Vietnam imported US$856.79 million worth of plastic products in March, a 25 percent increase from February, according to Vietnam’s General Department of Customs. The total import value for the first three months reached US$2.22 billion.
China remained the dominant supplier, accounting for nearly 60 percent of the total with US$530.02 million in shipments, up 46.77 percent month-on-month. Imports from the USA rose 39.37 percent to US$20.84 million, and Singapore saw a 61.45 percent surge. In contrast, South Korea, Japan, and Taiwan posted slight declines, while Germany dropped nearly 20 percent.
See also: Plastics Industry in Vietnam
Vietnam plastic product imports, March, US$ millions
March | February | MoM | YTD | % of Total | |
Total | 856.79 | 685.45 | 25.00% | 2,223.54 | 100.00% |
Other | 11.92 | 13.46 | -11.46% | 37.18 | 1.67% |
China | 530.02 | 361.11 | 46.77% | 1,321.58 | 59.44% |
South Korea | 125.27 | 127.66 | -1.87% | 353.34 | 15.89% |
Japan | 73.49 | 74.26 | -1.03% | 202.32 | 9.10% |
Taiwan | 28.13 | 29.06 | -3.21% | 79.24 | 3.56% |
Thailand | 21.14 | 22.98 | -8.02% | 58.97 | 2.65% |
USA | 20.84 | 14.95 | 39.37% | 49.91 | 2.24% |
Germany | 7.05 | 8.77 | -19.62% | 22.12 | 0.99% |
Malaysia | 9.20 | 6.27 | 46.68% | 20.42 | 0.92% |
UK | 5.38 | 4.68 | 14.80% | 13.24 | 0.60% |
Indonesia | 4.45 | 3.55 | 25.44% | 10.81 | 0.49% |
India | 3.06 | 4.49 | -31.79% | 10.56 | 0.47% |
Singapore | 3.28 | 2.03 | 61.45% | 6.90 | 0.31% |
Italy | 2.70 | 2.33 | 15.73% | 6.82 | 0.31% |
Switzerland | 2.53 | 2.64 | -3.88% | 6.51 | 0.29% |
Hong Kong | 1.84 | 1.66 | 10.90% | 5.24 | 0.24% |
Philippines | 1.33 | 1.24 | 6.93% | 3.79 | 0.17% |
France | 1.14 | 1.51 | -24.60% | 3.74 | 0.17% |
Denmark | 1.51 | 0.95 | 57.86% | 3.68 | 0.17% |
Spain | 0.84 | 0.59 | 42.16% | 2.41 | 0.11% |
Netherlands | 0.62 | 0.41 | 50.73% | 1.82 | 0.08% |
Sweden | 0.70 | 0.44 | 58.00% | 1.74 | 0.08% |
Turkey | 0.17 | 0.21 | -18.70% | 0.66 | 0.03% |
Canada | 0.19 | 0.18 | 6.38% | 0.54 | 0.02% |