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Vietnam’s plastics exports decline by 3.33 percent in December

Vietnam’s exports of plastics decreased by 3.33 percent in December compared to November, reaching US$177.39 million, according to data from Vietnam’s General Department of Customs.

Vietnam’s plastics exports total US$2.63 billion for 2024.

The decrease in exports was primarily driven by a drop in shipments to Portugal and Italy, which saw declines of 77.54 percent and 87.23 percent, respectively. Exports to Thailand and Poland also decreased by 9.55 percent and 11.53 percent, respectively.

However, some markets showed growth. Exports to Indonesia, India, and the Philippines increased by 12.71 percent, 35.23 percent, and 56.78 percent, respectively. Exports to Canada and Ivory Coast also showed strong growth, increasing by 115.44 percent and 97.85 percent, respectively.

See also: Plastics Industry in Vietnam

Vietnam plastics exports, December 2024, US$

DecemberNovemberMoM2024
Total177,389,476183,498,815-3.33%2,630,810,933
Other55,252,46055,983,522-1.31%782,665,008
Indonesia30,505,86327,066,16612.71%389,990,577
China26,445,48724,414,5468.32%419,160,015
India11,018,8058,148,43335.23%141,057,005
Japan10,665,12210,356,3182.98%159,543,209
Thailand7,045,8327,789,984-9.55%112,086,034
Poland6,375,7087,206,992-11.53%112,021,042
Philippines6,122,2043,904,88056.78%48,687,940
South Korea3,551,6633,223,17610.19%47,297,376
Taiwan3,397,8303,141,7588.15%50,601,912
Malaysia3,363,5583,250,7783.47%53,810,022
Cambodia3,180,0422,565,64423.95%34,518,563
Bangladesh3,040,3504,159,665-26.91%57,642,132
Nigeria1,311,7646,029,679-78.24%38,798,234
Italy1,270,8139,952,673-87.23%94,121,078
Hong Kong965,8381,004,735-3.87%8,494,167
Canada931,857432,534115.44%9,426,165
Romania873,123869,5160.41%14,717,557
Australia828,404987,456-16.11%17,457,242
Ivory Coast639,118323,03397.85%6,347,823
Portugal603,6352,687,327-77.54%32,367,832

See also: How to Start an Export Business in Vietnam.

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