Our revolutionary technology changes the way individuals and organizations discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. Bilateral trade rose by over 63-fold from US$245 million in 2000 to US$15.6 billion in 2020, including US$8.3 billion in Vietnam's exports. Vietnam - The World Factbook - Central Intelligence AgencyVietnam PM promises economy will rebound from COVID-19 hit The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Merchandise Trade summary statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year The country comes in second for rice exports, with 19.6 percent farmland and 69 percent irrigated land available for farming. In 2014, Vietnam replaced India to be shortlisted in 10 biggest exporting countries to American market. "The export is done through Prey Veng province and there are a total of 10,524 tonnes per day, but on some days 22,131 tonnes have been exported to Vietnam, " he said. Footwear products were responsible for 11 percent of Vietnamese exports to the U.S., ranking third among all categories. Vietnam leads furniture exports, but gap is small ... Line Bar Map. Vietnam's exports are likely to rise 10.7% in 2021, with annual inflation expected below 4%, the prime minister said on Wednesday, promising lawmakers that economic revival lay ahead. In 2020, consumer electronics and textiles and garments each accounted for 24 percent of the total exports, hence being the largest exports to the United States from Vietnam. Vietnam exports for 2018 was $259.51B, a 14.15% increase from 2017. Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. Made in Vietnam: The Country's Top 10 ExportsExport Requirements by Country and Jurisdiction (N-Z) - NOAAList of countries by exports - Wikipedia Vietnam: Exports of goods and services as percent of GDP: For that indicator, we provide data for Vietnam from 1986 to 2020. The EU has become the largest importer of Vietnamese shrimp in value, with exports of US$ 839 mln. Vietnam Trade Statistics. This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. HANOI (Reuters) - Vietnam plans to spend 347 trillion dong ($15.25 billion) for the 2022-23 period to cushion the economic blow from the COVID-19 pandemic and assist businesses hurt by tough . 2020 Data Power generated from coals accounted for roughly half of the power supply in the country in recent years. Get country and jurisdiction-specific instructions and requirements for export. Over the last 10 years, U.S. exports to Vietnam increased by 330%, the best performance from our top 50 export markets. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. Export Requirements by Country and Jurisdiction (N-Z) The NOAA Seafood Inspection Program certifies U.S. seafood products for export to any country requiring health certification. Coffee. The Economy Of Vietnam - WorldAtlas Total Exports (2019) $264,610,322,649 : Total Imports (2019) $253,442,015,854 Trade Flow. The U.S. goods and services trade deficit with Vietnam was $68.0 billion in 2020. Machinery including computers was the fastest grower among the top 10 export categories, up by 82.3% from 2019 to 2020. The manufacturing PMI inched further into expansionary territory in November—having rebounded in October following four straight months of deteriorating conditions—indicating an accelerating recovery on a demand-driven increase in production. This is the highest level for any country with over 50 million people in the World Bank's data, which goes back to 1960. Vietnam: share of exports to the U.S. by product category ... Vietnam exports for 2020 was $287.76B, a 2.87% increase from 2019. Vietnam increases cement and clinker exports in first 11 ... Details may not equal totals due to rounding. As of 2017, Vietnam is the largest ASEAN supplier to the U.S. with a net export value of US$48.43 billion. Vietnam's main exports include crude oil, seafood, rice, shoes, wooden products, machinery, electronics, coffee, and clothing. by country and region. Vietnam exports for 2017 was $227.35B, a 18.29% increase from 2016. , Jun 4, 2021. The change in exports was -0.23 percent and the change in imports was 15.63 percent. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. This page provides the latest reported value for - Vietnam Exports - plus previous releases . Relatedness measures the distance between a country's current exports and each product. (Photo for illustration) The U.S. goods trade deficit with Vietnam was $69.7 billion in 2020. Vietnam is predicted to surpass Brazil and become the leading country to export coffee. HS Code. Vietnam's coffee exports in the first 11 months of this year are expected to show a 4.4% drop from a year earlier to 1.36 million tonnes, while rice exports will likely post a 0.8% increase . Exports in Vietnam averaged 8.20 USD Billion from 1990 until 2021, reaching an all time high of 29.65 USD Billion in March of 2021 and a record low of 0.54 USD Billion in February of 1997. Year/Range. Minh-Ngoc Nguyen. The top export opportunities for Vietnam according to the relatedness index, are Fake Hair (0.33), Nutmeg, mace and cardamons (0.32), Other Knit Clothing Accessories (0.32), Coconut Oil (0.31), and Jute Woven Fabric (0.31). Methods of Payment. The latest value from 2020 is 106.12 percent. This is a list of countries by merchandise exports, based on UN COMTRADE and ITC statistics. 