is in South East Asia. Bordering Laos and China the country has a large
coastline along the South China Sea. Vietnam is the 21st largest in the world. Vietnam
trade data shows the country exported goods and services worth $23000
million and import $22450 million. A country’s economic and GDP growth is
closely linked to this trade data. Vietnam’s economic growth went up by 5.31%.
The government and the business community use Vietnam trade data.
Vietnam is developing as a leading manufacturing and sourcing hub.
Vietnam Import Data
Vietnam import data shows that imports have
been flourishing over the last fifteen years. The county has highly regulated
by the government. Vietnam has become a popular import destination. Vietnam is
investing heavily in infrastructure projects and offering incentives to the
industry to set up manufacturing. A rapid increase in the middle-class
population promises a large captive market for imported products. Importers
need an investment license to operate within the country.
imports extensively with fellow ASEAN countries the top importing partners of
Vietnam are China, South Korea, Japan, Singapore, and Thailand. The top
imported products according to Vietnam
import data are electrical and mechanical machinery, mineral fuel
and mineral oil, iron and steel, plastics and vehicles. The forecast
predicts we expect the import figures to be $23800 million by year-end.
Vietnam Export Data
has emerged as a manufacturing hub for electronics, machinery, steel, food
processing, etc. Vietnam
export data suggest the country has become a leading agricultural
exporter. The main exports of the country are electronics, footwear, clothing
(knitted and non-knitted), machinery, furniture, fish and crustaceans, and
edible fruits and nuts.
top export partners of Vietnam are the United States, China, Japan, South
Korea, and Hong Kong. Vietnam export data suggest the United
States accounted for over 21% of the country export followed by China at
12.43%. The forecast shows we expect the export figures to stand at $25400
million by 2020.
Vietnam Customs Shipment Data
Vietnam custom shipment data is collected from shipping
bill details and invoice documents submitted from custom. Custom officials
collect this data whenever an item enters or leaves the customs. The invoice
contains the importer details, exporter details, quantity, HS code, price, quantity,
and arrival date. This data becomes a vital market research tool for importers
and exporters to analyze market trends. They can look for a new business
opportunity and identify new buyers and sellers. The figures can help traders
to complete their pricing strategies
Bankers and logistics
services providers also use Vietnam custom shipment data to look for
potential customers to expand their business. Market research agencies and
consulting firms base their projections on this data. The ten-year historical
data helps them in their projections.
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