Vietnam is a Southeast Asian nation evolving as a rapidly growing economy with a divergent range of imports and exports with a population of 97 million mostly engaged in the workforce of industrial sectors. The strategic location in the South of China makes the nation an ideal hub for traders across the world, the country has been involved in regional trade agreements from the past decades for the elimination of trade barriers which led to the growth rate of the trade accounting for the annual revenue of the nation boosting the global trade rank among all the other top traders.

The open economy plays a significant role in the increasing global trade value with a total product valuation of 636 billion US dollars in 2023; the government initiatives together with the expanding finance and tourism sector have recorded a GDP of 734 billion US dollars accompanied by the export trade value of 434 billion US dollars.

Summary of Vietnam Export Trade Statistics

The Vietnam Trade Data enlists the below-mentioned as the key insights and statistics of its global trade.

• Global Export Rank of Vietnam – 22nd largest Exporter
• Total Valuation of Exports – 434 billion US dollars
• Largest Segment of Exports – Electrical Machinery and Equipment
• Growth Rate of Vietnam Trade – 7% CAGR
• Biggest Export Partner – United States
• Top Exporting Company - Samsung Electronics Vietnam Co Ltd

Top 10 Exports of Vietnam

• Electrical Machinery and Equipment – Valuation of Electrical Machinery and Equipment exports 2023 - 120 billion US dollars.

• Textiles – Valuation of Textiles exports 2023 - 70 billion US dollars.

• Footwear – Valuation of Footwear exports 2023 - 40 billion US dollars.

• Seafood – Valuation of Seafood exports 2023 - 30 billion US dollars.

• Rice – Valuation of Rice exports 2023 - 20 billion US dollars.

• Wood and wood products – Valuation of Wood and wood products exports 2023 - 10 billion US dollars.

• Coffee – Valuation of Coffee exports 2023 - 9 billion US dollars.

• Rubber – Valuation of Rubber exports 2023 - 8 billion US dollars.

• Vegetables and Fruits – Valuation of Vegetables and Fruits exports 2023 - 7 billion US dollars.

• Machinery and Mechanical Appliances – Valuation of Machinery and Mechanical Appliances exports 2023 - 6 billion US dollars.

Top Export Destinations of Vietnam in 2023

The Vietnam Export Customs Shipment Data enlists the below-mentioned as the top 10 export destinations of Vietnam in 2023

• United States – Valuation of exports within Vietnam and the United States – 84 billion US dollars.

• China – Valuation of exports within Vietnam and China– 56 billion US dollars.

• Japan – Valuation of exports within Vietnam and Japan – 21 billion US dollars.

• South Korea – Valuation of exports within Vietnam and South Korea – 19 billion US dollars.

• European Union – Valuation of exports within Vietnam and the European Union – 18 billion US dollars.

• ASEAN Countries – Valuation of exports within Vietnam and ASEAN Countries – 17 billion US dollars.

• Australia – Valuation of exports within Vietnam and Australia – 12 billion US dollars.

• United Kingdom – Valuation of exports within Vietnam and the United Kingdom – 8 billion US dollars.

• India – Valuation of exports within Vietnam and India – 7 billion US dollars.

• Canada – Valuation of exports within Vietnam and Canada – 6 billion US dollars.

Top 10 Exporting Companies of Vietnam in 2023

The export trade rate of Vietnam is managed by the top exporting companies and the manufacturing sectors which keep overall control over the growing rate of exports. As per the Vietnam Export Data, the top 10 exporting companies of the nation in 2023 with their trade values are discussed below,

• Samsung Electronics Vietnam Co Ltd: Valuation of 2023 – 60 billion US dollars.

• Intel Products Vietnam: Valuation of 2023 – 40 billion US dollars.

• LG Electronics Hai Phong Company Limited: Valuation of 2023 – 35 billion US dollars.

• Foxconn Technology Group: Valuation of 2023 – 25 billion US dollars.

• Formosa Ha Tinh Steel Corporation: Valuation of 2023 – 20 billion US dollars.

• Bridgestone Tire Manufacturing: Valuation of 2023 – 18 billion US dollars.

• Nike Vietnam LLC: Valuation of 2023 – 15 billion US dollars.

• P&G Vietnam Co Ltd: Valuation of 2023 – 14 billion US dollars.

• Far Eastern New Century Corporation: Valuation of 2023 – 13 billion US dollars.

• Panasonic Appliances Vietnam Co Ltd: Valuation of 2023 – 12 billion US dollars.

FAQ’s

Que. What is the Export Trade Value of Vietnam in 2023?
Ans. The export trade value of Vietnam in 2023 is 434 billion US dollars.

Que. Who is the top exporting company of Vietnam in 2023?
Ans. Samsung Electronics Vietnam Co Ltd is the top exporting company of Vietnam in 2023.

Que. Where can you get a detailed trade analysis of Vietnam trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of Vietnam's trade in 2023.

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