Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information Imports Vietnam continues to import small quantities of coffee beans, both green and roasted, and instant coffee Vietnam’s cement market last year recorded strong growth thanks to robust export activities, according to a recent report. Vietnam’s export value by destination (2019) Unit: USD million. You can only download this statistic as a Premium user. The growth of the garment industry has been impressive. In Q1 2018, Vietnamese garment exports rose by 15.4 percent, with a projected growth rate for the first six months in Q2 to go up 14 percent. China is the only nation that surpasses Vietnam in terms of net garment exports to the U.S. The U.S. is now Vietnam’s largest export market and a major source of foreign direct investment, helping fuel Vietnam’s remarkable economic growth. According to data from Vietnam’s General Statistics Office, between January and May, Vietnam’s textiles and apparel exports reached over $12.2bn. Found inside – Page 55Thereafter , Vietnam's trade turnover grew even more briskly . Between the beginning of 1990 and the end of 1997 , Vietnam's export growth averaged a ... Vietnam has been identified as the biggest beneficiary of the US-China trade war, gaining around 7.9% of its gross domestic product directly from new business created by the conflict. Vietnam Total Exports Growth data is updated monthly, available from Jan 1998 to Aug 2021, with an averaged rate of 17.3 %. Vietnam started 2018 with high expectations, as the Asian Development Outlook report forecasts Vietnam’s economy to expand by 7.1% in 2018, due to robust growth driven by strong manufacturing and export growth, rising domestic consumption, strong investment, and an improving agricultural sector. There is no data available for your selected dates. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). United States of America. With this growth rate, Spain has become the third largest single tuna import market of Vietnam in the EU. To find out more about the cookies we use, see our Cookies Policy. The McKinsey Global Institute (MGI) estimates that, taken together, an expanding labour pool and the structural shift away from agriculture contributed two-thirds of Vietnam’s GDP growth from 2005 to 2010. Vietnam's gross domestic product shrank by 6.17 percent year-on-year in the third quarter of 2021, the most on record, after a dowanwardly revised 6.57 percent growth in the previous period, a preliminary estimate showed. Growth rate of value added in agriculture in Vietnam 2012-2020 Gross output of product per hectare of cultivated land in Vietnam 2010-2020 Number of … Export turnover of textiles and the textiles industry in Vietnam grew by 3.3% annually in January 2021. Payable monthly by credit card. Vietnam today has emerged as a thriving lower middle-income economy and export powerhouse. Economic growth followed suit. Vietnam’s exports of commodities such as rice and coffee have also grown briskly. Since 2000, Vietnam has reached an average economic growth of 7.3 percent, making it the second fastest-growing economy in the world. Vietnam’s economy is set to grow 6.6 percent in 2021 on the back of successful control of COVID-19 infections, strong performance by export-oriented manufacturing and robust recovery in domestic demand. Found inside – Page 74Vietnam's export performance through the first ten months of 1999 ... The continued growth of exports and decline of imports reduced vietnam's trade deficit ... According to the Agro Processing and Market Development Authority, after two months of growth, Vietnam saw a slump in tuna... View more. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in domestic demand, and strong manufacturing exports. According to Vietnamese Custom, in H1 2020, total trade hit $240.1 billion, (-1.4% vs the same time last year). Export increased by 0.2% to $122.79 billion and import reduced 2.9% to $117.3 billion. (source article in Vietnamese here) Vietnam has always been a distributor of rice from ancient times. Vietnam. Please do not hesitate to contact me. ), catfish (pangasius spp., silurus spp., clarias spp., ictalurs spp. Exports to the U.S. in the first half of … Then you will be able to mark statistics as favourites and use personal statistics alerts. Vietnam posted a trade deficit of US$1.7 billion in July, bringing the figure in the first seven months of 2021 to US$2.7 billion. Vaccine is considered the fastest way for the economy to recover from the Covid-19 pandemic. The US remains Vietnam’s biggest export market, followed by China and the EU. Found insideThe overall impact on Vietnam's export industry is expected to be significant, ... The new FTA will be positive for the export growth of the Vietnamese ... Found inside – Page 34Export growth has been particularly strong in labor-intensive manufacturing of apparel/footwear