8. Goods exports totaled $9.9 billion; goods imports totaled $79.6 billion. Please check the Data Availability for coverage. Bilateral trade rose by over 63-fold from 245 million USD in 2000 to 15.6 billion USD in 2020, including 8.3 billion USD in Vietnam's exports. The economy of Vietnam is a mixed socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Vietnam ranked No. Vietnam - Exports A solid rebound appears likely in Q4 after the economy slumped into a historic contraction in Q3. In 2018, the value export of pangasius to the market of 10 countries CPTPP reached US$328.3 million, up 17.3% over the previous year. Agriculture in Vietnam. Is Vietnam a rich country? The average value for Vietnam during that period was 58.19 percent with a minimum of 3.95 percent in 1988 and a maximum of 106.8 percent in 2019. In particular, the export value to most countries achieved positive growth, except for the two Mexican . Vietnam can already import the raw materials under the ASEAN-China FTA, but Vietnamese-manufactured exports to countries other than China or other ASEAN members are not considered to have been . Given Vietnam's population of 95.5 million people, Vietnam's total value of exports translated to roughly USD 3,200 for every resident in the Southeast Asian nation. Vietnam Top 10 Export Countries. Please note the exports, imports and tariff data are based on reported data and not gap filled. List of countries by merchandise exports by ITC. Exports of goods and services (% of GDP) World Bank national accounts data, and OECD National Accounts data files. Therefore, while the Vietnamese consumer remains a driver of FDI, it is possible that the routes foreign firms need to take to reach the consumer . Vietnam Exports-by-country - 数据 - 经济指标. Many opportunities for Vietnam pangasius exports to 10 CPTPP countries. In 2017, Vietnam's trade as a percentage of GDP reached over 200%. At least 30 percent of exports are crops grown year around. Merchandise Trade statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Vietnam Exports by country and region 2019 In 2019, major countries to which Vietnam Exported include United States, China, Japan, Korea, Rep. and Hong Kong, China. The country's full-year cement and clinker exports in 2020 were 38.4Mt, with a total value of US$1.44bn. Label. Vietnam - Exports A solid rebound appears likely in Q4 after the economy slumped into a historic contraction in Q3. Vietnam: Vietnam exported 43Mt of cement and clinker in the first 11 months of 2021, up by 24% year-on-year from 11-month export volumes in 2020. Tourism plays a significant role in the economy of Vietnam and in 2012 the country received approximately 6.8 million visitors from different countries around the world. The manufacturing PMI inched further into expansionary territory in November—having rebounded in October following four straight months of deteriorating conditions—indicating an accelerating recovery on a demand-driven increase in production. The coal export value in the country had been decreasing drastically in the last decade. Vietnam has earned nearly US$336.25 billion from exports in 2021, up 19 per cent from the previous year, says the country's Ministry of Industry and Trade. The revised law regulates the implementation of a national singular form in customs operation that applied . Total Exports (2019) $264,610,322,649 : Total Imports (2019) $253,442,015,854 Local companies with acceptable credit . Check export statistics of Vietnam recorded last year which shows trade figures of top 10 export commodities. Vietnam is a country on the rise, and here are its 10 largest exports. Sales of commodity group 1006 from Vietnam went up by 14.6% compared to 2019: exports of commodity group 1006 "Rice." went up by $ 356 million (cumulative exports of commodity group 1006 from Vietnam amounted $2.43 billion in 2019) Its overall score has increased by 2.9 points, primarily because of an improvement in fiscal health. Optical, technical, medical apparatus: $5.7 billion (1.6%) Vietnam's top 10 exports accounted for over three-quarters (77.1%) of the overall value of its global shipments. Exports in Vietnam increased to 34.50 USD Billion in December from 31.87 USD Billion in November of 2021. Electronics exports last year were stood at a record $96 billion, or a third of the country's total exports. Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. In the period between 1994 and 2004, the contribution to the GDP by the service sector averaged about 6%. Vietnam's total trade with the United States was $9.98 billion in October, a change of 14.20 percent from the same month one year ago. Vietnam's economic freedom score is 61.7, making its economy the 90th freest in the 2021 Index. License : CC BY-4.0. Vietnam Exports of tobacco and manufactures tobacco substitutes to Netherlands - data, historical chart and statistics - was last updated on January of 2022. Vietnam Imports 2019 Most U.S. firms exporting to Vietnam conduct business using various methods of payment, such as letters of credit (L/C's), drafts, and wire transfers. A swine flu pandemic has put upward pressure on prices, but Vietnam's strong currency and low oil prices help to keep inflation at a manageable level. As per Vietnam trade statistics, the country shipped goods worth US$ 290 billion in 2018. 29/2001/QH10 and Law No. Sub-sectors of the digital economy such as e-commerce, digital banking, and online gaming represent nascent and high-growth areas of consumer demand that investors could target. As per Vietnam export data, Vietnam was 22nd exporter country in the world during 2019. The world aggregation represents the sum of reporting and non reporting countries. Vietnam economy rankings: GDP - 47, GDP growth 5-year average - 17, GPD per capita - 138, economic freedom index - 116, business freedom index - 86 . In 2020, the export value of base metals from Vietnam to the European Union amounted to 1.03 billion euros. Month. In 2020, consumer electronics and textiles and garments each accounted for 24 percent of the total exports, hence being the largest exports to the United States from Vietnam. Vietnamese companies often resist the use of confirmed L/C's because of the additional cost and collateral requirements from banks. Coffee. Meanwhile, Vietnam has had several investment projects worth hundreds of millions of USD in this region. Vietnam's exports rise sharply in 2021. Vietnam Economy. The service industry in Vietnam accounts for 38.2% of the country's GDP. Vietnam currently has trade ties with all the 33 Latin American countries. