Washington D.C.— The Plastics Industry Association (PLASTICS) has released an official analysis on Vietnam’s growing impact in U.S. plastics trade, authored by PLASTICS Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “Vietnam ranks as the 19th largest export market for U.S. plastics. However, it is the 8th largest source of plastics imports into the U.S. in 2023. Specifically, in plastic products, Vietnam ranks as the 4th largest import source, following China, Mexico, and Canada, and surpassing South Korea and Taiwan, both of which have significant shares in the U.S. plastic products market. Last year, imports of plastic products alone from Vietnam totaled $2.3 billion.”
Click here to read the full analysis on the PLASTICS blog page.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.
