vietnam biggest exports

Bilateral Trade data between India and Vietnam – Major Of which, six companies have strength in shrimp export and the remaining four firms specialize in tra catfish export, according to Vietnam Association of Seafood Exporters and Processors (VASEP). According to the study, Vietnam is an emerging manufacturing powerhouse with expanding international trading relationships. Vietnam - a major driver of global trade growth by 2030 As of November, major seafood market for Vietnam such as the US, EU, China have all witnessed a surge in growth of 25%, 30% and 15%, respectively. Meat and Edible meal offal accounting for 27% of the total exports. Import volumes reported by Vietnam’s main trading partners (Figure 1) reveal that exports to the EU, the US, Australia and Canada increased, but exports to China and Japan decreased. Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion, according to data from U.S. magazine Furniture Today. (Photo: CAND) Cashew is grown mainly in India, Ivory Coast, Brazil and Vietnam. Despite the COVID-19 pandemic, Vietnam’s economy still reported positive growth and exceeded Singapore’s US$337.5 billion and Malaysia’s US$336.3 billion to affirm its position among the top four largest economies in ASEAN. Vietnam is a major producer of coal and the government owns all coal in the country. The oil & gas industry is the country’s biggest foreign currency earners and a major procurer of imported technology, services and equipment. Of which, shrimp exports to the US increased by 22% to reach 775 million USD. Explore the latest economic complexity rankings for countries, products, states, and provinces using the OEC. Vietnam: Economy. The major exports are crude oil, marine products, rice, coffee, rubber, tea, mobile phones, garments, and shoes. The main imports are machinery and equipment, petroleum products, fertilizer, steel, cotton, grain, and motorcycles. Vietnam's main trading partners are China, Singapore, the United States, Japan, and South Korea. This could have a major impact on exports as Vietnam is ranked 3rd in the world for production after China and Indonesia. For tuna, the US was also the largest market, accounting for 43.5% of the proportion, with 226 million USD in the above period, up 8% year on year. Let’s have a detailed analysis of Vietnam’s top exports with Vietnam export statistics of 2016. Vietnam’s market value stood at $29 billion at the end of 2020. The top three U.S. exports by value in September were Computer chips, (2) Cell phones, related equipment, and (3) Sugar and starch residues. • The top export categories (2-digit HS) in 2020 were: electrical machinery ($2.1 billion), cotton ($1.2 billion), plastics ($544 million), food waste, animal feed ($484 million), and machinery ($473 million). Exports on the rise. VIETNAM CASHEW MARKET. Vietnam has the largest chicken export factory complex in Southeast Asia for the first time. Vietnam’s 10 biggest trading partners. The … The major exports of Vietnam include crude oil, garments and textiles, coffee, and rice. Call : +91 8003 8003 57 Email id : info@exportgenius.in Exports structure of 30 - Pharmaceutical products - from Vietnam in 2020 represented by the following main commodity groups: 83% (171 million US$): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or … U.S. imports from Vietnam include apparel, footwear, furniture and bedding, agricultural products, seafood, and electrical machinery. Vietnam’s Internet economy is forecast to become the second largest in Southeast Asia over the next decade, with it being anticipated to reach a figure US$220 billion by 2030. India’s export data shows that the total export between the two countries amounted to 8.17 billion dollars. Vietnam’s footwear export economy is worth $22B/year. Trade Flow. Top Vietnam Exports 2014. Coffee. They said in the third quarter, the Vietnamese economy still suffered negative impacts of the fourth pandemic wave. Cashew nuts are often sold in the shell in Vietnam. U.S. goods exports to Vietnam in 2020 were nearly USD 10 billion, slightly decreased from USD 10.9 in 2019 and … Based on Vietnam export statistics, Vietnam’s exports totalled USD 264.6 billion in 2019, a gain of about 25% as compared to the previous year. (Photo: congthuong.vn) According to MARD, in October, exports of the products reached … How can Vietnamese furniture manufacturers take advantage of these opportunities? Trading Economics provides data for 20 million economic indicators from 196 countries … In 2019 Vietnam and the European Union signed a free trade agreement which significantly boosted trading to the world’s largest bloc. The US is currently Vietnam's largest shrimp export market, accounting for 28% of the shrimp industry's export turnover. It was followed by China with nearly 7.5 billion USD, and Japan with over 2.6 billion USD.Conversely, the US also became the largest export market of agricultural products to Vietnam with value of nearly 3.3 billion USD, accounting for a 9.2% market share.Processing agricultural products for exports. 