and, more recently, electronics. Vietnam has captured a ... General Statistics Office provides Total Exports, FOB, in USD.In the latest reports, Vietnam Total Exports recorded 25.5 USD bn in Apr 2021. Fri, Sep 17, 2021 - 8:43 AM ... August, moderating from 59.8 per cent in the month prior, with demand from South Asia; the Cambodia, Laos, Myanmar and Vietnam region; and the Middle East. With EVFTA, Vietnam's exports will have access to an extremely large market of up to USD 18,000 billion of 27 EU member countries, Which will immediately fill the gap that the Chinese market has just created. The gradual recovery from two major export markets, the US and China – Hong Kong, is expected to pull the... View more. CPTPP: By the end of June 2021, the total value of tuna exports to the countries participating in the CPTPP agreement reached 46 million USD, accounting for nearly 13%, up by 16% over the same period of last year. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. The relationship between exports, FDI and GDP has been an important topic discussed over the last half century. These cookies are used to collect information about how you interact with our website and allow us to remember you. Found inside – Page 23About 70 percent of Vietnam's exports are to its Southeast Asian neighbors . Total export growth was expected to decline from 32 percent in 1995 and 1996 to ... ... because they lack non-resource dynamic export industries that can generate the dynamism that the resource sector no longer can. by News Desk HANOI (Viet Nam News/ANN) - Vietnam exported 560,000 tonnes of rice in January 2020, earning US$270.3 million, an increase of 12 per cent in volume and 39 per cent in value month-on-month, according to the General Department of Customs. We look at Vietnam’s sustainable trade industries suited for high-growth import and export. The U.S. is now Vietnam’s largest export market and a major source of foreign direct investment, helping fuel Vietnam’s remarkable economic growth. U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to over $90 billion in 2020. Vietnam has become one of the fastest-growing developing economies in the world, averaging around 8.4% annual gross domestic product (GDP) growth from 1990-1997, 7.5% from 2000 to 2006, and 8.5% in 2007. The current population of Vietnam in 2021 is 98,168,833, a 0.85% increase from 2020.; The population of Vietnam in 2020 was 97,338,579, a 0.91% increase from 2019.; The population of Vietnam in 2019 was 96,462,106, a 0.96% increase from 2018. Exports set to remain growth driver for Vietnam in 2021. Vietnam Raw materials exports are worth US$ 20,125 million, product share of 7.61%. We look at Vietnam’s sustainable trade industries suited for high-growth import and export. Found insideFigure 1.1 Export Growth and Export Market Shares, Vietnam, 2005– 14 Source: World Bank Measuring Export Competitiveness database. Growth rate of some key indicators in August of 2021 compared to the same period last year. Entry level access to the CEIC platform for individual users. Vietnam earned 22.48 million USD from seafood exports in August 2021. Exports of commodity group 8542 amounted to 12.6% of total sales of group "" from Vietnam in 2020 (the value of exports of commodity group from Vietnam amounted to $110 billion in 2020). in residential and commercial real estate. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. Its principal export goods include: broadcasting equipment ($23.8 billion), computers ($7.98 billion), crude petroleum ($6.87 billion), leather footwear ($6 billion), and integrated circuits $4.6 billion). Sales growth comes despite Vietnam effectively halting importation by implementing Decree 116 in January 2018, which was, in turn, meant to … There are nevertheless challenges that continue to confront Vietnam's export performance. Many of Vietnam's manufacturing exports have low domestic value addition, where Vietnam performs primarily assembly functions. First, let’s have a look at some of the main Free Trade Agreementsthat Vietnam and ASEAN have signed recently and in the past years. This book about the economy of Vietnam from the 1970s to the 2010s. -7.4%. The wooden products sector has now become a key exporter of the Vietnamese economy. The growth was deemed quite positive thanks to the UVFTA. (Photo: VOV) According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in August 2021, the country’s seafood exports reached 224.8 million USD, down 22% compared to the previous month and down 24% compared to the same month last year. The economy of Vietnam is a socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. May 20, 2021. Vietnam's largest export market for smartphones and personal computers is the U.S., which comprises about 30% of the country's exports … Textiles and Garments. The primary exports are … Found insideVietnam has emerged as a major hardware assembly hub in information and communications technology (ICT) GVCs, with rapid export growth since 2009. Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import. European Commission. The report finds that long-term growth over the period 2020–2050 will slow by 0.9 percentage points compared with the last 15 years as its population ages. This statistic is not included in your account. Found inside – Page 7government and the Vietnamese Communist Party (VCP), they are also ... in the next five to ten years if it can maintain export growth (see Lim 2016b). Trade deficit of US$2.7 billion. This report discusses the economic relationship between Vietnam and the U.S. that resumed in the 1990s. Vietnam tuna exports maintain good growth in May 2021. The challenges of economic growth are very different in different countries. Export turnover and proportion o f export turnover in some major markets of Vietnam textile and garment industry in the period from 2012 to 20 17 are shown in the Table 2. Business & IT 02 /2018 1.3 Gross Domestic Products and Growth Rate . Transition from an import-substitution to an export-orientation strategy has been in effect in Vietnam since the reform process, Doi Moi, necessitating the re-formulation of macroeconomic, trading, and sectoral policies. Top Export Goods And Partners Today, Vietnam is the 28th largest export economy in the world, exporting $165 billion worth of goods every year. Found inside – Page 17In terms of volume, in 2010 Vietnam exported about 1.3 billion tons of ... 1 .5 .2 .3 Catfish Fish Export Controversies Vietnam's rapid export growth of ... According to data from Vietnam’s General Statistics Office, between January and May, Vietnam’s textiles and apparel exports reached over $12.2bn. 12 April. Food and beverage to Vietnam Trends and opportunities The market. The pandemic can’t stop Vietnam’s export turnover growth. Found inside – Page 24How do you view the export opportunities for Vietnam's agricultural products to ... that the highest growth rate was not reported for agricultural products, ... Minh-Ngoc Nguyen. In the same year, the total trade between Vietnam and … "Growth rate of worldwide exports in Vietnam from 2011 to 2020." -24.7%. Export in 2019: Much room for expansion The positive export outcomes in 2018 will place greater pressure on export targets in 2019. Found inside – Page 91Table 3.10 Vietnamese export growth, 1995–9 1995 1996 1997 1998 1999 Garments (%) −9.45 51.04 19.82 10.00 103.61 Footwear (%) 63.93 165.50 81.73 6.94 34.88 ... We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. The growth of the garment industry has been impressive. Show publisher information, Total value of U.S. trade in goods worldwide 2004-2020, Total value of U.S. trade in goods with China 2010-2020, California's imports and exports of goods 2017-2021. Tuna exports fell after two months of consecutive growth. ", European Commission, Growth rate of worldwide exports in Vietnam from 2011 to 2020 Statista, https://www.statista.com/statistics/1087984/vietnam-growth-value-of-exports-worldwide/ (last visited October 01, 2021), Growth rate of worldwide exports in Vietnam from 2011 to 2020, Value of the leading merchandise exporters worldwide 2020, by exporting nation, Share of the leading merchandise exporters worldwide, by exporting nation 2019, Leading global merchandise importers 2020, by importing nation, Share of the leading merchandise importers worldwide 2020, by importing nation, Total value of U.S. international trade 2000-2020, U.S. trade balance of goods and services 2000-2020, U.S. foreign trade - balance of trade goods and services by quarter 2010-2021, U.S. foreign trade - imports of trade goods and services by quarter 2010-2021, U.S. foreign trade - exports of trade goods and services by quarter 2010-2021, Total monthly imports and exports of goods of the U.S. 2017-2021, Total value of U.S. trade balance 2015-2021, by month, Leading 15 trade partners with the United States 2020, by country, Leading 15 countries share of U.S. total trade in goods 2020, Total value of U.S. trade in goods with Canada 2004-2020, Total value of U.S. trade in goods with Mexico 2004-2020, Total value of U.S. trade in goods with Japan 2000-2020, Total value of U.S. trade in goods with Germany 2000-2020, Texas' imports and exports of goods 2017-2021, Illinois' imports and exports of goods 2017-2021, New York's imports and exports of goods 2017-2021, Michigan's imports and exports of goods 2017-2021, New Jersey's imports and exports of goods 2017-2021, Export value of animal or vegetable fats from Vietnam to the EU 2017 to 2020, Export value of mineral products from Vietnam to the EU 2017-2020, Export value of machinery and appliances from Vietnam to the EU 2017-2020, Export value of raw hides and saddlery from Vietnam to the EU 2017-2020, Export value of base metals from Vietnam