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Vietnam Trade Summary

2020

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 2020

Overall Exports and Imports for Vietnam 2020

Exports and imports of Vietnam in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 281,441 million.
  • The total value of imports (CIF) was 261,309 million.
  • At the HS6 digit level, 3,732 products were exported to 97 countries and 4,341 products were imported from 97 countries.

Vietnam top 5 Export and Import partners 2020

Top five countries to which Vietnam exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Vietnam exports to United States worth US$ 77,072 million, with a partner share of 27.38 percent.
  2. Vietnam exports to China worth US$ 48,880 million, with a partner share of 17.37 percent.
  3. Vietnam exports to Japan worth US$ 19,269 million, with a partner share of 6.85 percent.
  4. Vietnam exports to Korea, Rep. worth US$ 19,125 million, with a partner share of 6.80 percent.
  5. Vietnam exports to Hong Kong, China worth US$ 10,436 million, with a partner share of 3.71 percent.

Top five countries from which Vietnam imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Vietnam imports from China worth US$ 84,198 million, with a partner share of 32.22 percent.
  2. Vietnam imports from Korea, Rep. worth US$ 46,862 million, with a partner share of 17.93 percent.
  3. Vietnam imports from Japan worth US$ 20,277 million, with a partner share of 7.76 percent.
  4. Vietnam imports from Other Asia, nes worth US$ 16,704 million, with a partner share of 6.39 percent.
  5. Vietnam imports from United States worth US$ 13,764 million, with a partner share of 5.27 percent.

Vietnam Top 5 Productsexports imports at HS 6 digit level 2020

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 40,815,184.49 (US$ Thousands).
  2. Vietnam exported Parts of electrical apparatus for line telephon , worth 20,864,755.36 (US$ Thousands).
  3. Vietnam exported Monolithic integrated circuits, digital , worth 13,853,128.28 (US$ Thousands).
  4. Vietnam exported Parts and accessories of automatic data process , worth 6,599,570.18 (US$ Thousands).
  5. Vietnam exported Parts suitable for use solely or princ with the , worth 5,170,174.84 (US$ Thousands).

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 38,084,509.51 (US$ Thousands).
  2. Vietnam imported Parts of electrical apparatus for line telephon , worth 16,072,142.94 (US$ Thousands).
  3. Vietnam imported Photosensitive semiconductor devices,photovolta , worth 5,073,553.17 (US$ Thousands).
  4. Vietnam imported Parts suitable for use solely or princ with the , worth 4,545,231.93 (US$ Thousands).
  5. Vietnam imported Printed circuits , worth 4,105,170.06 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Vietnam in 2020 are below

  • The maximum rate of tariff in percentage on any product was 135 percent.
  • The simple average tariff across all products was 5.56 percent.
  • The trade weighted average tariff was 1.34 .
  • The total duty free imports in thousands of US dollars were 203,694,461.31 and duty free tariff line items share was 52.19 percent.

Development Indicators 2020

Key Development Indicators of Vietnam in 2020 are below

  • Vietnam GDP in current US dollar was 346,616 million.
  • GNI per capita, Atlas method (current US$) was 3,450.00 .
  • Vietnam Trade balance: as % of GDP was 5.52.
  • Trade balance in current US$ was 19,124.00 million.
  • Trade as percentage of GDP was 163.25 .
  • Trade in services as percentage of GDP was 7.35 .

Trade Indicators 2020

Trade Indicators for Vietnam in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 14.60.
  • World Growth in percentage was -3.77 and Vietnam Country Growth was 3.96 .