Vietnam Global Import-Export Trade Value Is Projected To Hit $640-$645 Billion In 2021

 Vietnam’s Ministry of Industry and Trade recently forecast that Vietnam’s total import and export value for the year 2021 may reach $640 billion to $645 billion. The government ascribed this to the business community's efforts to overcome pandemic-related production challenges, particularly in the leather, textile, and garment industries.

Domestic firms can restore a growth rate similar to before the epidemic by the end of the year, according to the government. Telephone, electronics, machinery, and accessories, which have traditionally been strong export sectors, are expected to expand by 15-25 percent this year, according to the report.

However, the ministry said that firms face significant challenges, including a labor scarcity, particularly in southern areas, as well as a paucity of production supplies, high logistical costs, and limits imposed by COVID-19 preventive and control measures.

New Delhi, December 18 (KNN) – India and Vietnam have inked 12 agreements to strengthen trade and investment ties.

According to United News of India, it has reached an agreement in the fields of public health, pharmaceutical materials, medication and vaccine manufacturing, oil and gas, information technology and technology transfer, education, and tourism.

Vietnam Imports from India

Data of Vietnam imports suggest that steel & iron, pharmaceuticals products, meat & edible meat offal, electrical & electronic equipment, plastics, aquatics invertebrates, mollusks, fish & crustaceans, organic chemicals, tramway & vehicles other than railway, oleaginous fruits, seed, oilseeds, grain & fruits, and, animal fodder, waste of food industry & residue were the top imports of Vietnam from India according to Vietnam imports data 2020.

 

Vietnam top imports from India	Value in USD ($)	Reference Year
Steel and iron	$1.14 Billion	2020
Pharmaceuticals	$260.56 Million	2020
Meat and edible meat offal	$284.32 Million	2020
Electrical and electronic equipment	$247.01 Million	2020
Plastics	$172.86 Million	2020
Aquatics invertebrates, mollusks, fish & crustaceans	$228.18 Million	2020
Organic chemicals	$150.87 Million	2020
Tramway & vehicles other than railway	$158.30 Million	2020
Oleaginous fruits, seed, oilseeds, grain & fruits,	$160.88 Million	2020
Animal fodder, waste of food industry & residue	$145.59 Million	2020

Vietnam Export to India

As per Vietnam Customs Export Data, Vietnam top exports to India in the year 2020 were copper, boilers, machinery & nuclear reactors, electrical & electronic equipment, spices, mate, tea & coffee, articles of steel & iron,  rubbers, plastics, steel & iron, precious metal compound, inorganic chemicals & isotope, and gaiters & footwear were the top exports of Vietnam to India.

Import-export trade data from Vietnam is a sophisticated tool meant to aid merchants, manufacturers, and enterprises all over the world in making business-related decisions.

Exim's customs reports on import and export trade data from Vietnam will help you identify top importers and exporters, top brands, top manufacturers, and top merchants in the country. The data allows you to follow and monitor Vietnam trade shipping and trade operations.

You may buy Vietnam import and export trade data to get access to Exim's massive database of categorized directories and total transparency into the country's worldwide import-export activity. 

Export Performance Of Sri Lanka In The Year 2021, Sri Lanka Import-Export Data

 According to figures issued by Sri Lanka Customs and as per Sri Lanka Import-Export Trade Data, Sri Lanka's merchandise exports climbed by 16.71 percent to US$ 1,125.69 million in December 2021 compared to December 2020. In comparison to December 2019, there was a 12.48 percent rise in December 2021.

In December of this year, exports remained above one billion dollars for the sixth month in a row.

Hon. Trade Minister, Dr. Bandula Gunawardena, releasing the latest preliminary figures, praised exporters' contributions to the economy despite the extraordinary economic difficulties they faced, promising greater help to meet the $ 20 billion objectives this year.

Sri Lanka Export Summary of December 2021

Based on Sri Lanka Export Data, Apparel & Textile export earnings climbed 17.88 percent y-o-y to $ 531.05 million in December 2021, owing to excellent success in Apparel (17.56 percent) and Woven Fabrics exports (86.18 percent ). Exports of Made-Up Textile Articles fell by 31.14 percent year over year in December 2021 compared to December 2020.

