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Vietnam Trade Summary

2019

Vietnam exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR VIETNAM 2019

Overall Exports and Imports for Vietnam 2019

Exports and imports of Vietnam in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 264,610 million.
  • The total value of imports (CIF) was 253,442 million.
  • At the HS6 digit level, 3,784 products were exported to 97 countries and 4,359 products were imported from 97 countries.

Vietnam top 5 Export and Import partners 2019

Top five countries to which Vietnam exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Vietnam exports to United States worth US$ 61,404 million, with a partner share of 23.21 percent.
  2. Vietnam exports to China worth US$ 41,434 million, with a partner share of 15.66 percent.
  3. Vietnam exports to Japan worth US$ 20,427 million, with a partner share of 7.72 percent.
  4. Vietnam exports to Korea, Rep. worth US$ 19,729 million, with a partner share of 7.46 percent.
  5. Vietnam exports to Hong Kong, China worth US$ 7,162 million, with a partner share of 2.71 percent.

Top five countries from which Vietnam imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Vietnam imports from China worth US$ 75,586 million, with a partner share of 29.82 percent.
  2. Vietnam imports from Korea, Rep. worth US$ 46,942 million, with a partner share of 18.52 percent.
  3. Vietnam imports from Japan worth US$ 19,533 million, with a partner share of 7.71 percent.
  4. Vietnam imports from Other Asia, nes worth US$ 15,181 million, with a partner share of 5.99 percent.
  5. Vietnam imports from United States worth US$ 14,377 million, with a partner share of 5.67 percent.

Vietnam Top 5 Productsexports imports at HS 6 digit level 2019

The top five exported HS 6 digit level products to world by Vietnam along with trade value are:

  1. Vietnam exported Transmission apparatus, for radioteleph incorpo , worth US$ 38,657,180.66 million.
  2. Vietnam exported Parts of electrical apparatus for line telephon , worth US$ 17,517,830.94 million.
  3. Vietnam exported Monolithic integrated circuits, digital , worth US$ 11,490,879.61 million.
  4. Vietnam exported Sports footwear,with rubber or plastic soles an , worth US$ 5,410,060.13 million.
  5. Vietnam exported Parts and accessories of automatic data process , worth US$ 4,333,793.26 million.

The top five imported HS 6 digit level products from world by Vietnam along with trade value are

  1. Vietnam imported Monolithic integrated circuits, digital , worth US$ 29,951,623.49 million.
  2. Vietnam imported Parts of electrical apparatus for line telephon , worth US$ 13,267,262.93 million.
  3. Vietnam imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 6,348,806.00 million.
  4. Vietnam imported Petroleum oils and oils obtained from bituminou , worth US$ 3,809,032.76 million.
  5. Vietnam imported Printed circuits , worth US$ 3,554,704.01 million.

Exports and Imports of Product Groups 2019

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

Tariffs 2019

Tariffs imposed by Vietnam in 2019 are below

  • The maximum rate of tariff in percentage on any product was 100 percent.
  • The simple average tariff across all products was 5.68 percent.
  • The trade weighted average tariff was 1.66 .
  • The total duty free imports in thousands of US dollars were 190,711,168.68 and duty free tariff line items share was 51.54 percent.

Development Indicators 2019

Key Development Indicators of Vietnam in 2019 are below

  • Vietnam GDP in current US dollar was 261,921 million.
  • GNI per capita, Atlas method (current US$) was 2,590.00 .
  • Vietnam Trade balance: as % of GDP was 3.19.
  • Trade balance in current US$ was 8,358.00 million.
  • Trade as percentage of GDP was 210.40 .
  • Trade in services as percentage of GDP was 13.60 .

Trade Indicators 2019

Trade Indicators for Vietnam in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 13.20.
  • World Growth in percentage was -1.13 and Vietnam Country Growth was 5.04 .