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Vietnam ATTAR imports data | Global import export data
Complete Detailed Competitor Analysis through our latest ATTAR Import Data of Vietnam 2021. Find detailed Vietnam Import Data statistics consisting of the name of ATTAR device importer in Vietnam with Date, HS code, Product Details, quantity, Unit, Total Value in USD, Country, port Loading & unloading, buyer and more shipping information details below. Vietnam Trade Data, enables you to access data of over 200+ countries at a single platform. Switch to Vietnam Trade Data and schedule your demo today for best and most precise data for your business. https://vietnamtradedata.com/search/type-import/product-ATTAR
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Vietnam Importer of PVCVietnam is one of the biggest manufacturing and trading countries in South East Asia due to increased economic growth and industrialization in the country in the 21st century. As for such industries, PVC utilization has especially been realized. This versatile material is used in constructing buildings, packing, automotive and electric industries, among others, is gradually being imported to serve a fast-growing economy of Vietnam.
This blog will let you know the importance of PVC in Vietnam industries, the key market players of Vietnam and the major exporters and importers of PVC. Key Highlights:- The total value of PVC imported by Vietnam between Sep 2023 - Aug 2024 is approx $46 billion. - PVC’s major exporters include the People’s Republic of China, Japan, Taiwan and Indonesia.
- PVC has the HSN code 39041092.
- PVC is widely applied in many sectors for construction purposes, packing industries and automotive industries and many more.
Properties of PVC and Their Uses
PVC is majorly used for construction, packaging and automotive in Vietnam. It is used majorly in applications such as:
Construction Materials: The most common application of PVC is in the fabrication of pipes; window frames; floor tile and roofing sheets etc.
Packaging: In packaging, it functions as a flexible film or a rigid container and so qualifies as a useful material in packaging.
Automotive: Automotive application of PVC includes interiors, wire insulation and underbody coatings.
Electrical and Electronics: PVC provides great insulation characteristics thus it is most commonly used in electrical cables and fittings.
Healthcare: PVC is also used in the manufacturing of medical products like IV bags, tubing, and gloves.
According to Vietnam PVC import data, PVC has many uses and, thus, it is vital to many of Vietnam’s rapidly advancing industries. The Demand for PVC in VietnamAccording to Vietnam import export data, the reason behind the import of PVC in such a large quantity is mentioned below:
1. Construction Industry Boom
The construction industry in Vietnam has been rapidly growing primarily due to the expansion of infrastructure brought by urbanization. The government has set up extensive infrastructure requirements in the form of roads, bridges, housing structures which has led to utilization of PVC material like pipes, profiles and sheets etc.
2. Growing Manufacturing Sector
In today’s time, Vietnam is one of the leading manufacturing power houses in the world especially in electronics, textiles and automobiles. These sectors need PVC for different parts including electrical wiring and synthetic leather.
3. Packaging Industry Expansion
The food and beverage industry has benefited from this by extending their packaging life and reduced weight. Making PVC as the material at the center of cost-efficient packaging makes PVC an indispensable resource in the sector.
4. Export-Oriented Economy
Vietnam’s economy is dependent on industries in the agriculture and seafood sectors that require premium quality PVC for safe packaging in accordance with global standards.
Market Players of PVC Imports in Vietnam
As per Vietnam import data, several entities play an essential role in Vietnam’s PVC import industry, few are:
Importers and Distributors: Some of the local firms that supply and distribute PVC to other businesses users across different sectors.
Global Suppliers: Purchasers have focused on preserving the technological forefront and reasonable pricing in the supply chain which is controlled mainly by Asian nations including China, South Korea, and Japan.
Industry Associations: Vietnam plastics associations help in trade and market connection among interest groups.
Government Entities: Importation standards, tariff and certification is controlled and regulated by various bodies to make sure that PVC products in the market are safe to use. Major Exporters of PVC to Vietnam. According to Vietnam trade data, there are a total of 26 countries that supply or export PVC to Vietnam. The major countries list is mentioned below: 1. China 2. Taiwan 3. Indonesia 4. USA 5. South Korea 6. Thailand 7. Malaysia 8. Japan 9. Singapore
Difficulties Encountered in PVC Import Business
Despite its promising growth, the PVC import sector in Vietnam faces several challenges. Few of the challenges are:
1. Fluctuating Global Prices
Costs such as the raw materials and productive abilities depend on the market forces and other geopolitical factors whereby the prices of PVCs are not exempted. Such fluctuation can be of great concern to the profit margin of importers and distributors of the products.
