.64 | 20.36% | 64.57 | 28.26% |
| China | 25.09 | 40.65 | -38.27% | 25.09 | 10.98% |
| Indonesia | 24.49 | 23.84 | 2.71% | 24.49 | 10.72% |
| USA | 12.89 | 9.36 | 37.66% | 12.89 | 5.64% |
| Japan | 10.97 | 12.01 | -8.70% | 10.97 | 4.80% |
| India | 10.95 | 13.59 | -19.48% | 10.95 | 4.79% |
| Cambodia | 10.13 | 10.02 | 1.08% | 10.13 | 4.43% |
| Thailand | 9.31 | 11.75 | -20.73% | 9.31 | 4.08% |
| South Korea | 6.89 | 7.21 | -4.44% | 6.89 | 3.02% |
| Malaysia | 6.84 | 7.09 | -3.50% | 6.84 | 3.00% |
| Philippines | 4.88 | 6.19 | -21.14% | 4.88 | 2.14% |
| Bangladesh | 3.47 | 4.71 | -26.40% | 3.47 | 1.52% |
| Australia | 2.70 | 3.33 | -18.92% | 2.70 | 1.18% |
| Taiwan | 2.40 | 3.25 | -26.07% | 2.40 | 1.05% |
| Singapore | 2.03 | 3.08 | -34.13% | 2.03 | 0.89% |
| Saudi Arabia | 1.93 | 2.47 | -21.75% | 1.93 | 0.85% |
| Kenya | 1.57 | 2.02 | -21.98% | 1.57 | 0.69% |
| Sri Lanka | 1.08 | 1.08 | -0.71% | 1.08 | 0.47% |
| Pakistan | 1.06 | 1.05 | 0.51% | 1.06 | 0.46% |
| Netherlands | 1.05 | 1.01 | 3.99% | 1.05 | 0.46% |
| Germany | 0.97 | 1.61 | -39.56% | 0.97 | 0.43% |
| Myanmar | 0.76 | 0.86 | -12.09% | 0.76 | 0.33% |
| South Africa | 0.50 | 0.63 | -20.19% | 0.50 | 0.22% |
| Hong Kong | 0.39 | 0.82 | -52.92% | 0.39 | 0.17% |
| Algeria | 0.17 | 0.32 | -48.64% | 0.17 | 0.07% |
| Kazakhstan | 0.08 | 0.16 | -52.97% | 0.08 | 0.03% |