Vietnam’s plastic exports rise in October, year-to-date figures show significant growth

Vietnam’s exports of plastics increased in October 2024, with volumes reaching 248,829 tonnes and a value of US$259.57 million, according to Vietnam’s General Department of Customs. This represents a 6.9 percent rise in volume and a 5.1 percent increase in value compared to September, which recorded 232,672 tonnes and US$246.86 million.

Year-to-date performance reveals even stronger growth. From January to October, Vietnam exported 2.06 million tonnes of plastics, valued at US$2.26 billion. This marks a 33.6 percent increase in volume and a 28.5 percent rise in value compared to the same period in 2023.

The robust year-to-date growth underscores Vietnam’s growing role in the global plastics market, driven by high-quality products and diversified applications. October’s performance further highlights the sector’s potential for sustained expansion, contributing significantly to the country’s export economy.

See also: Manufacturing in Vietnam: Ultimate Guide

Vietnam plastics exports, October vs. September 2024, US$

OctoberSeptemberMoMYTD
Total259,568,418246,858,6095.15%2,260,186,331
Other68,257,65259,506,38414.71%622,986,323
Australia2,227,8311,356,39764.25%15,622,269
Bangladesh5,729,3196,882,046-16.75%50,232,998
Belarus33,74933,7490.00%954,295
Cambodia2,350,7592,193,2347.18%28,788,747
Canada414,569670,138-38.14%8,061,775
China60,157,48762,450,722-3.67%368,304,531
HongKong808,223707,24314.28%6,523,595
India7,683,9476,212,32523.69%121,648,961
Indonesia33,950,20740,137,675-15.42%331,147,298
Italy11,149,3388,418,52132.44%82,883,226
Ivory Coast490,433375,43030.63%5,385,671
Japan16,324,95517,344,369-5.88%138,679,990
Lithuania1,744,8751,844,326-5.39%13,418,921
Malaysia4,480,6215,345,721-16.18%47,194,104
Myanmar (Burma)989,798196,455403.83%3,539,916
Nigeria4,740,6593,868,19322.55%31,456,791
Peru782,589389,309101.02%5,999,184
Philippines5,872,4492,905,304102.13%38,351,689
Poland12,146,0665,194,146133.84%98,438,342
Portugal2,436,1625,917,102-58.83%29,071,964
Romania1,091,040-100.00%12,974,918
Singapore402,171322,09824.86%3,919,505
South Africa389,540161,220141.62%4,900,097
South Korea3,764,6123,180,56318.36%40,540,945
Sri Lanka860,486650,99232.18%6,149,423
Taiwan4,272,3323,644,06817.24%44,062,324
Thailand7,072,4695,756,58222.86%97,338,192
Turkey35,120103,257-65.99%1,610,337
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