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. Vietnam exports for 2019 was $279.72B, a 7.79% increase from 2018. Vietnam Exports By Country - was last updated on Tuesday, January 4, 2022. In 2020, the value of coal exports from Vietnam amounted to 119.62 million U.S. dollars. Vietnam's exports 2020 by country . Vietnam exceeded its 2017 GDP growth target of 6.7% with . The largest industries here are services which make up 49.75% of the GDP, industry which makes up 33.25%, and agriculture which makes up 17% of GDP. Meanwhile, Vietnam has had several investment projects worth hundreds of millions of USD in this region. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Electrical equipment According to the Observatory of Economic Complexity , a web tool which uses data from the United Nations, electrical gear and related equipment makes up the largest export category in Vietnam. Vietnam in terms of export revenues. Vietnam Exports By Category - was last updated on Wednesday, January 5, 2022. Country. 42/2005/QH11 on amendments. Exports and imports value by months of 2021. This country of over 93 million consumers with a positive view towards the United States exhibits the demographics needed for continuous growth over the next twenty years, and it is a rising star among Asia's bustling economies. In the same year, total exports from Vietnam to the European Union reached around 34.42 billion euros. Preliminary data tables of months in 2021 about Exports of goods, Imports of goods, Imports and exports by country group, country and territory, Exports by some main country groups, countries, territories and by main goods, Imports by some main country groups, countries, territories and by main goods . They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. As per the 2021 record, the total exports of Vietnam are 26.55 billion USD that is about 10.5% less than last year's figure.. Due to the heavy demand from the manufacturing companies, Vietnam exports its wide range of products to foreign countries. 2021 : U.S. trade in goods with Vietnam. Between 1975 and the late 1980s, Vietnam traded mainly with other communist countries, but since the collapse of the Soviet Union in 1990, it has expanded trade with other nations. Top export destinations of commodities from Vietnam in 2020: USA with a share of 27% (77 billion US$) China with a share of 17.3% (48 billion US$) Japan with a share of 6.84% (19.2 billion US$) Korea with a share of 6.79% (19.1 billion US$) Hong Kong with a share of 3.7% (10.4 billion US$) Vietnam Exports of tobacco and manufactures tobacco substitutes to Netherlands was US$544.1 Thousand during 2018, according to the United Nations COMTRADE database on international trade. It had ranked No. This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. 54/2014/QH13 was adopted to replace for the Law No. 8 for the same month last year. The U.S. continues to work with Vietnam to monitor implementation of the WTO Customs Valuation Agreement. In 2014, the Customs Law No. Viet Nam News has reported that the value of Vietnam's cement and clinker exports rose by 28% to US$1.67bn. Download Historical Data. The value of exports of commodity group 1006 "Rice." from Vietnam totalled $ 2.79 billion in 2020. Table reflects only those months for which there was trade. As demand from Vietnam and other countries in South East Asia, West Asia and Africa grew, India's beef exports grew in high double-digits and peaked at 1.47 million metric tonnes in 2014-15 . In fact, Vietnam is likely to become the wealthiest Southeast Asian country in terms of trade. Research Expert covering Vietnam. Product Description. In its ' Report on Vietnam Seafood Exports in 2017' , VASEP reports US$ 878 mln of black tiger shrimp exports and US$ 2.5 bln of Pacific white shrimp exports. Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam is predicted to surpass Brazil and become the leading country to export coffee. Vietnam exported 3.5 billion USD worth of coffee in 2018 and this number is expected to be even higher by the end of 2019 going into 2020.. Vietnam exported 3.5 billion USD worth of coffee in 2018.. Vietnamese coffee has, in recent years, become popular abroad because of its strength and flavor. Vietnam exported 3.5 billion USD worth of coffee in 2018 and this number is expected to be even higher by the end of 2019 going into 2020.. Vietnam exported 3.5 billion USD worth of coffee in 2018.. Vietnamese coffee has, in recent years, become popular abroad because of its strength and flavor. Vietnam Exports-by-country - Data - Økonomiske Indikatorer. In 2000, major countries to which Vietnam Exported include Japan, China, Australia, Singapore and Other Asia, nes. Footwear products were responsible for 11 percent of Vietnamese exports to the U.S., ranking third among all categories. For comparison, the world average in 2020 based on 140 countries is 40.38 percent. Vietnam's top 10 exports accounted for more than 70% of the overall export shipments. Vietnam currently has trade ties with all the 33 Latin American countries. 10 among U.S. trade partners in October. 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