Standards for exports to Kazakhstan are already stipulated in Vietnam's free trade agreement with the EAEU. Since 2010, Viet Nam's GDP growth has been at least 5% per year, and in 2017 it peaked at 6.8%. Download Historical Data Save as Image Data Source: World Bank The industry plays an important role in Vietnam's agriculture economy and is an export oriented industry with more than 90 percent of production volume exported. For questions, please contact the U.S. Embassy in Hanoi, Vietnam at usda4circ25@gmail.com. Vietnam's total exports came in at $336.31 billion, while its imports rose 26.5% to $332.23 billion, resulting in a trade surplus of $4.08 billion, the Customs Department said in a statement. 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 (Vietnamese: Việt Nam, [vîət nāːm] ()), officially the Socialist Republic of Vietnam, is a country in Southeast Asia. In 2013, the top foreign markets (with their respective shares) for the Dutch fish and seafood products were Germany (18.7%), Belgium (15.3%), France (12.5%), Italy (9.1%), and Spain (6.5%). U.S. agricultural exports to Vietnam increased by 40 percent in value in the last five years. In 2017, Vietnam's trade as a percentage of GDP reached over 200%. Vietnam is a country on the rise, and here are its 10 largest exports. In Afghanistan, grapes are the top export, valued at $237 million.Almost one-fifth of Afghanistan's exports come from the grape industry. Vietnam's economic freedom score is 60.6, making its economy the 84th freest in the 2022 Index. The three countries accounted for 70% of the world's rice exports. The most recent data for war-torn Syria shows spice seeds at the top export. Vietnam continues to benefit a lot more from the fabrics and textile export industry, which is accounting for approximately 15% of Vietnam's entire exports. Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction. 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. Last year, Vietnam's trade value topped 668 billion USD with exports accounting for 336 billion USD, up 19 percent year-on-year. In fact, in 2019, the European Union exported a total of 5.6 million motor . Most of all, Vietnam is ranking among the top 5 leading fabric exporters internationally. HERE are many translated example sentences containing "EXPORTING AND IMPORTING COUNTRIES" - english-vietnamese translations and search engine for english translations. Population figures based on United Nations data. In 2021, the export value for Vietnam's coffee reached US$3.1 billion. The Russian Federal Customs Service (FCS) has released data that shows for the first ten months of 2021, Russia's total exports reached $388.4 billion, an increase of 42.8% over 2020. As per Vietnam trade statistics, the country shipped goods worth US$ 290 billion in 2018. Vietnam economy rankings: GDP - 47, GDP growth 5-year average - 17, GPD per capita - 138, economic freedom index - 116, business freedom index - 86 . This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Overview. For example, Vietnam's Exports rank is higher than 88.24% of the countries in the dataset. A 2018 report by Google and Singaporean investment company . In 2021, Vietnamese exports of fruits and vegetables to European markets increased by +17.4% in value and represented an 8.5% share in the country's total export value. The primary variety of rice exported by India is the aromatic . According to the updated IMF forecasts from October l 2021, GDP growth in Vietnam is expected to reach 6.6% in 2022 and 6.8% in 2023, subject to the post-pandemic global economic recovery. Vietnam exports for 2020 was $287.76B, a 2.87% increase from 2019. Europe. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Research Expert covering Vietnam Get in touch with us now , Nov 23, 2021 The statistic shows the export value of cosmetic products between Vietnam and selected Asia Pacific countries in 2018,. Is Vietnam a rich country? In March 2020, export turnover of textile and apparel to Japan took the lead, followed by Canada and Australia. Middle East. U.S. exports to Vietnam grew by 23.3% in 2015 and by 43.2% in 2016, resulting in a two-year increase of 77.1%. The combined trade of Vietnam with Russia and Ukraine stood at 7.6 billion U.S. dollars in 2021, accounting for 1.2 per cent of Vietnam's total import-export turnover, according to data from the . Preliminary Exports by some main country groups, countries, territories and by main goods In 2021 (.xls) Preliminary Imports by some main country groups, countries, territories and by main goods In 2021 (.xls) Preliminary Exports of some main goods by main countries and territories In 2021 (.xls) Thus, in the first 3 months of this year, Vietnam's textile and garment exports to some CPTPP countries reached the US $ 1.2 billion, an increase of 2.1% over the same period last year. This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Translations in context of "EXPORTING AND IMPORTING COUNTRIES" in english-vietnamese. Coffee is the country's second export