To derive business intelligence from custom and trade import data, businesses require fast, responsive, and easy-to-understand business strategies to acknowledge the current global environment, grab potential opportunities, and stay ahead of their competitors.
Vietnam Import Data and trade statistics is a collection of data that is recorded and based on factual information such as invoices, import-export bills, shipping bills, and some other import-export documents required across international borders for trading goods.
The global import-export data provided by EXiM trade data is designed to help businesses analyze the current market environment, demand, and the current flow of the import-export trade market in real-time. You can get instant access to multiple import-export trade data with EXiM trade data
What Are The Major Imports & Exports Of Vietnam?
❖ Major Imports Of Vietnam
Articles of Iron & Steel (1.6%), Cotton (1.7%), Machinery (9.2%), Vehicles (2.5%), Mineral Fuels & Oils (6.1%), Iron & Steel (4.4%), Plastics & Articles (6.2%), Optical, Photographic, Medical Equipment (3.5%), Knitted or Crocheted Fabrics (2.1%), and Electrical Machinery & Equipment (30.6%) are some of the major import categories of Vietnam.
As per Vietnam import trade data and its import trade statistics, in the year 2019, its top ten import products accounted for 67.9 percent of the overall value of Vietnam shipments.
From 2018 to 2019, up by 52.2%, among top import categories, vehicles represented the fastest growth.
❖ Major Exports Of Vietnam
Plastics & Articles (1.8%), Edible Fruits & Nuts (2.1%), Footwear & Gaiters (7.1%), Furniture, Bedding, Mattresses, etc. (3.5%), Knitted or Crocheted Apparel & Clothing (5.6%), Machinery (4.9%), Fish & Crustaceans (2.3%),Optical, Photographic, Medical Equipment (1.9%), Not Knitted or Crocheted Apparel & Clothing (5.7%), and Electrical Machinery & Equipment (36.7%) are some of the major export categories of Vietnam.
Market research reports and Vietnam export trade statistics disclose that in the year 2019, Vietnam’s top 10 export commodities accounted for 71.6 percent of the overall value of shipments. Up by 66.3% from 2018 to 2019, lighting, signs, prefabricated buildings, furniture, bedding, represent the fastest growth among the top 10 export categories as per Vietnam export statistics.
What Countries Are The Major Import-Export Partners Of Vietnam?
❖ Top Import Partners Of Vietnam
India 1.8% ($ 4.5 billion), the United States 5.7% ($14.3 billion), South Korea 18.5% ($46.9 billion), Thailand 4.6% ($11.6 billion), Indonesia 2.3% ($5.7 billion), Japan 7.7% ($19.5 billion), Malaysia 2.9% ($7.2 billion), and China 29.8% ($75.5 billion) were the major import partners of Vietnam during 2019 according to Vietnam customs data and Vietnam import statistics.
❖ Top Export Partners Of Vietnam
India ($ 6.6 billion), Thailand ($5.0 billion), United States ($61.4 billion), South Korea ($19.7 billion), Netherlands ($ 6.8 billion), Japan ($20.4 billion), Germany ($6.5 billion), United Kingdom ($5.7 billion) and, Hong Kong ($7.1 billion), China ($41.3 billion) were the top export partners of Vietnam during 2019 as per the Vietnam import statistics.
CONCLUSION
To derive business intelligence from custom and trade import data, businesses require fast, responsive, and easy-to-understand business strategies to acknowledge the current global environment, grab potential opportunities, and stay ahead of their competitors.
EXiM trade data is one of the best, reliable, and trusted import-export trade data providers and market research companies.
For any query related to import-export trade data, connect to us at info@eximtradedata.com
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