Vietnam's exports of chemicals and chemical products to China have been on a steady upward trajectory. In 2023, the value of these exports stood at $2.808 billion USD. Forecasts indicate substantial growth, with projected values reaching $2.9229 billion in 2024, $3.0811 billion in 2025, $3.2361 billion in 2026, $3.388 billion in 2027, and $3.5369 billion in 2028.
Year-on-year variations show significant positive trends, with a 6.8% increase between 2024 and 2025, a 5.0% increase between 2025 and 2026, a 4.7% increase between 2026 and 2027, and a 4.4% increase between 2027 and 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.9%.
Future trends to watch for include potential shifts in trade policies, changes in demand for specific chemical products driven by advancements in technology and manufacturing, and competitive dynamics in the global chemical industry. Additionally, China's emphasis on sustainability and environmental regulations may influence the types of chemical products that see heightened demand.
