Vietnam Imports and Exports Data

Vietnam in the eastern portion of South Asia has a population of 96 million that resides majorly in the urban areas. The abundance of natural beauties there ranging from valleys from the north of the Red River extending up to its south into Laos along with the principal physiographic features like the Annamese Cordillera grabs the attention of the visitors. Along with the excavating landscapes and physiographic features the enchanting beaches of the nation like My Khe Beach in Da Nang, or Mui Ne, Nha Trang contribute to the tourism sector to account for the growth of the economy.




 

The tropical climatic zone of the region in its highlands and valleys contributes to the vegetation for more agricultural imports and exports. The forest areas of the central highlands are rich in dense greenery and evergreen forests which maintain a mid-arid climate in the nation and promote the agricultural sector by increasing the fertility of the soil. The contribution of the agricultural sector along with, industries and finance together has recorded a GDP of 375 billion US dollars in 2023. The country has a rich history related to the Vietnamese tradition which is mainly followed by the ethnic Vietnamese of the lowlands.

 

TOP IMPORTS AND EXPORTS OF VIETNAM 2023

 

Imports and exports of the nation are the supreme controllers of sustainable economic growth. The Vietnamese Industries used to import necessities like equipment for electronics manufacturing and agricultural products for domestic consumption to maintain a steady growth in its trade rate. As per the Vietnam Import Data, the import and export trade values of the nation’s top trade products are discussed below,

 

          Imports                                                                                         Exports

1.       Electronics (96) - $67 billion                                          1. Electrical equipments (96) - $134 billion

2.       Machinery (84) -$33 billion                                           2. Textiles (59) - $41 billion

3.       Petroleum products (27) - $31 billion                            3. Footwear (64) - $22 billion

4.       Plastics (95) - $18 billion                                               4. Furniture (94) - $12 billion

5.       Iron and steel (72) - $15 billion                                     5. Jewelry (71) - $11 billion

6.       Organic chemicals (29) - $14 billion                             6. Rubber Products (39) - $9 billion

7.       Fabricated metals (94) - $13 billion                              7. Iron and steel (72) - $8 billion

8.       Automobile (87) - $12 billion                                       8. Vegetables (07) - $6 billion

9.       Optical instruments (90) - $10 billion                          9. Seafood (03) - $5 billion

10.   Electrical machinery (85) - $9 billion                          10. Plastic (84) - $4 billion

TOP IMPORT AND EXPORT PARTNERS OF VIETNAM 2023

 

Import and export partners balance up the overall trade economy of the nation by attaining stability in the consumption and production rate. Export partners puts a positive impact on the overall economy of the country’s health by increasing its revenue rate whereas the import partners contribute to the productivity rate by filling up the required necessities for exports. As per the Vietnam Trade Data, the import and export trade destinations of the nation in 2023 are discussed below with its annual revenues.

Import Partners                                                                                        Export Partners

1.       China - $101 billion                                                                            1. United States - $80 billion

2.       South Korea - $52 billion                                                                   2. China - $60 billion

3.       Japan - $19 billion                                                                              3. Japan - $50 billion

4.       United States - $18 billion                                                                 4. South Korea - $30 billion

5.       Thailand - $16 billion                                                                        5. Hong Kong - $20 billion

6.       Singapore - $12 billion                                                                      6. Germany - $18 billion

7.       Taiwan - $9 billion                                                                            7. Australia - $16 billion

8.       Malaysia - $8 billion                                                                         8. Taiwan - $11 billion

9.       Germany - $6 billion                                                                         9. Singapore - $10 billion

10.   Indonesia - $5 billion                                                                        10. UAE - $8 billion

TOP TRADED AGRICULTURAL GOODS OF VIETNAM

For the processing industries that used to export agricultural products, the main source of raw materials is the cultivation sector which contributes to the economy at a major rate. The vast agricultural sector of the nation employs more than 40% of the total population residing there and accounts for 18% of GDP share. As per the Vietnam Export Data, the top 10 agricultural trades of the nation are discussed below,

  • Seafood (HS Code - 03) – The total annual export trade value of 2023 – 9 billion US dollars
  • Coffee (HS Code- 09) – The total annual export trade value of 2023 –  6 billion US dollars
  • Rice (HS Code - 10) – The total annual export trade value of 2023 – 4 billion US dollars
  • Fruits and vegetables (HS Code - 07) – The total annual export trade value of 2023 – 2.2 billion US dollars
  • Cashews (HS Code - 20) – The total annual export trade value of 2023 – 2 billion US dollars
  • Rubber (HS Code- 40) – The total annual export trade value of 2023 – 1.5 billion US dollars
  • Tea (HS Code - 09) – The total annual export trade value of 2023 – 1 billion US dollars
  • Cassava (HS Code- 07) – The total annual export trade value of 2023 – 800 million US dollars
  • Pepper (HS Code- 09) – The total annual export trade value of 2023 – 500 million US dollars
  • Livestock Products (HS Code - 01) – The total annual export trade value of 2023 – 400 million US dollars

TOP LEADING PRODUCERS OF VIETNAM 2023

The entire global trade market of the nation is in control of the productivity rate of the companies residing there. The limited production capabilities of certain products account for more imports whereas the maximum production range boosts the economic standards. As per the Vietnam Customs Data, the top 10 producing companies of the nation with trade values of 2023 are discussed below,

 

  • Samsung Electronics Vietnam Co., Ltd – Trade value of 2023 – 65 billion US dollars
  • Viettel Group – Trade value of 2023 – 43 billion US dollars
  • VinFast LLC – Trade value of 2023 – 11 billion US dollars
  • Vietnam National Oil and Gas Group – Trade value of 2023 – 10 billion US dollars
  • FPT Corporation – Trade value of 2023 – 8 billion US dollars
  • Vietnam Dairy Products Joint Stock Company – Trade value of 2023 – 2 billion US dollars
  • Toyota Motor Vietnam Co., Ltd – Trade value of 2023 – 1.5 billion US dollars
  • Hoa Phat Group – Trade value of 2023 – 1.4 billion US dollars
  • Vingroup Joint Stock Company – Trade value of 2023 –1.2 billion US dollars
  • Truong Hai Auto Corporation – Trade value of 2023 – 1 billion US dollars

Comments

Post a Comment

Popular posts from this blog

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi...
Read more

Importance of Turkey Import Export in Trade Data Business

Are you planning to do trade business with Turkey? If so, it is very important to know the trade dynamics of the country so that you can make informed business decisions. Here comes the need of Turkey Global Import Export Data details on real-time basis for successful international trade expansion. Turkey Import Data is collected of statistical information about each company’s business activities. It is based on the shipping bills, import bills, invoices and other import export documents. The data provides a bird’s eye view of the commodities that are imported or exported in Turkey. The Turkey import and export data contains information about price, HS code, importers’ details, exporters’ details, custom data, shipment data, competitors’ data, product description and quantity. Know the importance of Turkey import export data 1. The authentic and real-time import export data is used to estimate the consumption pattern of Turkey. The businesses can predict the local demand of commoditi...
Read more