Vietnam Export Data

Vietnam Export Data

Vietnam is a Southeast Asian country located on the eastern tip of the Indochina Peninsula. Vietnam has borders with China in the north, Laos and Cambodia in the west, the Gulf of Thailand in the southwest, and the South China Sea in the east. Known for its hustling cities, pagodas, beaches, islands, and rivers. Hanoi is its capital. In terms of the export sector, Vietnam has emerged as a significant exporter and trade partner.

The nation has a total population of 100.3 million. According to Vietnam Export Data, its total GDP is USD 465 BILLION. If we see the exported products' worth, which is around USD 475 billion, it holds the global export share of 2.1%. With this, it holds the global export rank at 18th position. Electrical Machinery & Equipment (HS 85) is its topmost export commodity. For a very long time, the United States is Vietnam’s topmost export trade partner.

18th

Vietnam’s exports put the country in 18th rank, signifying great importance in global trade. It has good export structure.

2.1%

With its significant rise in overall exports, Vietnam contributes to the 2.1% of the global export share.

United States

The United States and Vietnam have proven their trade partnership time and again.

Electrical Machinery & Equipment (HS 85)

Electrical machinery and equipment, which hold the Harmonized System Code of 85, is Vietnam’s topmost export category.

 

Top 10 Export Products of Vietnam

Vietnam deals with core sector commodity products. Electrical Machinery and Equipment, Machinery, and apparel are its topmost export products. According to Vietnam Export Trade Data, these commodities bring Vietnam high revenue, which results in high economic growth. These categories does billion dollor business. Here are the 10 high-export products.

  • Electrical Machinery and Equipment (HS code 85): 33.5% ($157 billion)
  • Machinery including computers (HS code 84): 16.2% ($76 billion)
  • Knitted or crocheted apparel (HS code 61): 5.9% ($28 billion)
  • Footwear (HS code 64): 5.5% ($26 billion)
  • Furniture, bedding, and lighting (HS code 94): 5.1% ($24 billion)
  • Woven apparel (HS code 62): 4.9% ($23 billion)
  • Plastics and plastic articles (HS code 39): 3.6% ($17 billion)
  • Fish and seafood products (HS code 03): 2.7% ($13 billion)
  • Coffee and agricultural products (HS code 09): 2.4% ($11 billion)
  • Wood and wood products (HS code 44): 2.1% ($10 billion)
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Top 10 Export Trading Partners of Vietnam

The United States, China, and South Korea are its major export trade partners, with which does great trade. Based on Vietnam Export Statistics, Vietnam has seen a significant rise in its exports with these global powers. Here are the leading 10 export partners of Vietnam.

  • United States: 27.5% ($113.9 billion US$)
  • China: 14.7% ($60.7 billion US$)
  • South Korea: 6.8% ($28.2 billion US$)
  • Japan: 6.5% ($27 billion US$)
  • Netherlands: 4.2% ($18 billion US$)
  • Germany: 3.8% ($16 billion US$)
  • Hong Kong: 3.2% ($13 billion US$)
  • United Kingdom: 2.8% ($12 billion US$)
  • Thailand: 2.3% ($10 billion US$)
  • India: 2.1% ($9 billion US$)

What Details Contain In Vietnam Export Data?

Import Globals offers effective trade data packages, which are inclusive of all shipment trade records that are covered via LAND+SEA+AIR. From head to toe, our trade data insights cover all the prerequisites for a business to strategise, plan, and grow. Our trade data capsules are beneficial for financial analysts, business operations, business analysts, researchers, NGOs, trade unions, traders, manufacturers, suppliers, buyers, enterprises of all sizes, big corporates, startups, etc. It also provides raw, fresh, and updated information. Vietnam Trade Data is in synchronization with current trade patterns, market values, forecasts, predictions, geopolitical aspects, pricing, current market values, and risk factors. Here are a few essentials that are provided with our trade packages.

  • Importer Name
  • Importer Address
  • Exporter Name
  • Exporter Address
  • Shipping Bill Number
  • Shipping Bill Date
  • Declaration Number
  • HS Code
  • Product Description
  • FOB Value
  • CIF Value
  • Manufacturing Country
  • Destination Country
  • Net Weight
  • Gross Weight
  • Quantity
  • Unit
  • Currency & Incoterms
  • Mode of Transportation
  • Port of Loading
  • Port of Unloading
  • Email
  • Contact

Benefits of Vietnam Export data in your business

  • Strategise diligently with global trade data and key essential details for your export business.
  • Predict risks and potential harms in trade deals beforehand. As per Vietnam global trade data, this will lead to secure business proceedings.
  • Study current trade patterns and new market discoveries. This contains current market trends, new commodities, and relevant high business accelerators.
  • Analyse revenue growth and maximize profitability.
  • Expand your business and connect with multinational businesses and trade partners. This will help accelerate your buisness growth and return high revenue.

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Frequently Asked Questions

It holds the 18th position in global exports.

Vietnam does export trade of products worth USD 475 billion.

Electrical Machinery & Equipment with HS code 85 is the top export product of Vietnam.

The United States has been an effective economic partner for so long.

Some of the essential elements of trade data are the exporter's name and address, weight, quantity, shipping bill, manufacturing country, port of loading and unloading, and many more.

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