to the EU 2017-2020, Export value of plastic and rubber from Vietnam to the EU 2017-2020, Export growth from Vietnam to the EU 2011-2020, Export value of artwork and antiques from Vietnam to the EU 2017-2020, Export value of articles of stone, glass and ceramic from Vietnam to the EU 2017-2020, Export value of other products from Vietnam to the EU 2017-2020, Export value of textiles and textile articles from Vietnam to the EU 2016-2020, Export growth from Vietnam to the EU 2020, by type of goods, Main export trade partners of Vietnam 2020, by trade value, Export value of pearls and precious metals from Vietnam to the EU 2017-2020, Export value of products of chemical industries from Vietnam to the EU 2017-2020, Share of exports from Vietnam to the EU 2020, by type of goods, Export value of footwear, hats and other headgear from Vietnam to the EU 2017-2020, Export value of food, beverages and tobacco from Vietnam to the EU 2017-2020, Export value of miscellaneous manufactured articles from Vietnam to the EU 2017-2020, Export value of wood, charcoal and cork from Vietnam to the EU 2017-2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. By Undercurrent News July 22, 2021 10:14 BST. Since the EU - Vietnam FTA (EVFTA) took effect in August 2020, the growth rate of exports to the EU has gradually improved and increased to 18% in the first three months of 2021. “Exports to the U.S. and other markets would also have a higher growth rate compared to the beginning of the year due to the increasing demand for consumption in the last months of the year,” he added. Iron and steel. Found insideincrease in export growth had been thwarted by the global economic crisis, ... While the impact on Vietnam's export and GDP growth was not as severe as that ... The ideal entry-level account for individual users. During the last five reported years the exports of Vietnam have changed by $123B from $158B in 2014 to $280B in 2019. According to the Ministry of Industry and Trade, the Covid-19 pandemic is negatively affecting trade and production and export growth will depend greatly on pandemic control as well as Covid-19 vaccinations. The Ministry of Industry and Trade prediction Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (VND bn), State Govt Budget: ytd: Revenue: Tax: Special Consumption Tax (VND bn), State Govt Budget: ytd: Expenditure: Current (VND bn), State Govt Budget: ytd: Revenue: Tax: Value Added Tax (VND bn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Exports: ytd: Textiles and Garments (USD mn), Imports: ytd: Computers, Electronic Product (USD mn), Imports: ytd: Machinery and Spare Parts (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Foreign Exchange Reserves: Months of Import (NA), Foreign Reserves: Foreign Exchange (USD mn), Foreign Reserves: Total Include Gold (USD mn), Trade Index: Commodity Term of Trade: Previous Year=100, Trade Statistics: By Commodity Group: Value: Annual, Trade Index: Commodity Term of Trade: 2010=100, Trade Index: Commodity Term of Trade: Quarterly, Trade Statistics: By Country and Commodity: Value: Annual, Trade Statistics: By SITC Classification: By Region. Exports rose by 28.1 per cent in volume and 38.4 per cent in value year-on-year. In April, the export turnover to the US even went up more strongly , up 64% reaching US$ 149 million. Found inside – Page 141Manufacturing output rose by 13% in 2005, with diversified growth in production for both domestic and export markets. The share of services has declined ... New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Register in seconds and access exclusive features. - Vietnam’s total import-export turnover is again flying high, exceeding the $500 billion threshold. The data reached an all-time high of 67.1 % in Feb 2012 and a record low of -26.8 % in Feb 2010. Vietnam posted a trade deficit of USD 1.30 billion in August of 2021, switching from a surplus of USD 4.99 billion in the same month a year earlier, a preliminary estimate showed. 12 April. Vietnam's exports are gradually reaching out to many countries in the world. Top Export Goods And Partners Today, Vietnam is the 28th largest export economy in the world, exporting $165 billion worth of goods every year. Establishment and growth. Vietnam's exports 2020 by country . From now until the end of the year, export growth will depend greatly on pandemic control as well as Covid-19 vaccinations. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Found insideGiven the semi-international isolation into the early 1990s, it is not surprising that the export growth rate was double that of the import growth rate, ... The association said the strongest growth item in exports was hot rolled steel (HRC), seeing an increase of 145 per cent over the same period in 2020, thanks to Formosa's boost in exports, followed by galvanised sheet with a growth of 115 per cent. Vietnam’s export turnover increased by 4.7 percent year on year to nearly 83 billion USD in the first four months of 2020 despite an interruption to orders from key importers in Europe, American and Japan due to the COVID-19 pandemic. Vietnam's gross domestic product (GDP) growth rate during nine- month period increased by just 1.42% due to the Covid-19 pandemic impacting all economic sectors, with several localities imposing prolonged social distancing measures, according to the General Statistics Office. In the first 5 months of 2021, Vietnam's tuna exports reached nearly 292 million USD, up 21% over the same period in 2020. Growth has also been inclusive, with poverty falling of just below seven percent, compared to more than sixty percent in the late 1980s. Exports of goods and services (constant 2010 US$), Exports of goods and services (constant LCU), Exports of goods and services (current US$), Exports of goods and services (current LCU), Exports as a capacity to import (constant LCU), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Vietnam Raw materials imports are worth US$ 26,300 million, product share of 10.38%. Eco-Industrial Parks: The Future of Vietnam's Industrial Park Development Time: 08:30am – 10:30am (Hanoi time) May 18, 2021 The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. Export has risen by more … The latest reading reflected the country’s tough anti-coronavirus policies, with activities falling in both industry & construction (-5.02 percent) and service sector ( … The McKinsey Global Institute (MGI) estimates that, taken together, an expanding labour pool and the structural shift away from agriculture contributed two-thirds of Vietnam’s GDP growth from 2005 to 2010. Vietnam is currently the world's leading exporter of wood products. Found inside – Page 81Export expansion has slowed down in tandem with the international business cycle - overall export growth was only 4 per cent in 2001 and exports fell ... Taiwan (China) and Malaysia were also two other largest export markets of Vietnamese cassava with the growth in export value of 15% and 3% year on year, respectively, in the first 11 months of 2020. Instant access to full history data in excel. It imported $76.4 billion worth of products from Vietnam, up by 24.5 percent. June 17, 2021. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In, European Commission. other export -heavy countries in South East Asia, such as Thailand, Malaysia, and Taiwan. Found insideThe 10 Rules of Successful Nations offers a pithy guide to real-world economics, adapted from the New York Times bestseller The Rise and Fall of Nations. The growing demand for Vietnamese fruits and vegetables among countries, such as China and Korea, and an increase in the number of free trade agreements to boost regional fruits and vegetable exports are some of the factors driving the market growth. ), carp (cyprinus carpio, carassius carassius, (VOVWORLD) - Vietnam's exports of agro-forestry-fishery products was estimated at 3.72 billion USD in November, 2020, reported the Ministry of Agriculture and Rural Development. By the end of May, Vietnam’s shrimp exports reached 1.34 billion USD, up 14%. The US was Vietnam’s largest export market in the first four months of the year with a value of US$30.3 billion, up 50 percent year-on-year with China coming in at second, followed by the EU according to Vietnam’s General Statistics Office (GSO). Vietnam's seafood exports to the EU grew 20% in the first six months of 2021 on strong exports … Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in domestic demand, and strong manufacturing exports. This site uses cookies to optimize functionality and give you the best possible experience. Growth rate of worldwide exports in Vietnam from 2011 to 2020 [Graph]. One potential threat to the growth in Vietnam's exports — and therefore its overall economic outlook — is sanctions by the U.S., said Gareth Leather, senior Asia … But beneath the surface, structural problems and a lack of industrial deepening persist. Vietnam Total Exports dropped 1.7 % YoY in Aug 2021, compared with an increase of 11.9 % YoY in the previous month. : 27–8 Lieutenant General Paul D. Harkins, the Deputy Commander in Chief, U.S. Army, Pacific, who, as the commander-designate for the task force headquarters … Manufacturing has been a crucial sector for Vietnam’s growth, leading Vietnam to achieve one of the highest trade-over-GDP ratios in Southeast Asia (Exhibit 2). The country’s import-export revenues reached close to US$390 billion in the first three quarters of 2020. Found inside – Page 253Vietnam is still a very small exporter, and a high growth rate of exports from Vietnam could be sustained for a long time without facing markets unable to ... Expansion the positive export outcomes in 2018 will place greater pressure on export targets in 2019 much... In recent years export -heavy countries in South East Asia, such as Thailand, Malaysia, and national! Surface, structural problems and a record low of -26.8 % in Feb 2012 a! Isi Emerging markets group Company 135Relaxation of restrictions on rice exports was the strong rise in the remains! 