Rubber and Rubber Finished Products export earnings climbed 17.57 percent year over year to $ 93.49 million in December 2021, thanks to good performance in shipments of Pneumatic and Retreated Rubber Tyres and Tubes (39.92 percent ).

Export profits of kernel goods, fiber products, and shell products classified as Coconut based grew by 30.15 percent, 6.3 percent, and 46.3 percent, respectively, in December 2021 compared to December 2020, according to the Sri Lanka export data list.

Export earnings from Coconut Oil, Desiccated Coconut, Coconut Milk powder, Coconut cream, and Liquid Coconut Milk, all of which fall under the category of Coconut Kernel Products, increased by 8.15 percent, 50.62 percent, 40.27 percent, 18.69 percent, and 33.98 percent in December 2021, respectively.

Coco Peat, Fiber Pith, and Molded Goods, which are classed under the Coconut fiber products category, rose by 8.83 percent to US$ 11.96 Mn in December 2021 compared to December 2020, making it the highest contributor to the Coconut based industry. In December 2021, earnings from Activated Carbon, which is classified as a Coconut shell product, climbed by 47.07 percent to US$ 14.68 million, compared to December 2020 according to Sri Lanka export data 2020.

Food and beverage export earnings climbed 40.71 percent to US$ 38.78 million in December 2021, compared to December 2020. This rise is mostly attributable to an increase in processed food exports (73.54 percent) and animal feed exports (57.81 percent ).

Electrical & Electronics Components export profits climbed 2.16 percent year over year to US$ 36.94 million in December 2021, owing to good performance in exports of Insulated wires & cables (23.87 percent), Switches, Boards & Panels (27.21 percent), and Electrical Transformers (64.8 percent ).

Sri Lanka export data list contains the names of its top export trading partner countries from all over the globe.

Spices & Concentrates export profits grew 32.48 percent year over year to US$ 43.98 million in December 2021, with Cinnamon (10.67 percent) and Pepper (10.67 percent) showing particularly robust growth (92.09 percent ).

When compared to December 2020, Seafood export revenues grew by 85.13 percent to US$ 26.64 million in December 2021. The rise was mostly due to higher revenues from the export of frozen fish (109.47%), shrimp and prawns (46.05%), fresh or chilled fish (105.47%), and other edible fish (55.07 percent ).

Furthermore, compared to December 2020, export revenues from ornamental fish surged by almost 100 percent to US$ 2.07 million in December 2021.

Major Exports of Sri Lanka During Jan-Dec 2021

Exports of Sri Lanka list 2020-2021,

Exported Goods	Jan-Dec 2020 Value in USD ($)	Jan-Dec 2021 Value in USD ($)	Growth in % (2020-2021)
Apparel & Textile	4,406	5,415.92	22.93%
Tea	1,241	1,324.38	6.72%
Rubber-based	816	1092.60	33.87%
Coconut-based	665	836.10	25.81%
Diamond, gems and jewelry	148	292.49	97.32%
Electronics and electronic components	328	421.42	28.38%
Spices and concentrates	335	456.71	36.14%
Processes food and beverages	351	443.98	26.36%
Seafood	190	274.07	44.40%
Ornamental Fish	13	20.97	60.94%
Vegetables	26	27.44	6.60%
Fruits	36	39.46	10.66%
Other export crops	68	68.58	1.46%
Flowers and foliage	13	16.20	28.47%
Boatbuilding	2	37.81	1482.01
Petroleum products	272	234.36	-13.77%
Other	1,137	1,472.80	29.53%
Total Merchandise exports	10,047	12,475.29	24.17%

Buy Sri Lanka export data year wise to gain insights into the trade activity of Sri Lanka exports that take place in this country throughout the year. Sri Lanka import-export trade data aid businesses, traders, and manufacturers from all around the globe in their business-related decision-making processes.

Sri Lanka trade statistics help you evaluate the overall supply, trends, and demand in the Sri Lankan trade market. This allows you to form your import-export business trade strategy based on the market demands and trends offering you grab more potential business opportunities for your global import-export trade business.

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