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Vietnam All Relevant Import and Export Statistics That You Must Know



Vietnam was an agrarian country, and the majority of its workforce was engaged in agriculture. But according to export data Vietnam, the story of exports started soon after French colonization. The French exported coal from the northern part, rice from the southern part, and french manufactured goods from the entire country. But now a dramatic change has been observed in the exports of this country. This country has not limited its exports of such items but is known for many things as well. It includes mobile phones, textiles, footwear, machinery, etc. If we talk about Vietnam imports, then computer parts, instruments and accessories, iron & steel, fabrics, etc., are the top imports in October 2020.

Export data Vietnam 2020


In 2020, a positive shift of 31.5% was observed in Vietnam exports (since 2019), which amounted to $348B. If we compare this export volume with 2016’s, this country has experienced a growth in export shipments by 97.1%.

Top 10 exports in 2020

As per export data Vietnam, these were the top exported items:
1. Electrical machinery, equipment (44.1%)
2. Machinery including computers (6.9%)
3. Footwear (6.8%)
4. Clothing & accessories (not knit or crochet) (4.5%)
5. Furniture, bedding, lighting, signs, & prefab buildings (4.4%)
6. Knit or crochet clothing & accessories (4.4%)
7. Optical, technical & medical equipment (1.6%)
8. Plastics & plastic articles (1.6%)
9. Fish (1.5%)
10. Rubber & rubber articles (1.3%)

Top 10 trading partners for exports in 2020


According to country-wise trade data, these are the countries that imported a significant ratio of Vietnam exports:

  • United States
  • China
  • Japan
  • South Korea
  • Hong Kong
  • Netherlands
  • India
  • Germany
  • United Kingdom
  • Thailand

Vietnam imports


Apart from exports, Vietnam also accepts imports from various counties to meet the demand of the economy and keep a balance of trade. It includes many Asian and western countries. A rapid growth in imports has been observed. From around $69B (2009), the growth charts spiked up to around $261B (2020).
  

Top 9 trading partners for imports in 2020


China (32% & iports of value $84B)
Korea (17.9% & imports of vlue $46B)
Japan (7.75% & imports of value $20B)
USA (5.26% & imports of value $13.7B)
Thailand (4.18% & imports of value $10.9B)
Malaysia (2.51% & imports of value $6.57B)
Indonesia (2.06% & imports of value $5.38B)
Australia (1.78% & imports of value $4.67B)
India (1.71% & imports of value $4.48B)
 

Top 10 imports in 2020


After compiling demographics related to Vietnam imports, these are the top imports of the year:
Electronic integrated circuits and micro assemblies – 15%
Electrical apparatus for line telephony or line telegraphy – 6.17%
Diodes, transistors &similar semiconductor devices; and photosensitive semiconductor devices- 2.4%
Spare parts for equipment (8529)- 1.76%
Printed circuits – 1.57%
Petroleum oils and oils (crude) - 1.46%
Petroleum oils and oils (other than crude) - 1.44%
 Coal & fuels produced with coal – 1.37%
Flat-rolled products of iron or non-alloy steel (7208) - 1.33%
Other knitted or crocheted fabrics – 1.24%


Trade between Vietnam and India


 Vietnam, which is the world's third-biggest rice exporter, recently imported rice from India due to a hike in prices and the availability of limited supplies for their country. So there is a lot of opportunities for Indian imports. Moreover, if we consider trade relations, it is a bilateral relationship. According to the statistics, this relationship has grown in the past few years and reached $11.12B in the financial year 2020-21. Indian exports amounted to $ 4.99B, and Indian imports amounted to $ 6.12B. 

Top 3 Indian exports to Vietnam in 2020


  • Iron and steel
  • Cotton
  • Frozen meat
 

How to expand your trade business in Vietnam?


If you're looking for the simplest way to find buyers for your Indian export and import business, then you can take the help of Seair Exim Solutions. With our software, you will be able to access shipment records year-wise and country-wise, which will help you find opportunities in different countries. Moreover, a custom report will be created, which will help you to analyze your performance and compare it with your competitors.

  • Seair Exim
  • 20-Dec-2021

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