commodity, after rice. HS Code. Of . This amount is up 21 percent since 2017 and is expected to . World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Vietnam's total export value in the first quarter of 2020 rose by 8.1% year-on-year and its trade surplus was US$3.84 billion. In case you weren't aware, oil is a pretty big deal in the Middle East. Although U.S. consumer-oriented products exports . Whereas its GDP per capita was barely $230 in 1985, it was more than ten times that . Vietnam is the second top coffee-producing country in the world. Vietnam is currently, the world's second-largest coffee exporter, behind only Brazil. France delivered major weapon systems to 78 countries during the last five years, among which Egypt was the biggest importer, followed by India and Saudi Arabia. Preliminary Exports by some main country groups, countries, territories and by main goods In 2021 (.xls) Preliminary Imports by some main country groups, countries, territories and by main goods In 2021 (.xls) Preliminary Exports of some main goods by main countries and territories In 2021 (.xls) The importer would be responsible for the product declaration. White rice 5% was. Therefore, the two countries can promote cooperation to create new values. There are a few exceptions: Israel's top export is diamonds, Jordan's is fertilizers, and Lebanon specializes in jewelry. How to interpret the graph: The purpose of this graph is to take a snapshot of a country's economy in comparison to other economies. Informal Economy Size. 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. Bui Huy Son, Minister Counsellor and head of Vietnam's Trade Office in the U.S., said bilateral trade surpassed USD 100 billion for the first time in 2021, which was a highly important achievement amid the COVID-19 pandemic and disrupted global supply chains. Of . Vietnam now exports agricultural products to 185 countries, ranking second in Asia and 15th worldwide. Vietnam is ranked 18th among 39 countries in the Asia-Pacific region, and its overall score is . Vietnam: 105.5%: 2020 24 Despite the challenges of the COVID-19 pandemic, Vietnam's economy has remained resilient, expanding by 2.9 percent in 2020—one of the highest growth rates in the world—and growth is projected to be 6.5 percent in 2021, thanks to strong economic fundamentals, decisive containment measures and well-targeted government support, according to the IMF's latest annual assessment of the . This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. The higher costs of production, and higher export costs coupled to uncertain demand in key markets, are the main . Preliminary Exports by some main country groups, countries, territories and by main goods In 2020 (.xls) Preliminary Imports by some main country groups, countries, territories and by main goods In 2020 (.xls) Preliminary Exports of some main goods by main countries and territories In 2020 (.xls) You can monitor shipment details of your competitors from Vietnam shipment data and analyse their imports, exports and trading partners. Government estimates showed the Vietnamese . Vietnam Exports By Country Value Year; United States: $77.07B 2020 China: $48.88B 2020 Japan: $19.27B . Samsung is the biggest exporter of Vietnam, and in a long time, the brand aided the nation to attain a trade surplus. Vietnam - Exports Following Q4's strong rebound, GDP growth in Q1 of 2022 slowed slightly. Kazakhstan is not as strict as the EU market. Vietnam was a major beneficiary of enhanced trade ties; in 2017, Vietnam held a $38 billion trade surplus with the United States. amounted to 0.991% of total exports from Vietnam (cumulative merchandise exports from Vietnam totalled $ 281 billion in 2020). Exports to Vietnam of U.S. consumer-oriented products enjoyed a record year in 2018, reaching $977 million. Standards for exports to Kazakhstan are already stipulated in Vietnam's free trade agreement with the EAEU. Import; Export; Balance of trade; Trade law; Trade pact; Trade bloc; Trade creation; Trade diversion; Export orientation; . The 5 biggest coffee shippers (Brazil, Switzerland, Germany, Colombia, Vietnam) account for almost half (48.8%) of all exported coffee in the latest annual reporting period. Kazakhstan is also a country abundant in cotton and wool, while Vietnam manufactures products from these materials. $1,135 billion. Vietnam Trade Statistics. The major coffee export in Vietnam is the Robusta variant, which accounts for about 40% of the world's total supply, making Vietnam responsible for a huge chunk of the world's coffee supply 6. Vietnam exceeded its 2017 GDP growth target of 6.7% with . Exports The top exports of Vietnam are Broadcasting Equipment ($42B), Telephones ($21.4B), Integrated Circuits ($19.4B), Textile Footwear ($8.9B), and Office Machine Parts ($7.68B), exporting mostly to United States ($77B), China ($49.4B), Japan ($20.4B), South Korea ($19.6B), and Hong Kong ($13.8B). Total Exports (2019) $264,610,322,649 : Total Imports (2019) $253,442,015,854 Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Due to the heavy demand from the manufacturing companies, Vietnam exports its wide range of products to foreign countries. Bui Huy Son, Minister Counsellor and head of Vietnam's Trade Office in the U.S., said bilateral trade surpassed USD 100 billion for the first time in 2021, which was a highly important achievement amid the COVID-19 pandemic and disrupted global supply chains. 