Vietnam is the Southeast Asian economy of the Indochinese peninsula. It has 1900 miles of coastline which giving it a gainful edge for port infrastructure. There are around 320 major import export ports in Vietnam which are increasingly serving an important role in global trade. Vietnam's container traffic has grown by three percent on year by year bases. One of the primary reasons for the growth is the free trade agreements Vietnam has signed with the United States and European Union in 2016. It is also a member of an active ASEAN trade bloc.
With the high number of supply value chain shift to Vietnam, shipping demands are increasing in the country.
The major import ports of Vietnam include Hai Phong, Da Nong, Qui Nhon, and Ho Chi Minh City. The Vietnam Port Association (VPA) provides the updated Vietnam ports data.
The Vietnam import port data revealed the top imports that are integrated circuits ($15.6B), telephones ($10.2B), refined petroleum ($7.23B), electrical parts ($4.69B) and light rubberized knitted fabric ($4.51B). Vietnam’s top import origins are China ($70.6B), South Korea ($47.7B), Japan ($13.1B), Singapore ($11.8B) and Hong Kong ($10.1B). Its total imports estimate was $255.8B in 2018.
The data from the major export ports in Vietnam showed that in 2018 Vietnam exported $244.72B making it the 21st largest exporter in the world. Its exports recorded $24.2B in October 2019. Some of the major exports of Vietnam are broadcasting equipment ($30.7B), telephones ($14.9B), integrated circuits ($14.6B), textile footwear ($9.5B), etc. Vietnam export ports data highlighted the top export destinations of Vietnam; the United States ($46.2B), China ($39.9B), Japan ($18.1B), South Korea ($16.1B) and Germany ($10.9B).
Vietnam trade data whether export or import data is crucial for anyone keen in trading with this Southeast Asian economy. The information about the major imports exports in Vietnam will make the traders understand the current trade conditions and regulations of Vietnam. Altogether the traders require a conducive trade environment for the enhancement of their trade business.
Nowadays, the Vietnamese government is eagerly working on the development of the ports' infrastructure. Two new container terminals are planned to be built at Hai Pong Port followed by the Lach Huyen International Gateway Port which is currently under construction.
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