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China, South Korea and Japan – leading import markets of plastic products 

 Friday, April 13,2018

AsemconnectVietnam - China, South Korea and Japan were Vietnam’s 3 biggest import markets of plastic products in the first two months of this year.

Those markets accounted for 81 per cent of the country’s total imports of plastic products.   
Vietnam imported US$ 872.15 million worth of plastic products in the first two months of this year, increased by 23.5 per cent over the same period last year, showed the statistics figures of the General Department of Customs. In February only, the imports of plastics products were at $ 360.85 million, down by 29.5 per cent over the previous month and by 5.8 per cent over the same month of last year.

In the first two months of this year, the country’s imports of plastic products from China reached $ 306.97 million, up by 35.9 per cent year – on – year; while the imports from South Korea reached $ 280.25 million, up by 29.3 per cent; from Japan - $ 120.41 million, up by 9.7 per cent; from Taiwan - $ 37.9 million, up by 16.2 per cent; and from Thailand – $ 37.47 million, up by 9.3 per cent.

The imports of plastic products from the South East Asian countries reached $ 64.14 million, up by 0.2 per cent year – on – year.
In the first two months, the imports of plastic products from the Philippines increased sharply by 118.8 per cent to $ 4.6 million while the imports from Sweden – up by 108.6 per cent to $ 0.67 million.

However, the imports from the Netherlands, Singapore and Canada decreased by 69.4 per cent; 57 per cent and 54.4 per cent, respectively year – on – year.

Vietnam’s imports of plastic products in the first 2 months of 2018
- Unit: US$ -source:VITIC – according to the figures of the General Department of Customs
Market
February of 2018
First 2 months of 2018
February of 2018 vs. January of 2018 (%)
First 2 months of 2018 vs. same period of 2017 (%)
Total import value
360,849,629
872,153,452
-29.51
23.49
China
119,341,204
306,963,657
-36.46
35.94
South Korea
115,758,134
280,249,097
-29.65
29.27
Japan
57,703,682
120,409,318
-8.52
9.71
Taiwan
16,629,523
37,896,861
-21.81
16.15
Thailand
17,463,935
37,465,533
-12.75
9.34
The U.S
7,202,831
16,865,700
-25.83
23
Malaysia
4,577,970
14,201,587
-53.44
-12.43
Germany
2,552,117
7,292,718
-46.17
22.61
Indonesia
2,050,060
5,444,446
-39.97
-5.68
Hong Kong
2,013,748
4,729,098
-25.85
-0.79
The Philippines
1,836,041
4,596,821
-33.42
118.77
Italy
1,322,834
2,865,244
-15.25
6.35
Singapore
599,446
2,430,549
-67.51
-57.08
Britain
936,833
2,068,260
-17.2
-7.24
India
881,721
1,996,682
-20.89
-20.08
Switzerland
809,723
1,784,578
-16.94
-18.25
France
536,190
1,295,670
-29.73
17.67
The Netherlands
293,629
724,021
-31.78
-69.37
Sweden
101,994
669,332
-82.02
108.57
Turkey
215,858
592,107
-42.63
16
Canada
53,441
159,788
-49.75
-54.37
CK
Source: VITIC

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