Plastics import plunges
VOV.VN - The plastics sector’s import surplus dipped 17.5% to US$3.54 billion last year, according to the Vietnam Plastics Association (VPA).
Although the sector earned US$2.405 billion from exports last year, a rise of 12.4% compared to the previous year it spent US$5.949 billion on importing 3.82 million tons of plastic materials for domestic production.
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Saudi Arabia, Taiwan, Thailand, China and Singapore are Vietnam’s major plastic suppliers, of which China accounted for 8% of total import value.
The VPA said PE and PP remained two major import materials for the plastics sector and made up 53.45% of total plastics import value.
