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Bilateral Trade data between India and Vietnam – Major Imports and Exports

India and Vietnam enjoy a strong bilateral relationship with trade and cultural links dating back to the 2nd century.  India granted most favored nation status to Vietnam in 1975. The Indo-Vietnam Joint Business Council has worked to promote business relationship between the two nations since 1993. Bilateral trade between the countries has increased since they have both liberalized. India Trade data the total trade between the two nations is approximately 13.7 billion dollars registering an increase of 6.76% since last year.  Vietnam is India’s 19 largest trade partner and the 11th largest export destination globally. Vietnam is India’s fourth largest trading partner in ASEAN.  The two countries aim to increase their bilateral trade to 15 billion dollars till 2020. India sees a major role for Vietnam in its “Act East” policy.

India’s export data shows that the total export between the two countries amounted to 8.17 billion dollars. India exports a lot of agricultural commodities to Vietnam. Some of the top exports to Vietnam are -

  • Meat and Edible meal offal accounting for 27% of the total exports
  • Frozen fish, prawns and aquatics invertebrates 17% of the total exports
  • Cotton 7.5% of the total exports
  • Coffee, tea and spices accounting for 4.9% of the total exports

According India import data the total imports between India and Vietnam was 7.22 billion dollars.   The top imports from Vietnam are - 

  • Electrical and Electronic equipment accounting for 49% of the total imports
  • Inorganic chemicals, precious metals and isotopes accounting for 7.4% of the total imports
  • Copper accounting for 6% of the total imports
  • Machinery, nuclear reactors, and boilers accounting for 4.9% of the total imports

Vietnam import data shows that India contributed 4% to the total Import to Vietnam. The data shows that besides agricultural imports other significant imports from India are - 

  • Iron and Steel
  • Pharmaceuticals
  • Machines and Machinery
  • Plastics

The main port in Vietnam used for imports are Phong, Da Nang, Qui Nhon, and Ho Chi Minh City.

Vietnam Importers Data is vital information for anyone wanting to sell their products in Vietnam. The data is taken from the shipping manifest. You can get their contact information, products they deal in and the countries they import form. This information can be used both by exporters and by manufacturers to formulate their strategies.  Some Vietnam Importers are - 

  • Tai Nguyen Seafood Co., Ltd.
  • Thaibinh Cotton Co.
  • Khakiya Company Limited
  • Advance Vietnam General Services and Trading Comp

Seair Exim Solutions is one of the well-known export import data provider organization in India. It offers updated, genuine, real, actual, trusted and reliable international trade data of more than 80 countries such as India, USA, Russia, China, Mexico, Peru, Indonesia, Pakistan, Vietnam, etc. Our major services are USA import data, Indian import data, export data India, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HSN code list, HS code search, HS code finder, sac code list, sac code finder, custom duty in India, custom import duty India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website – seair.co.in.

For free sample data report and free live demo data search contact us-

Phone No: +91-11-41325515, + 919990020716

Email Id- info@seair.co.in

  • Seair Exim
  • 22-Nov-2019

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