Vietnam the country in Southeast Asia, the rapid growth has been witnessed in its import industry recently. In Vietnam the total import value of $227 billion in 2023 has been recorded. Vietnam is 19th largestimporters in the world according to Vietnam Import Statistics of 2023. The country suitable strategic location and favourable trade policies of government has attracted enormous foreign companies to invest and establish their businesses in Vietnam.

What are the top product that Vietnam has been Imported recently ?

According to Vietnam Import Data of 2023 provided by Import Globals, The Vietnam Top 10 Importing products are listed below:

1) Electrical machinery and equipment - This category topped the list with an import value of $52.8 billion. With rapid industrialization and urbanization, there is a high demand for electrical machinery and equipment in Vietnam.

Que. What is the HS Code of Electrical machinery and equipment’s?
Ans. HS Code Classification Electrical machinery and equipment’s are HS Code -84, 85, 8487, 8543, 8548 and more

2) Machinery including computers - Second on the list is another essential category for industrial development, with an import value of $32.6 billion. Vietnam heavily relies on imports for advanced machinery and technology to boost its manufacturing sector.

Que. What is the HS Code of Machinery including computers?
Ans. HS Code Classification of Machinery including computers are HS Code– 84, 8473, 8471 and more

3) Mineral fuels including oil - Despite being an oil-producing country, Vietnam still relies heavily on imported mineral fuels due to insufficient domestic production capacity. Last year's import value for this category was $22.4 billion.

Que. What is the HS Code of Mineral fuels including oil?
Ans. HS Code Classification of Mineral fuels including oilare HS Code - 27, 2701, 2710, 2711 and more.

4) Iron and steel - With a booming construction sector, iron and steel are crucial materials needed for infrastructure development in Vietnam. The country imported these commodities worth $18 billion in 2023.

Que. What is the HS Code of Iron and steel?
Ans. HS Code Classification of Iron and Steel are HS Codes – 72, 73, 7216, 7217, 7204, 7323, 7305 and more

5) Plastics and plastic articles - The increasing use of plastics in various industries such as packaging, automotive, construction has led to a rise in imports of plastic products worth $13.7 billion last year.

Que. What is the HS Code of Plastics and Plastics articles?
Ans. HS Code Classification of Plastics and Plastic articles are HS Codes – 39, 3917, 3923, 3926, 3901, 3904 and more

6) Organic chemicals - This category includes essential chemicals used in different industries like pharmaceuticals, agriculture, cosmetics, etc., making it one of the most significant contributors to Vietnam's economy with an import value of $9.9 billion.

Que. What is the HS Code of Organic Chemicals?
Ans. HS Code Classification of Organic Chemicals are HS Codes – 29, 2901, 2942, 2931 and more.

7) Articles made from iron or steel - With a growing demand for industrial and consumer goods, Vietnam imported iron or steel articles worth $9.8 billion in 2023.

Que. What is HS Code of Articles made from iron or steel?
Ans. HS Code classification of articles made from iron or steel are HS Codes-72, 73, 7325, 73267216, 7217, 7204, 7323, 7305 and more

8) Vehicles other than railway or tramway - Vietnam's rapidly developing transportation sector has led to an increase in imports of vehicles such as cars, trucks, and motorcycles with a value of $7.5 billion.

Que. What is HS Code of Vehicles other than railway or tramway?
Ans. HS Code classification of Vehicles other than railway or tramway are HS Codes- 87, 8701, 8702, 8703 and more

9) Optical, photographic, medical, or surgical instruments - Vietnam's healthcare industry is expanding at a rapid pace, increasing the demand for medical equipment and devices. The country imported these products worth $6.4 billion last year.

Que. What is the HS Code of Optical, photographic, medical, or surgical instruments?
Ans. HS Code classification of Optical, photographic, medical, or surgical instruments are HS Codes – 90, 9018, 9027 and more

10) Line items not included elsewhere - This catch-all category includes various commodities like furniture, clothing accessories, toys, etc., with an import value of $5.2 billion.

Who are the Vietnam Top Import Trading Partners in the recent Year?

According to the latest Vietnam Import trade data of 2023, provided by Import Globals The Vietnam Import Top 10 Trading Partners are :

China remains Vietnam's largest import partner, accounting for approximately 30% of total imports last year with a value of over US$80 billion. The majority of these imports include machinery and equipment, electronic products, steel, and textiles.

South Korea follows closely behind as the second-largest importer to Vietnam with a value of US$48 billion in 2023. This is largely due to strong economic ties between the two countries and South Korea's leading position in industries such as electronics, automobile parts, and chemicals.

Japan ranks third on this list with imports worth US$27 billion last year. Japan is known for its high-quality technology products and machinery which are highly sought after by Vietnamese businesses.

The United States holds fourth place on this list with imports totaling US$23 billion in 2023.A significant portion of these imports consists of consumer goods such as clothing, electronics, and pharmaceuticals.

Thailand ranks fifth among Vietnam's top import partners with goods worth approximately US$16 million being imported in 2023. The main products imported from Thailand include petroleum, chemicals, and vehicles.

Other top import partners for Vietnam include Singapore, Taiwan, Malaysia, Indonesia, and Turkey. These countries have strong trade relationships with Vietnam and supply a diverse range of goods such as raw materials, machinery, and consumer goods.

How Can You Gain More Information About Vietnam Import Data?

Vietnam Import Customs data provided by Import Globals covers all mode of shipments Sea, Air and Land that ensures its highest coverage in the data. It is vital to track each and every shipment transited into Vietnam to make strategic decision accurately.

Vietnam Import Statistics gives you the chance to thrive your business at Global market rapidly. If you have right information and statistics in your hands, it helps you to make informed decisions and stay ahead of your competitors incessantly. Subscribe today and unlock potential of Vietnam Import Data for your business growth.

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FREQUENTLY ASKED QUESTIONS

• Which is the top imported product by Vietnam in the latest year.

Vietnam highest importing products are electrical machinery and equipment’s with antotal import value of $52.8 billion in the latest year.

• Who is the Vietnam Import top trading partner in the latest year ?

China, is the top Vietnam Import trading partner with total value of US$80 billion of goods export from China into Vietnam in the latest year.

• Does Vietnam Import Data contains any information of Importers and Exporters ?

Yes, Vietnam Import Data provides detailed information of Importer/Buyers, Exporter/Supplier company names.

• Does Vietnam Import Customs Data contains HS Code ?

Yes, Vietnam Import Customs Data contains HS Code of 2 digit, 4 digit, 6 digit and 8 digit to identify each product category in detail.

• How Vietnam Data helps in expanding Business in the Vietnam Market ?

By using Vietnam Import Statistics, you can stay updated with the market trends, consumer preferences, stay ahead from competition, make strategic planning on pricing etc.

• Does Vietnam Data covers all modes of shipments ?

Yes, Vietnam Data covers all modes of transports such as Air, Sea and Land.