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. Vietnam exports for 2017 was $227.35B, a 18.29% increase from 2016. According to the IMF, government debt reached 46.3% of GDP in 2020, up from 43.6% a year earlier, and 47.9% in 2021. Simultaneously, the country has shifted its economy away from agriculture towards manufacturing, increased exports, and effectively integrated itself into the global market. 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 is a growing market for consumer-oriented products, reaching USD 13.1 billion in 2020. Export value fell by just 0.4 per cent in 2020 despite the Covid-19 crisis, the statistics office noted. The share of commodity group 1006 in total exports from Vietnam increased by 0.071 p.p. Month. The industrial sector grew thanks to healthy gains in manufacturing and despite rising fuel, transport and input material prices and a labor shortage induced by the most recent Covid-19 wave. Chart View In the last years, Vietnam's exports have doubled as competitive minimum wage and low costs of utilities boosted foreign direct investment in the manufacturing sector. 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. the latest available country-specific data shows that 71.9% of products exported from vietnam were bought by importers in: united states (23.2% of the global total), china (15.7%), japan (7.7%), south korea (7.5%), hong kong (2.7%), netherlands (2.6%), india (2.5%), germany (2.5%), united kingdom (2.2%), thailand (1.9%), united arab emirates … Japan's major exports include automobiles (Toyota, Honda, Nissan, Mazda, Suzuki, more) and automobile parts, integrated circuits and electronic devices (Nintendo, Panasonic, Sony, and many more). Vietnam Exports By Country Value Year; United States: $77.07B 2020 China: $48.88B 2020 Japan: $19.27B . Despite the latest . 2008 In 2008, major countries to which Vietnam Exported include United States, Japan, China, Australia and Singapore Country Vietnam Year/Range 2008 Trade Flow Export Vietnam Imports 2008 Please note the exports, imports and tariff data are based on reported data and not gap filled. In 2019, Vietnam's export turnover of agro-forestry-fishery products reached nearly $41.3 billion, occupying 15.6 per cent the country's total export . At present, China is known as Vietnam's biggest export market, followed by the US. Located at the eastern edge of mainland Southeast Asia, it covers 311,699 square kilometres.With a population of over 96 million, it is the world's fifteenth-most populous country.Vietnam borders China to the north, Laos and Cambodia to the west, and shares . NOTE: Under Vietnam's Decree 15 process, the export of processed meat and poultry products no longer require submission of "Circular 25 (now referred to as "Decree 15") Appendix 3". This page displays a table with Vietnam Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Total import-export turnover between Viet Nam and other CPTPP member countries reached nearly $74.5 billion in 2018, accounting for 15.5 per cent of the country's total import-export value. Kazakhstan is not as strict as the EU market. The fish and seafood product exports from Netherlands totalled $3.13 billion USD annually, as per the recent estimates by the International Trade Center. Across the European continent, the automotive industry stands out as a primary driver of exports, with 14 countries having cars or vehicles as their most exported good.. With such rapid economic growth, the country grew from one of the poorest countries in the world to a comfortably middle-income one. 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, U.S. seek stronger economic, trade, investment partnership. Vietnam has appeared as a major exporter of electronics, with electrical and electronic devices taking over coffee, rice, and fabrics to become the top export item in the country. Vietnam Association of Seafood Exporters and Producers (VASEP) has expressed a cautious optimism about sales of pangasius in 2022, as challenges caused by the COVID-19 pandemic will continue to face the industry in the new year. According to Decree No. and machinery with the export value of $38.99 Bn. Details may not equal totals due to rounding. Please check the Data Availability for coverage. Last published date: 2021-09-15. GDP (Offical) - Data Quality Rating. With the help of our customs-based Vietnam trade data, you can determine factors for driving . 