Plastic products exports up 20%
2018-08-06 18:54:15 / Vietnam Plas (HCM)
Exports of plastic products were worth US$1.43 billion in the first half of the year, a year-on-year increase of 20 per cent, according to the General Department of Vietnam Customs.
They were shipped to many markets, with Japan being the largest, accounting for $312.5 million worth, 15.7 per cent up.
Shipments to the US were worth $223.7 million, while the other major buyers were the Netherlands ($75.9 million) and South Korea ($75.3 million).
Exports to many markets, including India, Hong Kong, Turkey, China, Ukraine, Russia, and Bangladesh, are rising.
Shipments to India rose by over 159.4 per cent to $17.6 million.
Exports to Hong Kong were up 158.8 per cent to $29 million.
But exports to certain markets such as the Philippines (down by 31.3 per cent), Laos (26.3 per cent) and UAE (26.2 per cent) declined.
According to the Việt Nam Plastics Association, the industry is one of those to achieve steady growth of 14-15 per cent a year with its export growing by 12-14 per cent annually.
The industry still has a lot of room to grow because the per capita consumption of plastic products in Việt Nam remains low at 41kg per year, while it is 48.5kg in Asia and 69.7kg globally.
Companies have increased investment in technology and plants and are tying up with foreign partners to improve their competitiveness. — VNS
Read more at http://vietnamnews.vn/economy/462911/plastic-products-exports-up-20.html#rYgQGULjeCX8wHLo.99
More News
- FREE Registration for ATLife 2024 is available now!! Assistive Technology for Life / 2024-04-03 14:10:57
- Postponement Announcement: The 9th Cambodia International Textile & Garment Industry Exhibition (CTG) CTG / 2024-03-04 14:50:53
- Postponement Announcement: The 9th Cambodia International Machinery Industry Fair (CIMIF) CIMIF / 2024-03-04 14:43:08
- A Whole New Business Platform for Thailand's PCB and Electronics Manufacturing Chain, Intelligent Asia Thailand Thailand PCB and Electronics Manufacturing Exhibition / 2024-02-29 11:18:22
- VTG is ahead, successfully addressing industry bottlenecks in textile transformation VTG - Vietnam Int'l Textile & Garment Industry Exhibition / 2024-01-16 10:15:19
- ANEX 2024: Register and Reserve Your Booth Now! Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:44
- TNFIA joined the 2023 Taiwan-Thailand Industrial Summit in Bangkok, introducing ANEX2024 to the Southeast Asian market Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:36
- Heading to the ANFA Conference in Hong Kong Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:28
- TNFIA President Jian was interviewed by Japan Nonwoven Reports, sharing Taiwan's experience and promoting ANEX2024. Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:20
- Highlights of the Successful Conclusion of VietnamPlas 2023 Vietnam Plas (HCM) / 2023-12-07 15:59:11
- VietnamWood's Digital Path to Woodworking Excellence VIETNAMWOOD / 2023-11-08 18:19:34
- Apply your visit to Taiwan International Food Industry Show 2023 Taiwan Int'l Food Industry Show / 2023-10-27 11:45:13
- Apply your visit to 2023 Taiwan Wine & Spirits Festival Taipei Int'l Wine & Spirit Festival / 2023-10-27 11:38:49
- Apply your visit to Taiwan International Tea Expo 2023 Taiwan Int'l Tea Expo / 2023-10-27 11:35:03
- Apply your visit to Taiwan International Coffee Show 2023 Taiwan Int'l Coffee Show / 2023-10-27 11:30:06
- Booth registration for ATLife 2024 opens now! Assistive Technology for Life / 2023-10-24 16:07:50
- 【VietnamWood 2023】Profession and Entertainment ALL in ONE VIETNAMWOOD / 2023-09-23 11:02:52
- 【VietnamWood 2023】 Has a successful start VIETNAMWOOD / 2023-09-22 09:58:41
- 【VietnamWood 2023】Highly reputed by exhibitors VIETNAMWOOD / 2023-09-22 09:56:16
- Smart Wood Manufacturing by VietnamWood 2023 at SECC on 9/20-23 VIETNAMWOOD / 2023-09-20 16:00:38