Vietnam’s Plastic Pain May Be India’s Gain as Waste Streams Divert From China — Panjiva
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Vietnam’s Plastic Pain May Be India’s Gain as Waste Streams Divert From China

Ags - Forestry 136 China 3063 Energy - PetChem 33 India 563 Materials - Chemicals 280 Materials - Construction 121 Materials - Metals/Mining 803 Metals - Aluminum 275 Metals - Copper 82 Metals - Steel 548 U.S. 5418 Vietnam 418

Vietnamese port authorities are starting to restrict imports of scrap plastic and paper due to a surge in diversions from China. That was caused by the latter applying tighter rules to its imports, resulting in a 96% jump in shipments of scrap plastic to Vietnam from the U.S. in the first quarter vs. a year earlier. Vietnam now accounts for 11% of shipments whereas China has fallen to 14% from 74%. Paper waste meanwhile has also been diverted to India which saw a 96% increase in imports from all suppliers in the first quarter. Indeed India looks set to be a significant destination for...

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