The long-standing trade relationship between Vietnam and the Philippines has been expanding over the years because of its membership with the Association of Southeast Asian Nations. Agricultural goods dominate the export trade rate of Vietnam to the Philippines by a rate of 5% from the other accompanied sources like textiles, machinery, iron, and steel products. The tropical climate of the region and the sustainable production capability of the farming industries are responsible for the efficient production of agricultural goods like dragon fruits, mangoes, apples, and bananas for international exports.

Implementation of free trade agreements via the government authorities and the increasing demands of the trade management authorities from Vietnam’s industrial sectors have led to a total export trade value of 7 billion US dollars in 2023.

What Are the Top 10 Exports of Vietnam to the Philippines in 2023?

The top 10 export products of the nation leveraging the overall trade rate according to the Vietnam Export Data are discussed below,

1. Electronics – The export value of Electronics from Vietnam to the Philippines in 2023 – 6.89 billion US dollars.

SUBCATEGORIES

• Semiconductors and Electronic Components
• Smartphones and Mobile Devices
• Consumer Electronics
• Computers and Peripherals
• Electronic Assemblies and Subassemblies

2. Textiles – The export value of Textiles from Vietnam to the Philippines in 2023 – 5.24 billion US dollars.

SUBCATEGORIES

• Apparel and Garments
• Fabric and Textiles Materials
• Home Textiles
• Footwear and Leather Goods
• Technical Textiles

3. Footwear – The export value of Footwear from Vietnam to the Philippines in 2023 – 4.80 billion US dollars.

SUBCATEGORIES

• Sports Footwear
• Casual and Fashion Footwear
• Leather Footwear
• Children's Footwear
• Work and Safety Footwear

4. Rice – The export value of Rice from Vietnam to the Philippines in 2023 – 4.14 billion US dollars.

SUBCATEGORIES

• White Rice
• Fragrant Rice
• Glutinous
• Brown Rice
• Parboiled Rice

5. Seafood – The export value of Seafood from Vietnam to the Philippines in 2023 – 3.76 billion US dollars.

SUBCATEGORIES

• Shrimp
• Fish
• Cephalopods
• Mollusks and Shellfish
• Crustaceans

6. Machinery – The export value of Machinery from Vietnam to the Philippines in 2023 – 2.89 billion US dollars.

SUBCATEGORIES

• Electrical Machinery and Equipment
• Industrial Machinery and Equipment
• Agricultural Machinery
• Construction Machinery
• Mining Machinery

7. Rubber Products – The export value of Rubber Products from Vietnam to the Philippines in 2023 – 2.25 billion US dollars.

SUBCATEGORIES

• Rubber Tires and Inner Tubes
• Rubber Footwear
• Rubber Hoses and Belting
• Rubber Sheets and Compounds
• Rubber Gloves and Medical Products

8. Fruits and Vegetables – The export value of Fruits and Vegetables from Vietnam to the Philippines in 2023 – 2.14 billion US dollars.

SUBCATEGORIES

• Fresh Fruits
• Frozen Fruits
• Dried Fruits
• Vegetables
• Processed Vegetables and Pickled Products

9. Furniture – The export value of Furniture from Vietnam to the Philippines in 2023 – 1.52 billion US dollars.

SUBCATEGORIES

• Wooden Furniture
• Office Furniture
• Outdoor Furniture
• Upholstered Furniture
• Storage and Home Organization Furniture

10. Plastics – The export value of Plastics from Vietnam to the Philippines in 2023 – 1.14 billion US dollars.

SUBCATEGORIES

• Plastic Packaging
• Plastic Household Items
• Plastic Automotive Parts
• Plastic Pipes and Fittings
• Plastic Construction Materials

Top 10 Exporting Companies of Vietnam

The export trade statistics of the nation are driven by the effective productivity of the domestic companies and the wide workforce engaged in it. According to the Vietnam Customs Data, the top 10 exporting companies of Vietnam in 2023 are,

• Samsung Electronics Vietnam Co., Ltd – Valuation of export – 5.87 billion US dollars.

EXPORT VARIANTS

1. Smartphones and Mobile Devices
2. Televisions and Home Entertainment Systems
3. Semiconductors
4. Home Appliances
5. Monitors and Displays

• Nestle Vietnam Ltd – Valuation of export – 4.98 billion US dollars.

EXPORT VARIANTS

1. Instant Coffee
2. Dairy Products
3. Nutrition and Health Science Products
4. Confectionery Products
5. Bottled Water

• A Phu Irradiation Joint Stock Company – Valuation of export – 3.47 billion US dollars.

EXPORT VARIANTS

1. Irradiated Spices
2. Irradiated Fruits
3. Irradiated Vegetables
4. Irradiated Seafood
5. Irradiated Grains and Pulses

• PetroVietnam Exploration Production Corporation (PVEP) – Valuation of export – 3.12 billion US dollars.

EXPORT VARIANTS

1. Crude Oil
2. Natural Gas
3. Liquefied Petroleum Gas
4. Petrochemical Products
5. Refined Petroleum Products

• Vinamilk – Valuation of export – 2.89 billion US dollars.

EXPORT VARIANTS

1. Vinamilk Powdered Milk
2. Vinamilk UHT Milk
3. Vinamilk Yogurt
4. Vinamilk Cheese
5. Vinamilk Ice Cream

• Viettel Group – Valuation of export – 2.54 billion US dollars.

EXPORT VARIANTS

1. Telecommunications Services
2. Mobile Devices and Accessories
3. IT and Telecom Infrastructure Solutions
4. Cybersecurity Solutions
5. Digital Services and E-Government Solutions

• Dangote Vietnam Ltd – Valuation of export – 2.21 billion US dollars.

EXPORT VARIANTS

1. Dangote Cement
2. Dangote Salt
3. Dangote Sugar
4. Dangote Fertilizers
5. Dangote Rice

• Hoa Phat Group Joint Stock Company – Valuation of export – 1.87 billion US dollars.

EXPORT VARIANTS

1. Hoa Phat Steel
2. Hoa Phat Pipe
3. Hoa Phat Furniture
4. Hoa Phat Agricultural Products
5. Hoa Phat Construction Materials

• Masan Group Corporation – Valuation of export –1.53 billion US dollars.

EXPORT VARIANTS

1. Masan Nutri-Science Products
2. Vinmart and VinPro Retail Products
3. Masan Food Products
4. Masan Consumer
5. Masan Resources

• Truong Hai Auto Corporation (THACO) – Valuation of export – 1.25 billion US dollars.

EXPORT VARIANTS

1. Truong Hai Cars
2. Truong Hai Commercial Vehicles
3. Truong Hai Buses
4. Truong Hai Auto Parts and Accessories
5. Truong Hai Agricultural Vehicles

FAQ’S

Que. What is the export trade value of Vietnam to the Philippines in 2023?
Ans. The export trade value of Vietnam to the Philippines in 2023 is 7 billion US dollars.

Que. What is the top export of Vietnam to the Philippines in 2023?
Ans. Electronics are the top exports of Vietnam to the Philippines in 2023.

Que. Name the top exporting company in Vietnam in 2023.
Ans. Samsung Electronics Vietnam Co., Ltd is the top exporting company in Vietnam in 2023.

Que. Where can you get a detailed trade analysis of Vietnam's exports to the Philippines in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Vietnam's exports to the Philippines in 2023.

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