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 benefits from strengthening international integration through multiple free trade agreements. Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent). Mr. Montri Suwanposri - General Director of CP Vietnam Joint Stock Company shared: "Investing in Vietnam for over a quarter of a century, we deeply understand the macro policy of the Government of Vietnam and director of the Ministry of Agriculture and Rural Development in promoting Vietnam to become a country producing international standard food and increasing exports. Notably, farm produce exports to the US reached over US$11.9 billion, accounting for 27.5% of the overall market share, while exports to the Chinese market hit nearly US$8.4 billion, duly making up 19.2% of market share. MUMBAI | HANOI: Vietnam, the world's third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters. However, it did not take 10 years for Vietnam as the country actually surpassed Singapore in 2020. Vietnam Imports 2019 TOKYO -- Vietnam's top … 1 In particular, Vietnam’s furniture industry has profited from greater access to the US market. Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Australia is the largest wood chip supplier in the world for nearly 20 years, but having lost its position to Vietnam with shipments accounting for around 20 percent of global pulp and paper sales in 2011. Year/Range. Exports in 2011 were 36% higher than 2010 and tripled since 2007 due to rising demand for pulp production in recent years. Vietnam is a key driver of global trade growth, with its exports projected to expand at an average annual rate of more than 7% to reach US$535 billion by 2030. Of which, six companies have strength in shrimp export and the remaining four firms specialize in tra catfish export, according to Vietnam Association of Seafood Exporters and Processors (VASEP). • U.S. goods exports to Vietnam in 2020 were $9.9 billion, down 8.4 percent ($909 million) from 2019 but up 167 percent from 2010. Combined, these largest markets imported only 1% less Vietnamese shrimp compared to 2019 (below 5,000 MT) and 7% more than in 2018. NDO/VNA – Industrial property and ready-built factories remain the top choice of investors due to high demand, said experts from Savills Vietnam. Vietnam has made it onto the list of the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting … Vietnam uses this resource in domestic power plants and also exports to the Asia Pacific nations. Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%) The US and China will continue to be Vietnam's largest export markets by 2030. The USA and Mainland China will continue tobe the largest export corridors for Vietnam,accounting for 26 per cent and 19 per cent of total exports in2030, respectively. We sell Vietnam white rice directly from our ISO 22000:2005 Certified rice mill in Dong Thap province of Vietnam. In 2016, Vietnam’s export turnover to Southeast Asian markets was $17.45 billion. India is a fast-growing export corridor for Vietnam with 11 per cent average … Vietnam’s top 500 businesses revealed. Vietnam has overtaken China as the largest furniture exporter to the U.S. as tariffs drive manufacturers out of the world’s second largest economy. Vietnam - Vietnam - Agriculture, forestry, and fishing: Agriculture is fading as the most important economic sector in Vietnam. Vietnam - a major driver of global trade growth by 2030. Vietnam was a major beneficiary of enhanced trade ties; in 2020, Vietnam held a USD 63.4 billion trade surplus with the United States. Vietnam is currently the largest exporter of cashew nuts in the world with the export volume accounting for 55% of the global production in 2018. The top imports of Vietnam are electronics, petrol products, steel, and machinery. India is a fast-growing export corridor for Vietnam with 11 per cent average … Seafood exports are set to continue a two-digit growth rate since September. The largest footwear brands, such as … China remains the world’s largest exporter of RMG with 31.6 market share, despite a 7 percent drop in 2020, valuing its exports at 142 billion dollars. Notably, farm produce exports to the US reached over US$11.9 billion, accounting for 27.5% of the overall market share, while exports to the Chinese market hit nearly US$8.4 billion, duly making up 19.2% of market share. In 2020, phones and the related components exports had the largest turnover amongst Vietnam’s major commodities exports, at approximately 51 billion U.S. dollars.

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