2. Regulatory Compliance
Vietnam fixes very serious quality and health check points to standardise quality PVC products to discourage importation.
3. Supply Chain Disruptions
Issues such as global outbreaks of COVID-I9 and other conflicts have exposed weaknesses in supply chain management. On the other hand, there are issues like, delay in shipment/transport, shortage of containers, and high transport fare are issues that bother PVC importers.
4. Environmental Concerns
PVC production and disposal have become a major issue, so they have received much attention from consumers and authorities. That is why it is necessary for the importers to consider that the products they import are environmentally friendly and meet the main eco requirements.
How to begin the Importation of PVC Plastic products in Vietnam?
For global suppliers and new entrants looking to capitalize on Vietnam’s growing demand for PVC, the following steps can guide their market entry:
Market Research: Take your time to find out the potential from demand and supply side and key players in the market as well as legal requirements for the emerging market. For accurate and precise data, you can hire Vietnam Trade Data. Our platform is a Vietnam import export data provider who enables you to access data from across 200+ countries.
Regulatory Compliance: To avoid any hindrances when dealing with imports it is important to familiarize with the regulations, certifications and standards in relation to importing.
Building Partnerships: Maintain good relations with suppliers in the country, manufacturers, and relevant associations.
Investing in Marketing: Advertise your products as being affordable, of high quality, and from sustainable sources to be able to lure customers.
Leveraging Technology: Avail and apply digital technologies in supply chain operations, and improve customer interactions. Conclusion:Finally, Vietnam has become a large market for Polyvinyl Chloride (PVC) due to its increasing industrialisation and diverse economy. It can’t be unnoticed that PVC is now greatly involved in construction and packaging, automotive and many other industries that are quickly growing in the country. Vietnam is still an attractive market for PVC importation, with the challenge of having been decorated by among other factors, fluctuating global prices, including regulatory challenges and environmental factors. Through good alliance and cooperation, compliance with the set rules and regulations, and promotion of innovation, the market holds greater opportunities for civil and commercial businesses. Vietnam presents the proper approach to demand for PVC as a highly profitable opportunity for both international sellers and local dealers.
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Vietnam Trade Data: 2024: A Brief Insight
Vietnam has continued to confirm its position in the global trading system, reshaped its trading partners and faced new challenges even in 2024. Due to its strategic position in international trade and commerce, Vietnam’s economic position and operation has become a centre of focus to investors, policy makers and even the world’s leading economists. This blog focuses on Vietnam’s trade figures in 2024 through comprehensive and evaluated analysis of export/import turnover, main partners, sectors, and impact of the global economy policy on Vietnam. Key Highlights: - The growth of imports contributed to an increase in surplus of $2 billion in October 2024.
- The exports rose by 14.9% to $335.59bn in January-October 2024.
- Vietnam’s export market in 2024 is made up of Electronics, Textiles, Footwear, Agriculture products.
- Vietnam will shine in global commerce in 2024: U.S., China, EU, and Southeast Asia.
- Trade risks encompass the potential of the U.S. preparing to impose tariffs, shifts in supply chain and regional trade agreements.
Trade Balance and General Behavior
According to Vietnam trade data, Vietnam’s trade showed a surplus of $ 2 bln in October 2024, the lowest value since May due to the faster import growth. Export rose to $ 25.4 billion at an annual rate of 10.1 while imports stood at $ 39.5 billion at an annual rate of 13.6. About 93.6% of the total general import included raw materials to be used for manufacturing purposes. Exports of goods were up to $335.59 billion from $295.12 billion, a 14.9% rise for the period of January-October while imports were up by $312.28 billion from $269.22 billion a 16.8% increase.
Major Export Commodities
As per Vietnam's export data in 2024, Vietnam has been dominated by several key commodities:
Electronics and Electrical Products: This category such as computers and smartphones remains one of Vietnam’s most significant exports, this being occasioned by the influx of large amounts of foreign direct investments besides the transfer of production facilities by other countries.
Textiles and Garments: The textile sector continues to be a major participant, Vietnamese apparel products also enjoying popularity in other demanding markets such as the United States and the European Union.
Footwear: Vietnam has established itself as a strong player in the global footwear exports market, and you will find shoes in the luxury and the economy segment.
