Export of plastic products to the US still follows a strong uptrend

• According to statistics of the General Department of Vietnam Customs, the export turnover of plastic products to the US market in the first four months of 2022 reached $799.5 million, accounting for 41.5% of Vietnam’s total export turnover of plastic products. Male. Compared to the same period in 2021, the export turnover of plastic products to the US market increased by 53.2%.
• In April 2022, the export of plastic products to the US market reached 244.1 million USD, up 12.6% compared to March 2022 and up 66% compared to April 2021. Export of plastic products to the US market in April 2022 is growing strongly due to the demand for plastic products, especially construction and installation utensils; household plastic products increased sharply.
• It is forecasted that in the first 9 months of 2022, the US is still the largest market for Vietnam’s exported plastic products, with export turnover increasing by over 45% over the same period in 2021.

In the first 4 months of 2022, Vietnam’s plastic product exports to this market continued to grow strongly. The group of goods used in construction, furniture, decoration… continues to be an important plastic product in the structure of Vietnam’s export plastic products to the US, because these are world-class products. Vietnam’s strength while the US side has great demand.

In the first 4 months of 2022, Vietnam’s plastic product exports to the US market continued to increase sharply in a number of items serving the construction and home decoration industry, which are materials used in construction; flower pot figurines and other decorative items; umbrellas, accessories; buttons, caps, valve caps; Sanitary equipment…

Notably, exports of plastic household products increased sharply to the US market in the first 4 months of 2022. Some plastic household products were exported to this market such as eating utensils (knives). , spoon, fork), plastic she’c; Plastic bowls, plastic plates, plastic straws these are the strong plastic products of Vietnam. However, for household plastic products to have a long-term foothold in the US market, Vietnamese plastic enterprises need to improve product quality and product design, aiming for bio-plastic and environmentally friendly products.

According to ITC, in the first 3 months of 2022, household plastic products (HS 3924) exported to the US market increased by 28.2% over the same period in 2021, reaching 2.53 billion USD. This is a fairly strong increase, proving that the demand for household plastic products in the US market in 2022 is very large.

The largest export market for household plastic products (HS 3924) to the US market in the first 3 months of 2022 is the Chinese market, with export turnover to the US market increasing sharply compared to the same period last year. year 2021.

Meanwhile, Vietnam is the 4th largest market supplying household plastic products (HS 3924) to the US market in the first 3 months of 2022, reaching 61.6 million USD, up 25.4% compared to the previous year. the same period in 2021, accounting for 2.4% of the total import value of the US market. Although the proportion of export turnover to the US is not high, Vietnam’s plastic household products have been increasingly trusted by American consumers. In 2022, Vietnam’s plastic household products (HS 3924) have many prospects for export to the US market because the demand for this product in the US market is increasing strongly.

Refer to the major market supplying household plastic products (HS 3924) to the US market in the first 3 months of 2022

Types of plastic products exported to the US market

In the first 4 months of 2022, there were 11 plastic products exported to the US market with a turnover of over 10 million USD. In which, there are 5 products used in construction and installation with a turnover of over 50 million USD, which are used in construction; household plastic products; sheet, slab’n, plastic film; to plastic and accessories for installation in homes and vehicles. The total export turnover of these 5 plastic products accounted for 77.7% of the total export turnover to the US market in 4 months.

Export turnover of plastic products to the US market in 2021 – 2022

Structure of plastic products exported to the US market in the first 4 months of 2022 (proportion by value)

Notably, although PE plastic bags continue to be subject to dumping tax in the US, the export of plastic bags to the US market still increased in the first 4 months of 2022, reaching $71.4 million, accounting for 9% of the total. export turnover of plastic products to the US. Compared to the same period in 2021, the export of plastic bags to this market increased by 35.6%. Plastic bags are the 4th largest plastic product exported to the US market in 4 months.

After that, the export of plastic products for home and vehicle assembly to the US market increased slightly in the first 4 months of 2022, reaching 54.9 million USD, accounting for 6.9% of total export turnover. plastic product. Compared to the same period in 2021, the export of this plastic product to the US market increased by 3.7%.

In addition, in the first 4 months of 2022, a number of other plastic products exported to the US market increased sharply, including cosmetic cases, industrial plastic products and some plastic products used in construction and home decoration. , construction are all kinds of umbrella’ng, accessories; figurines, flower pots and other decorative items; buttons, caps, valve caps; Sanitary ware These are plastic products that have great prospects for export to the US market in 2022.

Refer to the export of plastic products to the US market in April and the first 4 months of 2022