Vietnam joined the world trade organization (WTO)
in 2007, leading to the massive opening of its national markets promoting
exports and imports globally. Its transformation from a centrally planned
economy to market economy changed it from one of the poorest in the world into
a lower-middle-income country. Today, Vietnam is the most dynamically emerging
nation of the East Asian region.
With the increase of the trade movements, there comes the need for properly
managed Vietnam import export data. The
Vietnam trade data provide an overview of the trade that occurred in a
financial year along with details of the trade activities older than a year.
Vietnam
export data showed exports in Vietnam decreased
to $22600M in November from $24230M in October of 2019. But the exports reached
an all-time high of $25885M in August of 2019. The main Vietnamese exports are telephones, mobile
phones (21%), textiles (12%), computers and electrical products (12%), shoes
and footwear (7%), machinery, instruments, and accessories (6%).
According to
the Vietnam exporters database, its
main global export partners are the United States (19%), China (16%), Japan
(8%), South Korea (7%), Hong Kong (4%) and Netherlands (3%). Within the
US-China trade rivalry, Vietnamese goods have found a profitable US market for
themselves with its export increase to 34.8% in the first nine months of 2019
to the US. Vietnam being the lower-middle-income country attains several
customs concessions regarding the market entry in the developed countries'
markets.
Vietnam
import data
revealed its main
import partners are China (28%), South Korea (22%), Japan (8%), Taiwan (6%),
Thailand (5%) and the United States (4%). China and Vietnam share 1,281 km of
borders, which leads to major imports of
the Chinese products for domestic consumption of Vietnam.
As per the details
about global trade agreements, the regional economic comprehensive partnership
(RCEP) is under negotiations, giving a hope for further Vietnamese export
boost. As
when the trade agreement would come into force, Vietnamese exports will
increase due to free access to many of the world's large markets with few
restrictions, stressing for more need of ready-to-use Vietnam import export data.
Seair
Exim Solutions is one of the well-known import export data bank provider firms
in India. It offers latest, 100% genuine, trusted and reliable world trade data
of more than 80 countries such as India, USA, Peru, Pakistan, Russia, Mexico,
Sri Lanka, Indonesia, Vietnam, etc. Our major services are US import data, import data India,
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Email Id- info@seair.co.in
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