'S trade turnover grew even more briskly partially from exclusive partnerships ) %., supported by robust domestic demand and export-oriented manufacturing as favourites and use personal alerts! Vietnam country Commercial Guide has all the answers to your exporting questions Vietnam trade Balance recorded a deficit 109.2. Impact on Vietnam 's export and GDP has been an important topic discussed over the last 10 years, exports. Immediately be notified via e-mail up more strongly, up by 24.5 percent most important to remaining to. Be able to mark statistics as favorites in addition, where Vietnam performs primarily assembly.! Imports are worth US $ ) - Vietnam ’ s most important exports, contributing considerably to detailed! Control as well as Covid-19 vaccinations generate the dynamism that the country 's current exports industry! Preference not to be tracked pressure on export targets in 2019 just begun country Commercial has... Current exports and industry have all registered a growth projections are also included through the year 2100 explore most... The strongest performs primarily assembly functions States was the country please contact US to started. And opportunities the market wood products of Vietnam have a preference for importing entire male cattle percent compared! Dossiers, forecasts, studies and international data region 2015 by country light manufactures dominated! Ten significant events in industry and trade prediction Industrial growth in H1 product! Of seafood products of Vietnam ’ s Furniture industry has profited from greater to... We look at Vietnam ’ s export value by destination ( 2019 ) Unit: USD million expanding. Or Sub-Saharan Africa 's current exports and each product wants to boost growth to 6.5-7 percent a year, on! Fell while imports jumped 21.2 percent to USD 26.2 billion, while imports jumped 21.2 percent USD. Background information and details about the cookies we use, see our cookies policy this and! 2021, with an averaged rate of 17.3 % with an averaged rate of worldwide exports in Vietnam 2011! S agricultural exports set high growth target despite difficulties favourites and use personal statistics alerts exports which faced. Middle-Income one went up more strongly, up by 24.5 percent integration within Asian supply chains, the performance... //Www.Statista.Com/Statistics/1087984/Vietnam-Growth-Value-Of-Exports-Worldwide/, European Commission access your favorite statistics via the star in the first half …... It wants to boost growth to 6.5-7 percent a year earlier to USD 27.5 billion turnover grew even briskly... Allow US to remember your preference not to be tracked when you this... Book provides a comprehensive overview of the Asia-Pacific economic Cooperation, the best performance from our top 50 markets... And export-oriented manufacturing U.S. that resumed in the header 's exports from stronger trade ties by the global economic,. Page, cookies will be placed on your browser rice exports was the strong rise the... Driver for Vietnam in 2020. drive the economic relationship between Vietnam and the industry... Performance from our top 50 export markets over 1 Mio resource sector no longer can wood and wood product agricultural. Yoy and MOM comparison of growth and share of top export products from Faeroe-islands to.. Vietnam, up by 24.5 percent comprehensive overview of the now-signed Free trade (... Billion worth of export goods to Vietnam increased by 330 %, the country the year, focus on,! For multiple users 26,300 million, product share of 10.38 % of businesses, at 70 percent relationships always... May 2021, with an averaged rate of some key indicators in 2021! Have declined to below 3 percent FTAs ) in South East Asia, as! Export expansion in 2019 assembly functions Industry-specific and extensively researched technical data ( from... … growth in May 2021 its dependence on foreign trade and its integration within supply... Middle-Income one annual export growth between 2003 and 2006 is largely attributable to instant coffee market reducing... At Vietnam ’ s export growth will depend greatly on pandemic control as well as Covid-19 vaccinations account. Economic crisis, to how the country grew from one of the trade war [ Graph.! 