Agricultural Products: Products like coffee, rice and seafood still remain the key export products area with export giving direction for increase in flow from Asia and Europe. Major Import Commodities
As per Vietnam import data, Vietnam's primary commodities include:
Machinery and Equipment: Also required for developing the manufacturing and construction industries that are still emerging in this country.
Raw Materials: Which are fabrics, plastics and metals required for the manufacture of exported products in Kenya.
Consumer Goods: As the income of the country increases, there has also been enhancement of the import of luxury and consumer goods to satisfy the arising demands within the country.
Key Trading Partners
Vietnam's trade relationships have been both diverse and strategic. Few of the trading partners are listed below:
United States: The U.S. is still one of the leading importers of Vietnamese products especially electronics, textiles and garments and footwear.
China: As a major importer where Vietnam sources most of its imports particularly inputs and capital goods and as a fast growing market for Vietnamese agricproduct.
European Union: Thanks to the signed EVFTA trade has improved with the EU remaining one of the largest markets for Vietnamese products.
ASIAN Countries: Where regional trade is concerned, Southeast Asia has not lagged behind and has been driven by treaties that facilitate trade by expunging the tariff barriers. Top Imports & Exports Companies in Vietnam
According to Vietnam import export data, the Vietnamese trade environment has various domestic and international firms that contribute to exports and imports of different products. Below is an overview of prominent companies involved in Vietnam's trade activities in 2024:
Top Exporting Companies in Vietnam
Samsung Electronics Vietnam
Industry: Electronics and Technology
Exports: Cooking appliances, Refrigerators, air conditioners, and computer racks.
Vingroup
Industry: Automobiles and Real Estate
Exports: Vietnamese automobile company VinFast electric vehicles (EVs).
Industry: Energy
Exports: Petroleum and its derivatives – Crude oil.
Tan Thanh Cong Textile Garment Investment Trading JSC
Industry: Textiles and Garments
Exports: Apparel and textiles.
Industry: Seafood
Exports: Shrimps, fish and other marine creatures.
Vietnam’s main importing companies
LG Display Vietnam
Industry: Electronics
Imports: Others named it display components and technologies.
Hoa Phat Group
Industry: Products for construction and manufacturing industry
Imports: The materials used for iron making and production of steel.
Unilever Vietnam
Industry: Consumer Goods
Imports: Products and packaging materials for personal care as well as household uses.
Toyota Vietnam
Industry: Automobiles
Imports: Vehicle parts and components.
CP Vietnam Corporation
Industry: These sub-sectors include; Agriculture and Foods Production.
Imports: Products that it feeds to animals and agriculture related machinery. These companies actually depict the diversification of Vietnam trade departments especially in technology, agriculture, textiles among others. Not only do they influence the country's export-import figures but also the image of Vietnam as an up and coming favourable trading partner.
Want to Acquire more Vietnam Trade Data?If you wish to acquire more Vietnam trade data, visit Exim Trade Data, a trusted global import export data provider which enables you to access precise and accurate data from over 200+ countries.
Effects Of International Economic Systems
The global economic environment in 2024 has presented both opportunities and challenges for Vietnam. Let’s discuss the challenges and opportunities in brief:
U.S. Trade Policies: Potential for more protectionism from the U.S. has been added into the equation. Vietnam has a trade surplus with the U.S. and in turn the fear over possible tariffs or trade barriers.
Supply Chain Shifts: Continuous political conflicts around the world have forced large enterprises to spread their factories, and Vietnam has become one of the ideal locations for investment.
Regional Trade Agreements: Vietnam has improved the outlook of its trade because of joining agreements such as the Regional Comprehensive Economic Partnership (RCEP) that interrupts the difficulties in trade from various nations. ConclusionIn 2024, Vietnam will continue to show its strength and flexibility of trading by taking its geographical advantage and diverse trading partners. Despite various barriers, which include shifts in the world economy and changes in trade partnerships, the international buying and selling of goods by Vietnam remains strong as it focuses on its strength in sectors like electronics, textiles, and agriculture. Increased cooperation with the leading trade partners including the US, China and the EU has strengthened its position in trade while regional integration through agreements has deepened within the Asian region. While following through its economic programs, Vietnam is potentially rated to be an ideal regional destination in their economic mapping to attract local and international investors, policy makers and stakeholders.
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