Export of plastic products to the EU in the second half of 2020 has many signs of growth

Export turnover of plastic products in July 2020 is estimated at 300 million USD, up 3.6% compared to June 2020, up 2.3% over the same period in 2019. Export turnover of plastic products in 7 months The first half is estimated at 1.9 billion USD, down 0.4% over the same period in 2019.

According to statistics, the export turnover of plastic products in June 2020 reached 289.7 million USD, up 10.7% compared to May 2020, up 2.7% over the same period in 2019. Total turnover Vietnam's export turnover of plastic products in the first 6 months of 2020 reached US $ 1.6 billion, down 0.9% over the same period in 2019.

In which, the export turnover of plastic products to the EU market in the first 6 months of 2020 reached 227.8 million USD, down 9.9% over the same period in 2019, accounting for 13.9%, Total export turnover. plastic import of the country. The decrease in the first 6 months of 2020 due to the impact of the Covid-19 epidemic. In June 2020, the export activities of our country's plastic products to the EU market are gradually recovering and increasing again in some key and traditional markets such as the Netherlands, Poland, and Spain. Denmark, Italy.

The EU has a large demand for plastic products, and Vietnam's plastic products in the EU are not subject to anti-dumping duties of 8-30% like other sources in Asia. The flexible origin criteria of the Vietnam - EU Free Trade Agreement are signals that in the second half of 2020, exports of plastic products to the EU market will increase again, when the EVFTA comes into effect from August. / 2020.

Outstanding export products include items such as plastic bags; Canvas; figurines, flower pots and decorations, plates, slabs, plastic films, household plastic products, pouring in offices, schools ... With the EU's demand for imported plastic products worth billions of dollars Year, the EU promises to be a potential export market for plastic products. In many EU markets, Vietnam's export turnover of plastic products is still low such as Finland, Estonia, Greece, the Czech Republic, Portugal, Austria, Hungary ...

The export turnover of plastic products to the EU market in 2019-2020  (Unit: thousand USD)

Source: vpas.vn