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$2.26 billion. This marks a 33.6 percent increase in volume and a 28.5 percent rise in value compared to the same period in 2023.
The robust year-to-date growth underscores Vietnam’s growing role in the global plastics market, driven by high-quality products and diversified applications. October’s performance further highlights the sector’s potential for sustained expansion, contributing significantly to the country’s export economy.
See also: Manufacturing in Vietnam: Ultimate Guide
Vietnam plastics exports, October vs. September 2024, US$
October | September | MoM | YTD | |
Total | 259,568,418 | 246,858,609 | 5.15% | 2,260,186,331 |
Other | 68,257,652 | 59,506,384 | 14.71% | 622,986,323 |
Australia | 2,227,831 | 1,356,397 | 64.25% | 15,622,269 |
Bangladesh | 5,729,319 | 6,882,046 | -16.75% | 50,232,998 |
Belarus | 33,749 | 33,749 | 0.00% | 954,295 |
Cambodia | 2,350,759 | 2,193,234 | 7.18% | 28,788,747 |
Canada | 414,569 | 670,138 | -38.14% | 8,061,775 |
China | 60,157,487 | 62,450,722 | -3.67% | 368,304,531 |
HongKong | 808,223 | 707,243 | 14.28% | 6,523,595 |
India | 7,683,947 | 6,212,325 | 23.69% | 121,648,961 |
Indonesia | 33,950,207 | 40,137,675 | -15.42% | 331,147,298 |
Italy | 11,149,338 | 8,418,521 | 32.44% | 82,883,226 |
Ivory Coast | 490,433 | 375,430 | 30.63% | 5,385,671 |
Japan | 16,324,955 | 17,344,369 | -5.88% | 138,679,990 |
Lithuania | 1,744,875 | 1,844,326 | -5.39% | 13,418,921 |
Malaysia | 4,480,621 | 5,345,721 | -16.18% | 47,194,104 |
Myanmar (Burma) | 989,798 | 196,455 | 403.83% | 3,539,916 |
Nigeria | 4,740,659 | 3,868,193 | 22.55% | 31,456,791 |
Peru | 782,589 | 389,309 | 101.02% | 5,999,184 |
Philippines | 5,872,449 | 2,905,304 | 102.13% | 38,351,689 |
Poland | 12,146,066 | 5,194,146 | 133.84% | 98,438,342 |
Portugal | 2,436,162 | 5,917,102 | -58.83% | 29,071,964 |
Romania | 1,091,040 | -100.00% | 12,974,918 | |
Singapore | 402,171 | 322,098 | 24.86% | 3,919,505 |
South Africa | 389,540 | 161,220 | 141.62% | 4,900,097 |
South Korea | 3,764,612 | 3,180,563 | 18.36% | 40,540,945 |
Sri Lanka | 860,486 | 650,992 | 32.18% | 6,149,423 |
Taiwan | 4,272,332 | 3,644,068 | 17.24% | 44,062,324 |
Thailand | 7,072,469 | 5,756,582 | 22.86% | 97,338,192 |
Turkey | 35,120 | 103,257 | -65.99% | 1,610,337 |