as per vietnam exports shipment data, the top 10 vietnam major exports products in 2021 were telephones (8.4%), transmission parts, portable receivers (7.9%), electronic integrated circuits (3.28%), semi-finished iron non-alloy steel (2.12%), other transmission apparatus (1.85%), nuclear reactors, boilers (1.5%), footwear with outer soles of Table reflects only those months for which there was trade. VOV: https://vovworld.vn/en-US/current-affairs/us-vietnams-largest-export-market-930843.vov, VOV: https://vovworld.vn/en-US/news/the-us-is-vietnams-biggest-export-market-968890.vov, Worldometers: https://www.worldometers.info/world-population/vietnam-population/, PRC-briefing: https://www.china-briefing.com/news/vietnam-overtaking-china-us-export-manufacturing/, Macro Trends: https://www.macrotrends.net/countries/VNM/vietnam/economic-growth-rate, Tuoi tre News: https://tuoitrenews.vn/news/business/20210414/vietnam-economy-to-expand-7-annually-in-202122-fitch-ratings/60368.html l, Saigoneer: https://www.saigoneer.com/vietnam-news/20216-imf-predicts-vietnam-s-economic-growth-rates-will-top-asean-in-2022, Congressioal Research Service: https://fas.org/sgp/crs/row/IF11107.pdf, Congressioal Research Service: https://crsreports.congress.gov/product/pdf/IF/IF11753, Census: https://www.census.gov/foreign-trade/balance/c5520.html. Vietnam Total exports to India Total exports data of Vietnam to India, India Total import from Vietnam with product , price and quantity, date of shipment as declared in customs on bill of entry and shipping bill - Voleba.com Strong GDP growth expected to continue for the medium-term. Official websites use .gov USA holds the top position accounting for 23 % of the export with a value of 61 billion USD. Arabica coffee export in Vietnam accounts for merely 4% to 5% of Vietnam's total coffee production. An official website of the United States government. Export duties must be paid within 30 days of registration of customs declarations. . A 2020 survey by AmCham and Economic Research Institute for ASEAN and East Asia (ERIA) in the ASEAN region revealed that 61.54 percent of U.S. firms are considering shifting operations to Vietnam from PRC, making Vietnam the most frequently cited alternative out of all ASEAN countries. In 2021, goods with a value of around 335.93 billion U.S. dollars were exported from Vietnam. Share sensitive information only on official, secure websites. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. . Over the past few years, Vietnam has been active in signing bilateral trade agreements with countries throughout the world. In 2019, Vietnams GDP growth was more than 7 percent, and 2020 marked a growth rate of 2.9 percent, placing Vietnam among a handful of nations globally that reported positive economic growth amid the pandemic. Vietnam's total exports in 2021 came in at 336.31 billion USD, while its imports rose 26.5% to 332.23 billion USD, resulting in a trade surplus of 4.08 billion USD Vietnam Customs Department, 2022). Vietnam Exports mostly to the United States and China. On the other hand, within 7 years of the EVFTA coming into force, the EU will remove 99,2% of tariff . Exports of goods and services (annual % growth), Exports of goods and services (constant LCU), Exports of goods and services (constant 2015 US$), Exports of goods and services (current LCU), Exports as a capacity to import (constant LCU), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Among Vietnam's key export staples, phones and parts are predicted to gross the largest export turnover during the January-November period with US$46.9 billion, down 3.4% . Secure .gov websites use HTTPS Month Exports Imports Balance; January 2021 : 900.0 . Vietnam's Ministry of Industry and Trade forecast that the country's exports will continue to rise, largely driven by the global economic recovery and new free . Among Vietnam's key export staples, phones and parts are predicted to gross the largest export turnover during the January-November period with US$46.9 billion, down 3.4% . Net Exports for Vietnam from General Statistics Office of Vietnam for the GDP release. Subsequently, Vietnam's economy achieved strong growth in agricultural and industrial production, construction, exports, and foreign investment, although . Vietnam's total GDP is forecast to increase from USD 270 billion in 2020 to USD 450 billion by 2025, rising to . According to updated figures from the Ministry of Planning and Investment (MPI) recently reported to the government, since 2011, Vietnam's export turnover soared from US$93.6 billion in 2011 to US$263.5 billion in 2019. Vietnams demand for feed ingredients will continue to grow as the livestock sector benefits from an expected return of the food and hospitality sectors. There were around 44 million shipments as per our Vietnam exports shipment reports. Download Free Sample Vietnam Export Data by Country, HS Code, Product Details, Unit, Price, exporter name, and port of loading/unloading shipping information. Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent). Large population of over 98 million consumers. Vietnam's major exports to EU. This site contains PDF documents. Reach out to the genuine suppliers and exporter companies through our Vietnam Importers Data. 1401 Constitution Ave NW A locked padlock ) or https:// means youve safely connected to the .gov website. Vietnam exports for was $0.00B, a NAN% decline from . During the 11-month period, Vietnam had 31 export items earning more than US$1 billion each, accounting for 92% of total exports, and six with over US$10 billion, or 64.3%. The United States continues to work on market access for U.S. grapefruit, lemons, mandarins, and stone fruit. In the first quarter of 2022, Vietnam's exports increased by 13.4% from the previous year to hit USD 89.1 billion while imports reached USD 87.6 billion, up 15.2% year-on-year. The fastest growing middle and affluent class in the region, providing the right demographics for growth and receptivity to U.S. products and services. Samsung Electronics, Samsung Display and Intel Products were top 3 Vietnam export companies in 2021 with a total export value of 74.11 Billion US Dollars. Vietnam improved its meat and poultry facility registration process and restarted its approval process for biotechnology products. Vietnam is predicted to surpass Brazil and become the leading country to export coffee. During the last 24 years the exports of Russia to Vietnam have increased at an annualized rate of 11.8%, from $122M in 1996 to $1.78B in 2020. Vietnam's garment industry is expected to face a decline in orders from its key markets over the next two quarters, the country's textile and apparel association said on Monday, amid high inflation that is dampening global demand. . The US also had the second-highest import-export turnover with Vietnam at US$100 billion, followed by China. Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent). Vietnam is an essential member ASEAN countries. This was by far the largest increase out of our major trade partners, and not just in percentage terms. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Communication Technologies, Power Generation, Transmission, and Distribution, Licensing Requirements for Professional Services, Office of the United States Trade Representative. Vietnam's Top 10 Exports World Bank national accounts data, and OECD National Accounts data files. The General Statistics Office of Vietnam also provides live animal numbers as of October 1. We help you discover top Vietnam exports, export trade partners, and top Vietnam exporter companies. Vietnam had exported apparel worth $14.284 billion in 2021 which was 45.78 per cent of its total exports of $31.201 billion, as per TexPro. To learn more about cookies, click here. Source: VIRAC. Vietnam also granted market access for U.S. sorghum, oranges, and blueberries. Exports of marine fish decreased by 5% to nearly $70 million and accounted for 17% of total seafood exports. Official customs data indicates total exports of all fishery products in 2020 was $8.4 billion, making catfish exports a substantial contributor to aquaculture and fishery export values. With a young, highly educated population and significant foreign direct investment, Vietnam is expected to recover quickly from the current global economic downturn. U.S. raw materials that are inputs to Vietnams textile, manufacturing, and livestock sectors face zero or low tariffs, but have seen recent growth stymied by COVID-related restrictions. The statistic shows the value of goods exported from Vietnam from 2011 to 2021. U.S. total exports of agricultural products to Vietnam totaled $3.4 billion in 2020, our 7th largest agricultural export market. Vietnam has been one of the world's fastest growing emerging markets in the past decade, boosted by strong foreign direct investment inflows into its manufacturing sector. A tuna export company reported that its total export turnover in the first nine months of the year reached $181 million, of which the EU market brought $46.8 million. Vietnam exports 2022 data reports suggest that there was around 9.46% increase in exports as compared to previous year. In 2018, Vietnam's exports per capita were $2.86k and its imports per capita were $2.65k. Source: U.S. Census Bureau Trade Data - BICO HS-10. . For the fiscal year 2021, Vietnam was the 18th largest importer and 29th largest exporter in the world.Vietnam total import value was around 408.33 Billion U. As well, the planted area of Arabica coffee accounts for only 6% of the entire region. Hanoi (VNA) - Vietnam earned nearly 336.25 billion USD from exports in 2021, up 19 percent from the previous year, the Ministry of Industry and Trade (MoIT) reported on January 9. Vietnam started 2021 with an expected economic growth rate of 6.5 percent, before climbing to 7.2 percent to stand first among ASEAN countries in 2022, according to the International Monetary Fund. Discover Top Vietnamese Exporter Companies from our Vietnamese Exporters Directory, All Right Reserved by Exim Trade Data | Copyright @2021-2022, Vulcanized rubber sheet Anana Comfort High Z (latex foam) used in the production of shoe soles. Due to the heavy demand from the manufacturing companies, Vietnam exports its wide range of products to foreign countries. USA was the largest market for exports from Vietnam in 2020 ($ 77 billion or 27% of total exports). Exim Trade Data provides the best research platform for Vietnamese market research. Vietnam Export Data statistics of 2021 suggest that Vietnam exports were around 413.28 Billion USD. Vietnam Major Exports. Ibrahim Khalil June 26, 2022. by Ibrahim Khalil June 26, 2022 0. Compared to the same period in 2021, the export of plastic products to this market increased by 28.9%. . Vietnam's total export turnover was estimated at US$ 143.36 billion, representing a year-on-year growth of 29.67 percent, according to the Vietnam Customs. According to an analysis of exports data, the country exported around 78 percent of its apparel to 5 countries including Japan, South Korea, China and Canada. Goods exports grew up by $ 16.8 billion in 2020 (the value of merchandise exports from Vietnam amounted to $264 billion in 2019) Exports | Vietnam Export destinations of commodities from Vietnam Open This page provides forecast and historical data, charts, statistics, news and updates for Vietnam Net Exports. Political stability in a region known for its uncertainty. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. A lock ( HANOI Vit Nam posted a trade surplus of US$9.4 billion in the first ten months of 2022, compared to $630 million in the same period last year, according the General Statistics Office (GSO).. Line Bar Map. As per our latest Vietnam Import Data of 2021, Vietnam imported goods worth $408.33 Billion. During the 11-month period, Vietnam had 31 export items earning more than US$1 billion each, accounting for 92% of total exports, and six with over US$10 billion, or 64.3%. This Country Commercial Guide is intended to introduce U.S. exporters to doing business in Vietnam and provide the foundation necessary for a firm to take the initial steps needed to pursue business here. U.S. export of agricultural products account for 30-40 percent of total exports to Vietnam, and the country remains a top ten market for U.S. food and agricultural products and it is the fastest growing market in the top ten. Vietnam's textile, garment and footwear exports witness a sharply 30% YoY growth in the first half (H1) this year. In 2020, the largest share of Vietnam's exports belonged to phones and parts, accounting for 18.1 percent of the country's total exports. Merchandise trade statistics do not cover goods in transit . Top five reasons why U.S. companies should consider exporting to Vietnam: Since the launch of Doi Moi (Renovation), in 1986, Vietnam has moved from a subsidiary economy towards a globally integrated, socialist oriented market economy.
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