2022 : U.S. trade in goods with Vietnam. Table reflects only those months for which there was trade. Gross Domestic Product (GDP) Share of Global GDP. He said that despite many difficulties caused by the prolonged COVID-19 pandemic, Vietnam remained one of the countries with large export turnover in the region and world. Vietnam's GDP Data Quality Ratings. The country's key defence exports include the Rafale fighter jet, NH-90 helicopter, Gowind-2500 frigate, MILAN anti-tank missile, and the MICA SAM system, among others. Kazakhstan is also a country abundant in cotton and wool, while Vietnam manufactures products from these materials. A critical review of the GDP data produced by Vietnam's national statistics office. Geography - note. Vietnam exports for 2018 was $259.51B, a 14.15% increase from 2017. Vietnam's exports 2020 by country Top export destinations of commodities from Vietnam in 2020: USA with a share of 27% (77 billion US$) 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$) Hong Kong with a share of 3.7% (10.4 billion US$) . Mar 3, 2022 As of October 2021, Vietnam exported approximately 1.9 million metric tons of jasmine rice, making it the leading rice grade among the country's total rice exports. Explore the latest economic complexity rankings for countries, products, states, and provinces using the OEC. However, Vietnam's biggest export markets will be adversely affected in the future when the U.S. has just adopted social distancing since the end of March and the disease is spreading in European Union (EU) countries. Yet integration with global manufacturing has kept Vietnam's economy humming during the pandemic. The country is world's 2 nd largest textile exporter and . Vietnam, U.S. seek stronger economic, trade, investment partnership. Vietnam Economy. This has been due to a number of factors, not least being a Covid recovery, but also soft fundamentals as Russia has actively been seeking new export markets . Product Description. Our Vietnam customs data covers shipment information of commodities which are imported or exported by the country. New infrastructure has given Vietnamese citizens easy access to the internet - and propelled their country across the digital divide. USA holds the top position accounting for 23 % of the export with a value of 61 billion USD. 187/2013/ND-CP, Vietnam currently prohibits the importation of a few products, including: weaponry, ammunition, explosive (excluding industrial explosives), military technical equipment (The Ministry of National Defense shall publish a list of goods with HS codes in the Import and Export . Year over year, the value of globally exported coffee gained 5.8% from 2019 to 2020. note 1: extending 1,650 km north to south, the country is only 50 km across at its narrowest point note 2: Son Doong in Phong Nha-Ke Bang National Park is the world's largest cave (greatest cross sectional area) and is the largest known cave passage in the world by volume; it currently measures a total of 38.5 million cu m (about 1.35 billion cu ft); it connects to Thung cave . 0.7%. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. The coffee beans are . compared to 2019 (it was 0.919% in 2019 and cumulative exports from Vietnam were equal to $ 264 billion). In 2020 GDP rose by 2.9% even as most countries recorded deep recessions. According to the latest figures of 2016/2017, the five principal rice exporting countries in the world are India, Thailand, Vietnam, Pakistan, and the United States in decreasing order of amount of rice exported. Latest official GDP figures published by the World Bank. GDP Data Base Year. This is about 36 billion US dollars by the year 2018. Check export statistics of Vietnam recorded last year which shows trade figures of top 10 export commodities. Vietnam exports for 2019 was $279.72B, a 7.79% increase from 2018. In 2017, Vietnam exported over $213 billion US dollars worth of goods and materials - and that number is growing by double-digit percentages. Located at the eastern edge of mainland Southeast Asia, it covers 311,699 square kilometres.With a population of over 96 million, it is the world's fifteenth-most populous country.Vietnam borders China to the north, Laos and Cambodia to the west, and shares . Vietnam is predicted to surpass Brazil and become the leading country to export coffee. With an export turnover of USD 37.93 Bn, Vietnam is the top 4th global exporters of . Vietnam's top 10 exports accounted for more than 70% of the overall export shipments. Vietnam (Vietnamese: Việt Nam, [vîət nāːm] ()), officially the Socialist Republic of Vietnam, is a country in Southeast Asia. Key Points. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. In Europe, consumer demand remains solid and allows us to predict a further increase in Vietnamese exports this year. Coffee. In 2020, Vietnam was the seventh largest market for U.S. agricultural exports, at USD 3.4 billion. Vietnam Exports-by-country - डेटा - आर्थिक संकेतक. This is a list of countries by exports of goods and services, based on World Bank's data. This was by far the largest increase out of our major trade partners, and not just in percentage terms. 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