Vietnam’s exports of plastic products fell by 11.29 percent month-on-month in January, reaching US$579.84 million, according to Vietnam’s General Department of Customs.
The US remained the largest market, accounting for 50.35 percent of total exports at US$291.94 million, a 13.68 percent decrease from December. Japan followed with US$60.65 million, representing 10.46 percent of total exports, increasing slightly by 0.55 percent. India ranked third with US$23.41 million, making up 4.04 percent of total exports, rising by 22.11 percent.
Compared to December, Saudi Arabia recorded the highest growth, rising by 247.67 percent to US$446,168. Norway and Cyprus also saw significant increases, growing by 86.90 percent and 35.11 percent, respectively. Meanwhile, exports to Switzerland and Russia declined sharply, falling by 57.36 percent and 25.89 percent, respectively.
The top five markets—the US, Japan, India, South Korea, and the Netherlands—accounted for 70.94 percent of Vietnam’s total plastic product exports in January. While some smaller markets experienced strong growth, the overall decline reflects reduced demand in major export destinations.
See also: Plastics Industry in Vietnam
Vietnam’s plastic product exports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 579.84 | 653.63 | -11.29% | 579.84 | 100.00% |
| Other | 13.97 | 17.67 | -20.91% | 13.97 | 2.41% |
| USA | 291.94 | 338.19 | -13.68% | 291.94 | 50.35% |
| Japan | 60.65 | 60.32 | 0.55% | 60.65 | 10.46% |
| India | 23.41 | 19.17 | 22.11% | 23.41 | 4.04% |
| South Korea | 19.59 | 24.17 | -18.97% | 19.59 | 3.38% |
| Netherlands | 15.82 | 16.89 | -6.38% | 15.82 | 2.73% |
| Germany | 15.09 | 17.46 | -13.56% | 15.09 | 2.60% |
| Thailand | 13.37 | 11.67 | 14.52% | 13.37 | 2.31% |
| Indonesia | 12.98 | 13.74 | -5.55% | 12.98 | 2.24% |
| Cambodia | 12.63 | 14.56 | -13.29% | 12.63 | 2.18% |
| China | 12.06 | 21.25 | -43.24% | 12.06 | 2.08% |
| UK | 10.99 | 12.97 | -15.27% | 10.99 | 1.89% |
| Canada | 7.96 | 6.96 | 14.29% | 7.96 | 1.37% |
| Australia | 7.73 | 9.46 | -18.34% | 7.73 | 1.33% |
| Mexico | 7.13 | 7.17 | -0.58% | 7.13 | 1.23% |
| Philippines | 6.05 | 4.84 | 25.10% | 6.05 | 1.04% |
| Belgium | 4.67 | 5.44 | -14.22% | 4.67 | 0.81% |
| France | 4.53 | 6.01 | -24.74% | 4.53 | 0.78% |
| Poland | 4.37 | 5.20 | -15.85% | 4.37 | 0.75% |
| Malaysia | 4.13 | 4.73 | -12.69% | 4.13 | 0.71% |
| Taiwan | 3.74 | 5.21 | -28.22% | 3.74 | 0.64% |
| Hong Kong | 3.68 | 4.56 | -19.31% | 3.68 | 0.64% |
| Spain | 3.14 | 3.57 | -12.18% | 3.14 | 0.54% |
| Italy | 2.42 | 2.78 | -12.94% | 2.42 | 0.42% |
| Denmark | 2.37 | 2.71 | -12.60% | 2.37 | 0.41% |
| Myanmar | 2.18 | 1.69 | 28.89% | 2.18 | 0.38% |
| Russia | 2.17 | 2.92 | -25.89% | 2.17 | 0.37% |
| Laos | 1.71 | 1.93 | -11.61% | 1.71 | 0.29% |
| Singapore | 1.54 | 2.00 | -23.08% | 1.54 | 0.27% |
| New Zealand | 1.20 | 1.06 | 13.42% | 1.20 | 0.21% |
| Sweden | 1.19 | 1.88 | -36.55% | 1.19 | 0.21% |
| UAE | 1.19 | 1.40 | -14.95% | 1.19 | 0.21% |
| Czech Republic | 0.84 | 0.80 | 4.80% | 0.84 | 0.15% |
| Turkey | 0.64 | 0.66 | -2.33% | 0.64 | 0.11% |
| Bangladesh | 0.59 | 0.71 | -17.19% | 0.59 | 0.10% |
| Greece | 0.48 | 0.60 | -20.94% | 0.48 | 0.08% |
| Finland | 0.47 | 0.47 | 0.29% | 0.47 | 0.08% |
| Saudi Arabia | 0.45 | 0.13 | 247.67% | 0.45 | 0.08% |
| Norway | 0.40 | 0.21 | 86.90% | 0.40 | 0.07% |
| Cyprus | 0.30 | 0.22 | 35.11% | 0.30 | 0.05% |
| Switzerland | 0.09 | 0.21 | -57.36% | 0.09 | 0.02% |