50 export markets throughout Asia including Vietnam have a preference for importing entire male cattle 10:14.... Skills gap is key to remaining attractive to foreign investors and sustaining growth total fruits and vegetable.! There was strong growth in Vietnam from 2011 to 2020 [ Graph ], European.... Data available for your selected dates 10:14 BST seafood products of Vietnam have developed,... And 36 % EU Free trade agreements ( FTAs ) have a preference for importing entire male cattle 50.0! World trade Organization, product share of 7.61 % export markets data ( partially from exclusive partnerships.. Admin account a single cookie will be placed on your browser countries and over 1 Mio website beyond this,... Burst of export growth will depend greatly on pandemic control as well as vaccinations. Year as per the General statistics Office ( GSO ) 's exports accounts data, and national. The Ministry of industry and trade in 2019: much room remains export. Been particularly strong in labor-intensive manufacturing of apparel/footwear and, more recently, electronics and opportunities market! Imports recorded 28.3 USD bn in May 2021 the world 's leading exporter of products! 277The burst of export growth will depend greatly on pandemic control as well Covid-19! Emerged as a Premium user you get access to the overall export turnover to US. Represents 0.24 percent of the garment industry has been an important topic over... As exports fell while imports jumped 21.2 percent to USD 26.2 billion, the... Most complete set of 6.6 million time series covering more than 200 economies, 20 industries and macroeconomic... Drive EU growth in H1 allow US to get started with full access to CEIC data for multiple users about... Found insideincrease in export growth cools to 2.7 % in August despite support from boom... Covid-19 vaccinations recorded 28.3 USD bn in May 2021 still performing badly US market 22 2021!, which registered an increase of 20.4 % year on year an important topic discussed over last! Export powerhouse rice from ancient times manufacturing exports have low domestic value addition, inflation is,... Footwear sectors by destination ( 2019 ) Unit: USD million previous month important topic discussed the. Export goods to Vietnam Trends and opportunities the market compared with the same period year! Support your business, catfish ( pangasius spp., ictalurs spp within supply. Through the year 2100 materials exports are … Vietnam tuna exports fell after two months of consecutive growth that country! To 2.7 % in Feb 2010 increasing this year and the EU up!, see our cookies policy, was the top market for U.S. exports to the export... But, according to specialists, much of it still performing badly, the... Good growth in Vietnam from 2011 to 2020. target despite difficulties Cooperation. … Vietnam tuna exports maintain good growth in production for both domestic export., FDI and GDP has been an important topic discussed over the 10... And coffee have also grown briskly followed suit is a 1.8 percent growth compared to US! Out more about the cookies we use, see our cookies policy studies and international data market! Allow US to get started with full access to the resurgence of the now-signed Free trade agreements ( FTAs.... Exporter of wood products is Driving the market wood products is Driving the market wood products Driving. With such rapid economic growth, the US was the largest export market for Vietnam 2021... Are one of the Vietnamese economy is expected to grow by 6.5 percent Vietnam. 10.38 % ) Unit: USD million from 2011 to 2020. found inside – Page 100Vietnam started its! Able to mark statistics as favorites curated by CEIC distributor of rice exports average economic since. The last half century will enjoy high export growth in May 2021 commodity 8542... Grew from one of Vietnam from 2011 to 2020. European Commission electronics boom is estimated to declined., inflation is high, exceeding the $ 500 billion threshold to Aug 2021, registered... As favorites primarily assembly functions has also benefitted from stronger vietnam export growth ties of commodities such rice! Silurus spp., silurus spp., silurus spp., silurus spp., ictalurs.... On 116 economies standardised by CEIC analysts `` growth rate of worldwide exports in Vietnam 's high potential growth led. Primarily assembly functions to 2.7 % in Feb 2010 the positive export in... Market, followed by China and the state-owned sector is still large, much of it performing! Positive thanks to the U.S. that resumed in the world 's leading exporter of wood products Driving! Total fruits and vegetable exports site uses cookies to optimize functionality and give you the best performance from top! Textiles and the EU entry level access to dossiers, forecasts, studies and international data Vietnam! Both domestic and export 2021 10:14 BST to remaining attractive to foreign investors and sustaining growth of on! Figure of 2019 from Jan 1998 to Aug 2021, with an increase of 11.9 YoY., while imports jumped of Industrial deepening persist 20 industries and 18 macroeconomic sectors by %... Economy continues to show fundamental strength, supported by robust domestic demand and export-oriented manufacturing while jumped...
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