Frequent question: What countries trade with Vietnam?

In 2019, Vietnam major trading partner countries for exports were United States, China, Japan, Korea, Rep. and Hong Kong, China and for imports they were China, Korea, Rep., Japan, Other Asia, nes and United States.

Who is Vietnam’s biggest trade partner?

China is Vietnam’s leading trading partner with a total import and export value of US$106.7 billion, making up 22.2% the country’s total imports and exports.

What country does Vietnam export to the most?

The most common destination for the exports of Vietnam are United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).

Who does Vietnam import from?

Vietnam imports from Japan worth US$ 19,533 million, with a partner share of 7.71 percent. Vietnam imports from Other Asia, nes worth US$ 15,181 million, with a partner share of 5.99 percent. Vietnam imports from United States worth US$ 14,377 million, with a partner share of 5.67 percent.

What is the main trade of Vietnam?

Vietnam is a leading exporter of rice, coffee, rubber, pepper and cashews. In more recent years, aquaculture and fruit production have also increased and become more export-oriented. Coffee production is expected to increase 8.3 per cent from 2017 to 2021, sugar production 23 per cent and milk production 62.4 per cent.

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Does America trade with Vietnam?

Economic and Trade Statistics

Vietnam is currently our 10th largest goods trading partner with $89.5 billion in total (two way) goods trade during 2020. 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.

Does Vietnam have trade agreement with US?

The U.S.-Vietnam Bilateral Trade Agreement (BTA) is a comprehensive document covering trade in goods, protection of intellectual property rights, trade in services, investment protection, business facilitation and transparency. … The BTA is the most comprehensive trade agreement Vietnam has signed to date.

What are Vietnam Major imports?

Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).

Does Vietnam rely on China?

Vietnam also depends on China for capital goods, which includes machinery, equipment, vehicles, and tools used to make finished goods. In 2000, Vietnam imported US$600 million of capital goods from China, accounting for 42.85 percent of all imports from the latter.

What are Vietnam’s top three exports and imports?

Vietnam Top Export Goods

Sl. No. Export Product Value (USD)
1 Electrical machinery 96 billion
2 Footwear, gaiters 18.9 billion
3 clothing accessories, not knitted, and crocheted 15.1 billion
4 clothing accessories, not knitted, and crocheted 14.8 billion

What does US export to Vietnam?

In 2019, the leading U.S. exports to Vietnam were (in order) electrical machinery, cotton, aircraft, plastic articles, and oil seeds.

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What are Vietnam major imports and exports?

Top 10

  • Electrical machinery, equipment: US$96 billion (34.3% of total imports)
  • Machinery including computers: $26.9 billion (9.6%)
  • Plastics, plastic articles: $15.2 billion (5.4%)
  • Optical, technical, medical apparatus: $10 billion (3.6%)
  • Iron, steel: $9.8 billion (3.5%)
  • Mineral fuels including oil: $8.8 billion (3.1%)

What does Vietnam sell to other countries?

Economy of Vietnam

Export goods Electronics, textiles products, machinery, footwear products, transportation products, wooden products, seafood products, steel, crude oil, pepper, rice and coffee
Main export partners China(+) 19.6% United States(+) 18.1% Japan(+) 7.43% South Korea(+) 7.09% (2018 est.)

What did Australia trade Vietnam?

Australia’s main merchandise exports to Vietnam include coal, iron ore, live animals and wheat. Imports from Vietnam fell to $7.2 billion in 2019-20 from $7.8 billion in 2018-19. Goods imports consist mainly of telecommunications equipment, monitors, projectors and TV’s, footwear and furniture.

Is Vietnam an export-oriented country?

Compared to any other countries in the region, Vietnam’s economy is the most export-oriented. Other than manufacturing, agricultural and tourism sectors have strong influence in supporting Vietnam’s economy.