vietnam imports and exports 2019

The U.S. goods trade deficit with ASEAN was $154.9 billion in 2020. In second place for improving export sales was footwear via a 47% gain. Vietnam's Top 10 Exports 2020 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 Total Exports recorded 25.5 USD bn in Apr 2021, compared with 29.7 USD bn in the previous month. Merchandise trade statistics data for Vietnam (VNM) exports, to partner countries including trade value, number of product exported, Partner Share, and share in total products for year 2019 10 among U.S. trade partners in September. Imports of electric machinery and equipment accounted for 24% of U.S. imports from Vietnam and 37.6% of Vietnam's global exports in 2017. Arabica coffee export in Vietnam accounts for merely 4% to 5% of Vietnam's total coffee production. Exports in 2019 rose 8.4% to $264.189 billion, while imports rose 6.8% to $253.071 billion, the Customs Department said in a statement. Exports of goods and services (% of GDP) - Vietnam | Data For MY18/19, Post estimates that the export volume will drop about 4 percent from the USDA official With the help of our customs-based Vietnam trade data, you can determine factors for driving . Imports in Vietnam decreased to 29.80 USD Billion in November from 26.13 USD Billion in October of 2021. In 2020, Vietnam has set a target that the country's total import-export turnover will increase by 7-8 per cent on-year. Imports • Vietnam was the United States' 6th largest supplier of goods imports in 2020. For imported goods, import duties must be paid before receipt of consumer goods. Vietnam's exports of fruit and vegetables reached more than US$3.7 billion in 2019, down 1.9% compared to 2018, which was mainly due to the sharp decline in export quantity and revenue regarding the Chinese market, according to the Ministry of Agriculture and Rural Development. Our Vietnam customs data covers shipment information of commodities which are imported or exported by the country. License : CC BY-4.0. Key imports were electronics and machinery, the department said. Up to now, Vietnam's tuna export to the market has not had any sign yet. Vietnam exports for 2020 was $287.76B, a 2.87% increase from 2019. It should boost export turnover by 4 per cent. Most goods imported to Vietnam are subject to duty. Real GDP, exports and industry have all registered a growth. A 43.06% surge in exports to China is one of two pronounced changes in U.S. trade in early 2021, leaving the United States a miniscule 0.05% below the 2019 pre-pandemic levels for its trade with . Coffee. Furniture market outline: data for production, consumption, imports and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. Goods exports totaled $76.4 billion; goods imports totaled $231.3 billion. For 2019, the Ministry of Agriculture and Rural Development (MARD) has set a target of exporting 6.5 million tons of rice, valued at US$3 billion. The most common import partners for Thailand are China ($45.7B . Vietnam exports for 2018 was $259.51B, a 14.15% increase from 2017. • U.S. goods imports from Vietnam totaled $79.6 billion in 2020, up 19.8 percent ($13.2 billion) from 2019, and up 436 percent from 2010. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. Vietnam Imports Services (2019) : $18.3B. Imported products are subject to import tax and value-added tax (0%, 5%, or 10%). 1990 1995 2000 2005 2010 2015 2020 % -5 0 5 10 15 20 25 30 Vietnam. In 2020, the import of machinery and appliances from Vietnam to the European Union amounted to 18.41 billion euros. Globally, Vietnam's textile and garment industry always stands among the top ten largest exporters, accounting for approximately 3.6 per cent of the world's textile and garment exports in 2015. Aggregates. The value of merchandise imports to Vietnam totalled $ 261 billion in 2020. This was the fifth consecutive year that Vietnam saw a trade surplus. Please note the exports, imports and tariff data are based on reported data and not gap filled. Photo by Kevin Lee. The CPTPP is expected to boost Vietnam's export turnover by 4 percent — with CPTPP member countries becoming its second largest export market after the US — and lift the economy by 1.3 percent. Reporting by Khanh Vu . Foreign companies are turning to Vietnam to leverage its low labor costs and proximity to key markets, which makes it an ideal hub for textile . Same region. Imported electrical machinery and equipment represents the fastest grower among the top 10 import categories, up by 23.5% from 2019 to 2020. Vietnam Trade Summary. Chairman of VITAS Vũ Đức Giang said the signs for order statuses for 2019 were also very positive. Preliminary Exports of goods In 2019 (.xls) Preliminary Imports of goods In 2019 (.xls) Preliminary Imports and exports by country group, country and territory In 2019 (.xls) Preliminary Exports by some main country groups, countries, territories and by main goods In 2019 (.xls) Preliminary Imports by some main country groups, countries . Vietnam's imports of petroleum products in 2019 fell 14.2% to 9.798 million tonnes, the department said. The export value of timber and wooden products in the first seven months of 2019 was $2.7 billion, up 32.8 per cent over the same period in 2018. Vietnam ranked No. Solar Imports and Exports in Q4 2019. The impressive performance reflects the continuous efforts of the . Exports of goods and services (constant 2015 US$) Exports of goods and services (% of GDP) The textile and garment industry is seen a key sector with many opportunities to expand the market. Chairman of VITAS Vũ Đức Giang said the signs for order statuses for 2019 were also very positive. Vietnam sets goal of USD 10.5 billion in seafood exports for 2019. Label. Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam's General Department of Fisheries. Vietnam has emerged as a major electronics exporter, with electrical and electronic goods overtaking textiles, coffee, and rice to become the top export item. Net Exports for Vietnam from General Statistics Office of Vietnam for the GDP release. (Source: Vietnam Customs) Vietnam's imports from the USA. Vietnam exports for 2017 was $227.35B, a 18.29% increase from 2016. The top services imported by Vietnam . In the past two years, Vietnam got access for mango to the United States and Chile, longan to Australia or litchi to Japan. In 2020, goods worth around 262.7 billion U.S. dollars were imported to Vietnam. Vietnam has targeted an export turnover of USD21.5 billion for the footwear and bag export sector in 2019, up 11% on-year. Equatorial Guinea was the largest beer market of Vietnam with about 20% of total beer exports. Since the value of imports still outpaced exports, the balance of trade-in-goods remained at a deficit of $21.84 billion, although 46.3-percent narrower than the $40.67 billion in 2019 due to the . Get in touch with us now. About 90% of Vietnam's total products are exported. any brand. By the end of April 2020, Vietnam's total tuna export value reached US $ 196 million, down 16% compared to the same period in 2019. This has been attributed to increased imports from several Asian countries including, Japan, South Korea, and China. VNExpress reported last week that the government of Vietnam announced the country "will not import plastic scrap from 2025" and will . In 2019, Vietnam was the eighth largest destination for U.S. agricultural exports, which totaled $3.5 billion, a 12 percent decrease from 2018. You can monitor shipment details of your competitors from Vietnam shipment data and analyse their imports, exports and trading partners. Meanwhile, Vietnam's exports of wood and wooden products to Japan have increased sharply since the beginning of the year, according to the Ministry of Industry and Trade. Exports in the first 6 months decreased 7% from the previous year to 11.9 million bags. Address Vietnamtrades C-7/224-225, 2nd Floor, Sector-7, Rohini, New Delhi, India. The positive export outcomes in 2018 will place greater pressure on export targets in 2019. For example, consumer goods, especially luxury goods are usually subject to higher tax rates than machinery, raw materials or equipment used in production.

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