Year/Range. U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to over $90 billion in 2020. Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion, according to data from U.S. magazine Furniture Today. November 10, 2021. India’s export data shows that the total export between the two countries amounted to 8.17 billion dollars. VIETNAM CASHEW MARKET. Vietnam’s export turnover projected to hit 535 billion USD ... Australia is the largest wood chip supplier in the world for nearly 20 years, but having lost its position to Vietnam with shipments accounting for around 20 percent of global pulp and paper sales in 2011. Vietnam Vietnam - Global Coffee Platform Combined, these largest markets imported only 1% less Vietnamese shrimp compared to 2019 (below 5,000 MT) and 7% more than in 2018. The top imports of Vietnam are electronics, petrol products, steel, and machinery. Fish. They said in the third quarter, the Vietnamese economy still suffered negative impacts of the fourth pandemic wave. Vietnam Jan-Nov coffee exports likely down 4.4% y/y, rice ... Vietnam’s export turnover to the region surged from less than $1 billion in 1995 to $18.23 billion in 2015. In 2018, Vietnam's exports per capita were $2.86k and its imports per capita were $2.65k. Trade: The top exports of Vietnam are Broadcasting Equipment ($42.8B), Telephones ($23.1B), Integrated Circuits ($16B), Textile Footwear ($11.4B), and Broadcasting Accessories ($8.81B). The top imports of Vietnam are Integrated Circuits ($23B), Telephones ($10.8B), Refined Petroleum ($8.56B), Light Rubberized Knitted Fabric ($5.79B), and Electrical Parts ($4.28B). NDO/VNA – Industrial property and ready-built factories remain the top choice of investors due to high demand, said experts from Savills Vietnam. By year-end, Vietnam seafood exports could reach a turnover of US$8.58 billion, around the same figure of 2019. Trade Flow. The US remained Vietnam’s largest export market, spending 37.6 billion USD on imports from the country, a year-on-year rise of 49.8 percent. Articles of iron or steel: $4.2 billion (1.5%) Cotton: $4 billion (1.4%) Vietnam’s top 10 imports equal about two-thirds (67%) of the overall value of the country’s total product purchases from foreign suppliers. Vietnam’s market value stood at $29 billion at the end of 2020. U.S. imports from Vietnam include apparel, footwear, furniture and bedding, agricultural products, seafood, and electrical machinery. India is a fast-growing export corridor for Vietnam with 11 per cent average … The top three U.S. imports from Vietnam, also by value, were Cell phones, related equipment, (2) Furniture, parts, and (3) Seats, excluding barber, dental. More stories at Vietnam Insider’s homepage. One year since the implementation of the EU-Vietnam Free Trade Agreement (EVFTA), two-way trade turnover between the country and the EU reached US$54.87 billion, an increase of 12.1% compared to the same period last year, of which exports and … The largest footwear brands, such as … The United States, China, Japan, and the Republic of Korea remain the four largest consumers of Vietnamese agricultural exports. India is a fast-growing export corridor for Vietnam with 11 per cent average … Vietnam’s 10 biggest trading partners. Vietnam exports for 2020 was $287.76B, a 2.87% increase from 2019. Vietnam Imports 2019 The total trade value between Vietnam and its 10 biggest trading partners accounts for 72 per cent of the country’s total import export value. Vietnam has been identified as the biggest beneficiary of the US-China trade war, gaining around 7.9% of its gross domestic product directly from new business created by the conflict. Seafood exports are set to continue a two-digit growth rate since September. Oil production rose rapidly to 403,300 barrels per day (64,120 m 3 /d) in 2004, but output is believed to have peaked and is expected to decline gradually. In 2019 Vietnam and the European Union signed a free trade agreement which significantly boosted trading to the world’s largest bloc. Vietnam overtook Bangladesh last year to become the world’s second largest garment exporter with a turnover of US$29 billion, according to statistics from the World Trade Organization. Major agricultural products of Vietnam After Vietnam’s trade liberalization and agricultural reforms, both the volume of production and the … The USA and Mainland China will continue tobe the largest export corridors for Vietnam,accounting for 26 per cent and 19 per cent of total exports in2030, respectively. Indicator. The second biggest importer has been the Philippines which consumed 1.4 million tons worth $634.3 million in H1, up by 13.3 percent in volume and 30.5 percent in value. Exports structure of 30 - Pharmaceutical products - from Vietnam in 2020 represented by the following main commodity groups: 83% (171 million US$): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or … A surprising winner of the U.S.-China trade war, Vietnam’s economy is emerging as the latest supply-chain casualty of the pandemic. The country’s top 10 exports accounted for 73.4% of the overall value of its global shipments. (Photo: congthuong.vn) According to MARD, in October, exports of the products reached … Based on Vietnam export statistics, Vietnam’s exports totalled USD 264.6 billion in 2019, a gain of about 25% as compared to the previous year. According to the study, Vietnam is an emerging manufacturing powerhouse with expanding international trading relationships. Vietnam is the largest exporter of cashew nut in the world, but imports 65% of raw material, of which Nigeria is one of the major raw material suppliers in Vietnam. Coffee export revenue for Vietnam, the world's biggest producer of the robusta bean, will likely show a 12.6% increase to $2.6 billion in the 11-month period, the report said. Major export products of … Vietnam’s Internet economy is forecast to become the second largest in Southeast Asia over the next decade, with it being anticipated to reach a figure US$220 billion by 2030. 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. Vietnam has made it onto the list of the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting … 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. Vietnam’s top 500 businesses revealed. Vietnam’s footwear export economy is worth $22B/year. (Photo: CAND) In 2011, Vietnam’s top ten largest seafood exporters accounted for over 20 percent of the country’s total export turnover. If the figures are to go by, Vietnam is perceived to be one of the biggest beneficiaries of US-China trade disputes, especially related to fashion and fabric companies. The United States, China, Japan, and the Republic of Korea remain the four largest consumers of Vietnamese agricultural exports. Although agriculture still employs more than half of the population and manufacturing accounts for a mere 8 percent of all employment, the output value of both manufacturing and services surpassed that of agriculture in the early 1990s. Vietnam - Vietnam - Agriculture, forestry, and fishing: Agriculture is fading as the most important economic sector in Vietnam. The Economic complexity Index (ECI) is a powerful dimensionality reduction technique used to predict and explain future economic growth, income inequality, and greenhouse gas emissions. Country. Trade Flow. 1. As of November, major seafood market for Vietnam such as the US, EU, China have all witnessed a surge in growth of 25%, 30% and 15%, respectively. In one of the most dramatic shifts in the recent history of furniture imports, Vietnam has overtaken China as the largest exporter of finished goods to the U.S. market. Let’s have a detailed analysis of Vietnam’s top exports with Vietnam export statistics of 2016. The … Meanwhile, the share of Vietnam in global RMG exports stood at 6.4% in 2020, up from 6.2% a year earlier. Notably, farm produce exports to the US reached over US$11.9 billion, accounting for 27.5% of the overall market share, while exports to the Chinese market hit nearly US$8.4 billion, duly making up 19.2% of market share. Vietnam's Biggest Exports: The Top Four Of 2019 | Vietcetera Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%) It was followed by China with nearly 7.5 billion USD, and Japan with over 2.6 billion USD.Conversely, the US also became the largest export market of agricultural products to Vietnam with value of nearly 3.3 billion USD, accounting for a 9.2% market share.Processing agricultural products for exports.
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