VietnamCredit
VietnamCredit About Us Cafe€redit Contact Us API
Login Register
0
USD
Go to cart
Checkout
Vietnam’s paper industry in the first ten months of 2021

Vietnam’s paper industry in the first ten months of 2021

Friday 12, 11 2021
In the first ten months of 2021, Vietnam's export of paper and paper products is estimated at 1.36 billion USD, up 15.7% over the same period in 2020.

Vietnam’s paper industry saw export growth

Statistics from the General Department of Customs showed that in the first nine months of 2021, Vietnam's export of paper and paper products reached 1.12 billion USD, up 15.2% over the same period in 2020. In addition, in the first nine months of 2021, paper imports of all kinds reached 1.67 million tons, with a turnover of 1.56 billion USD, up 17.3% in volume and 32.5% in turnover over the same period last year.

General Department of Customs

Vietnam's export of paper and paper products in October 2021 is estimated at 140 million USD, down 1.9% compared to September 2021 but up 17.3% compared to October 2020. Generally, in the first ten months of 2021, Vietnam's export of paper and paper products is estimated at 1.36 billion USD, up 15.7% over the same period in 2020.

According to statistics from the General Department of Customs, in the first nine months of 2021, Vietnam's paper and paper product exports reached 1.12 billion USD, up 15.2% over the same period in 2020. Export of paper and paper products in September 2021 reached 133.3 million USD, up 0.1% compared to August and up 14.9% compared to September 2020.

In the first nine months of 2021, Vietnam majorly exported paper and paper products to the US and China markets, accounting for 48.3% of the total export turnover. Paper and paper products export of this product to the US market increased 30.9% over the same period in 2020; in contrast, exports to the Chinese market decreased by 10.9%.

In general, in the first nine months of 2021, exports of paper and paper products to some markets increased, such as Cambodia, Taiwan, Indonesia, Malaysia, etc., compared to the same period in 2020. In contrast, exports to some markets such as Japan, Singapore, Germany, UAE decreased.

In September 2021, the export of paper and paper products to some markets increased sharply, such as Indonesia, up 74.8%; the Philippines increased by 55.4%; Australia increased by 38.6% over the same period in 2020.

The US is Vietnam's largest export market for paper and paper products, accounting for 27.3% of total export turnover.

The US is a market with a huge demand for importing paper and paper products, with an annual import turnover of about 15-17 billion USD. In the first eight months of 2021, the import of paper and paper products to the US has reached over 10.7 billion USD.

The US market

Currently, Vietnam is the 7th largest source of paper and paper products to the US out of 161 countries and territories supplying this product to the US, accounting for less than 2.6% of the market share.

With the US's reduction in imports of paper and paper products from key markets such as Mexico, South Korea, etc., Vietnamese paper companies stand before a chance of expanding their market shares in the US, especially since the latter has been increasing its import volume of paper and paper products from Vietnam recently.

Paper import

According to calculations from the General Department of Customs, in the first nine months of 2021, imports of paper and paper products into Vietnam reached 1.56 billion USD, up 32.5% over the same period in 2020. In which, accounting for 77.4% of the total import turnover of paper and paper products are paper products of all kinds.

Import of paper of all kinds into Vietnam in September 2021 reached 131.4 million tons, turnover was 133.7 million USD, down 18.3% in volume and 16.5% in turnover compared to August 2021; down 20.1% in volume, but up 0.8% in turnover compared to September 2020.

Top 10 Vietnam’s paper and pulp importers

(First nine months of 2021)

 

Top 10 Vietnam’s paper

Source: The Ministry of Industry and Trade

You may also like

US – China trade war: Vietnamese enterprises face challenges
Thursday 09, 04 2020

US – China trade war: Vietnamese enterprises face challenges

Despite the expectation to benefit from the US – China trade war, Vietnamese...
A high trade surplus is not necessarily good
Friday 10, 01 2020

A high trade surplus is not necessarily good

Data that the General Statistics Office has just released shows that Vietnam's...
294
305
+84 981861066