vietnam major exports

Vietnam's Top 10 Exports 2020 - World's Top Exports The EU is Vietnam's first-class agricultural export market. In 2019, electronics accounted for 36 percent of the country's . The U.S. goods and services trade deficit with Vietnam was $68.0 billion in 2020. In 2016, Vietnam's GDP growth was 6.2%, driven by export-oriented manufacturing and robust domestic demand. Vietnam: export value of metals and minerals by major ... Coffee. Crude petroleum. New Record of Vietnam Agricultural Export "Robust growth of apparel exports by Vietnam to EU despite facing similar tariff structure reflects some underlying issues being faced by the apparel exporters in India," said the article written . Vietnam has been a development success story. Vietnam's spinning industry is likely to grow in the coming years through both . Strengths and challenges of the Vietnamese economy - ASEAN UP Vietnam exported approximately 6.9 million tons of crude oil in 2017, sending the majority to its regional neighbors. 8. Meanwhile, Vietnam's export value of metals and minerals to India reached 789 million U.S. dollars that year. Vietnam: export value of metals and minerals by major ... The first table below shows top trading partners of Vietnam in terms of export sales (selling), including United States, Japan, and China. A swine flu pandemic has put upward pressure on prices, but Vietnam's strong currency and low oil prices help to keep inflation at a manageable level. Nevertheless, Vietnam's fruit export revenue has dropped by 13 percent year on year, as exports to China, which accounts for 57 percent of the market share, have declined and dropped by 25 percent in 2020. While the prospect of increasing exports would lead to positive economic growth indicators for Vietnam, there are concerns over how the agreement will affect the domestic market, where small and . China is Vietnam's top export partner, importing $49.1 billion in goods and services from Vietnam in 2017 and accounting for 19% of all Vietnamese exports. This page provides the latest reported value for - Vietnam Exports - plus previous releases . Vietnam exported over 367 million USD worth of shrimp products in November, bringing the total export revenue in the first 11 months of the year to more than 3.5 billion USD, a year-on-year . Country. Vietnam imported iron and steel worth USD 4518 million maximum from China in 2016, which contributed 51.8% value to total iron and steel imports of Vietnam. Farm produce is one of Vietnam' major export items to the UK market. Overview In 2019 Cambodia was the number 101 economy in the world in terms of GDP (current US$), the number 66 in total exports, the number 70 in total imports, the number 150 economy in terms of GDP per capita (current US$) and the number 112 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Cambodia are Knit Sweaters ($2.46B), Precious Metal . With the Nghi Son Refinery opening up in early 2018, Vietnam will have two refineries, each producing a wide variety of petroleum products - mostly for the domestic market, but some for exports. Vietnam's largest trade partner is also a leading foreign investor. Hanoi (VNA) - Vietnamese businesses need to cooperate closer with partners in order to boost exports to Brazil in the last month of 2021 as the American market's import and export activities have recorded a stable growth, according to the Vietnam Trade Office in Brazil. Research Expert covering Vietnam. Vietnam's exports rise sharply in 2021. Exports in Vietnam averaged 8.20 USD Billion from 1990 until 2021, reaching an all time high of 29.65 USD Billion in March of 2021 and a record low of 0.54 USD Billion in February of 1997. The economy of Vietnam is a mixed socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Vietnam exports for 2018 was $259.51B, a 14.15% increase from 2017. India is likely to sell its BrahMos cruise missiles to Vietnam and the Philippines to boost its defence export market and have an edge over China. Location. The second lists top trade partners of Vietnam regarding import total (buying). Bangladesh has outnumbered China, Vietnam and Indonesia in terms of . The U.S. is currently Vietnam's second-largest export partner, accounting for 17.7% of Vietnam's global exports in 2017, with a total value of $45.6 billion. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. Two-way trade between Vietnam and Brazil hit 5.74 billion USD in the last 11 months, up nearly 36.8 percent year-on-year . Mainland China ranked third with a total registered FDI of $2.17 billion in . U.S. cotton exports to Vietnam jumped from $392 million in 2014 to a record-high $1.3 billion in 2018, with exports already over $1 billion for the first seven months of 2019. Vietnam is predicted to surpass Brazil and become the leading country to export coffee. Exports in Vietnam increased to 34.50 USD Billion in December from 31.87 USD Billion in November of 2021. Vietnam is currently our 10th largest goods trading partner with $89.5 billion in total (two way) goods trade during 2020. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in domestic demand, and strong manufacturing exports. U.S. cotton exports to Vietnam jumped from $392 million in 2014 to a record-high $1.3 billion in 2018, with exports already over $1 billion for the first seven months of 2019. There were 34 items with export turnover of over $1 billion (accounting for 93.5% of total export turnover), 7 . Merchandise Trade statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. A major part of the local-use timber in Vietnam is imported from other countries by large timber merchants while it exports a significant amount of processed wood items worldwide. Inflation is expected to increase above 3% in 2020 and 2021. Australia, Europe, and the Middle East. ''India needs to actively pursue free-trade agreements with its major export destinations - EU, US - to prevent competitive disadvantage it currently faces due to tariff-free access to its competitors,'' the article said. Vietnam's spinning industry is likely to grow in the coming years through both . The Vietnam News Agency (VNA) has selected top 10 major . Vietnam ranked No. Due to the global economic slowdown exports are forecast to contract 5.5% in 2020 after robust annual growth rates 2019 and 2018. Vietnam is one of the successes of Asia with consistently high GDP growth, strong exports and manufacturing sector, and a growing openness to business. Vietnam Exports By Country - was last updated on Tuesday, January 4, 2022. Goods exports totaled $9.9 billion; goods imports totaled $79.6 billion. The U.S. goods trade deficit with Vietnam was $69.7 billion in 2020. Most notably, Samsung makes the majority of its Galaxy Smartphones in Vietnam and exports around USD 58 Billion worth of goods a year from Vietnam. Vietnam exports for 2017 was $227.35B, a 18.29% increase from 2016. They asserted that Vietnam will maintain high growth in exports, which will be the major motivation for the country's economic development in 2022. Major imports of Vietnam includes refined petroleum products, medicines, machinery, military supplies, vehicles, and food. Cotton exports now account for 49 percent of all U.S. agricultural exports to Vietnam. Photo courtesy of VASEP. #1. Cashew nut exports in 2021 increase 13% in value and 12% in volume compared to 2020, according to the General Department of Vietnam Customs. reached 51.3 billion USD in the first 11 months of 2021, up 13.8 percent over the same period of 2020; of which exports hit 35.96 billion USD, up 12.6 percent and imports 15.34 billion USD, up 16.6 percent. India needs to actively pursue free-trade agreements (FTAs) with major export destinations like the EU and the US to push apparel shipments amid increasing competition from Bangladesh and Cambodia . Vietnam exports for 2019 was $279.72B, a 7.79% increase from 2018. In fact, Vietnam's fishery product exports have increased considerably since 2000 to become a major income earner and one of Vietnam's major export commodities. The figures are expected to top $335 billion by year-end, representing a sharp rise of 18.6 per cent year-on-year and . Vietnam exports a large quantity of electrical and electronic machinery to foreign and neighboring countries accounting for 36% of exports with a value of 96 billion USD.Next to that Vietnam exports footwear and gaiters in large quantities . Vietnam's seafood export value was the highest ever recorded in November, with sales to most of the country's major markets increasing . Bangladesh now ranks third in RMG exports to the US and fetched $5.7 billion from the destination in the first 10 months of 2021. Goods exports totaled $9.9 billion; goods imports totaled $79.6 billion. Data published from the General Statistics Office shows that in the first 11 months of 2021, Vietnam's exports totaled $299.67 billion, increasing by 17.5% over the same period last year. In 2020, phones and the related components exports had the largest turnover amongst Vietnam's major commodities exports, at approximately 51 billion U.S. dollars. Vietnam's total trade with the United States was $9.98 billion in October, a change of 14.20 percent from the same month one year ago. Leading sea ports for exports in Vietnam 2020, by throughput. Moreover, free trade agreements will help boost Vietnam's exports to many markets, especially small-but-promising ones like Mexico, Brazil, Russia, Colombia, and Thailand. Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing . Download Historical Data. Quang Ninh Port is a national major port in the region (Type I) including: - Cai Lan port is the main port that mainly handles general and container cargo from ships up to 50,000 DWT and container ships up to 4,000 TEU; Focus must be placed on this port along with logistics centers and traffic network behind ports in the immediate term of the planning; Satellite specialized ports include . In 2014, the export turnover of Vietnam Agriculture set a new record of 30.8 billion USD, an increase of 11.2% in comparison to the previous year. In 2009, the US Geological Survey estimated coal production in Vietnam at 43,715 million tons. Wed, 29 December 2021. As of 2017, Vietnam is the largest ASEAN supplier to the U.S. with a net export value of US$48.43 billion. Under 2-digit level HS Code, mineral fuels and oils stood as the 5th largest import products of Vietnam in 2016. That is, most products are imported from these countries to Vietnam. Under 2-digit level HS Code, mineral fuels and oils stood as the 5th largest import products of Vietnam in 2016. It had ranked No. 4. Top export destinations of commodities from Vietnam in 2020: USA with a share of 27% (77 billion US$) China with a share of 17.3% (48 billion US$) Japan with a share of 6.84% (19.2 billion US$) Korea with a share of 6.79% (19.1 billion US$) Hong Kong with a share of 3.7% (10.4 billion US$) Vietnam's meat exports to China spurs in October. Vietnam's garment and textile exports next year is set to remain the same as this year even in the worst-case scenario where the Covid-19 pandemic prolongs, an association forecasts. Vietnam uses this resource in domestic power plants and also exports to the Asia Pacific nations. Vietnam Textile and Apparel Association (VITAS) anticipates export would reach $39 billion next year, the same as this year, if pandemic impacts are major and . Vietnam's exports rise sharply in 2021. Its exports are worth 99.2 per cent of its GDP, and as shown previously, much of its success is based on foreign investment and trade. In 2019, China was the leading export market for Vietnamese metals and minerals as China's import value of these commodities amounted to 1.4 billion U.S. dollars. Tech. Major Steel Manufacturers in Vietnam, 2015-2018 Prospect of Vietnam Steel Market, 2020-2024 The growth rate of Vietnam's GDP in 2018 was about 7.08%, a relatively high level in Southeast Asia. Government estimates showed the Vietnamese economy growing . Vietnam has emerged as a major electronics exporter, with electrical and electronic goods overtaking textiles, coffee, and rice to become the top export item. 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