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Vietnam Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.

Year
For viewing trade, tariff data for country or region by year click here .
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Vietnam

Overall Exports and Imports for Vietnam 2023

  • The total value of exports (FOB) is US$ 353,078 million.
  • The total value of imports (CIF) is US$ 325,444 million.
  • At the HS6 digit level, 3,761 products are exported to 97 countries and 4,295 products are imported from 97 countries.

Top 5 Products exports imports at HS 6 digit level 2023

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

  • Vietnam exported Transmission apparatus, for radioteleph incorpo , worth 63,427,209.94 (US$ Thousands).
  • Vietnam exported Parts and accessories of automatic data process , worth 14,720,625.38 (US$ Thousands).
  • Vietnam exported Monolithic integrated circuits, digital , worth 11,933,970.73 (US$ Thousands).
  • Vietnam exported Photosensitive semiconductor devices,photovolta , worth 8,527,251.88 (US$ Thousands).
  • Vietnam exported Storage units, whether or not presented with th , worth 7,110,073.93 (US$ Thousands).

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

  • Vietnam imported Monolithic integrated circuits, digital , worth 47,665,368.52 (US$ Thousands).
  • Vietnam imported Transmission apparatus, for radioteleph incorpo , worth 20,195,462.02 (US$ Thousands).
  • Vietnam imported Petroleum oils, etc, (excl. crude); preparation , worth 9,252,565.22 (US$ Thousands).
  • Vietnam imported Petroleum oils and oils obtained from bituminou , worth 6,547,419.82 (US$ Thousands).
  • Vietnam imported Parts of electrical apparatus for line telephon , worth 5,848,714.01 (US$ Thousands).

Vietnam top 5 Export and Import partners 2023

The top five countries to which Vietnam exported 2023 along with the partner share in percentage are:

  1. Vietnam exports to United States worth US$ 97,072 million, with a partner share of 27.49 percent.
  2. Vietnam exports to China worth US$ 60,574 million, with a partner share of 17.16 percent.
  3. Vietnam exports to Korea, Rep. worth US$ 23,448 million, with a partner share of 6.64 percent.
  4. Vietnam exports to Japan worth US$ 23,314 million, with a partner share of 6.60 percent.
  5. Vietnam exports to Netherlands worth US$ 10,239 million, with a partner share of 2.90 percent.

The top five countries to which Vietnam imported goods 2023 along with the share in percentage are

  1. Vietnam imports from China worth US$ 110,655 million, with a partner share of 34.00 percent.
  2. Vietnam imports from Korea, Rep. worth US$ 52,386 million, with a partner share of 16.10 percent.
  3. Vietnam imports from Japan worth US$ 21,613 million, with a partner share of 6.64 percent.
  4. Vietnam imports from Other Asia, nes worth US$ 18,419 million, with a partner share of 5.66 percent.
  5. Vietnam imports from United States worth US$ 13,827 million, with a partner share of 4.25 percent.

Vietnam Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by Vietnam in 2023 are below.

  • The maximum rate of tariff in percentage on any product is 135.
  • The simple average tariff across all products is 3.39.
  • The trade weighted average tariff is 1.09.
  • The total duty free imports in thousands of US dollars are 249,740,449.44 and duty free tariff line items share is 61.57.

Overall Trade Restrictiveness Index (OTRI)

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year is not available.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year is not available.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is 68.
  • No Of NTM Affected Products (HS 6 Digit) is 5,204.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Vietnam World Development Indicators (WDI) 2023

Key Development Indicators of Vietnam in 2023 are below

WDI

Vietnam Doing Business 2019

  • The ease of doing business rank for Vietnam is 70.
  • The trade across border rank is 104.
Doing Business

Vietnam Country Policy and Institutional Assessment (CPIA), 2015

  • The CPIA Trade Ratings for 2015 is 4.
CPIA

VietnamLogistics Performance Index (LPI) 2016

  • The LPI score for Vietnam in 2016 is 2.98.
  • The LPI rank is 64.
LPI

Vietnam Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Vietnam is 41.50.
SPRD