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).
What does Vietnam buy from the US?
The top U.S. imports from Vietnam are electric machinery and equipment, apparel and footwear, furniture, industrial machinery, fruits and nuts, leather goods, fish and iron and steel. Electric machinery and equipment is currently the top export from Vietnam to the U.S. and is also Vietnam’s No. 1 export worldwide.
What is the main export goods to Vietnam?
Industry Snapshots
| Top Exports | Export Value (2017) |
|---|---|
| Phones | US $45.1 billion |
| Textiles | US $25.9 billion |
| Electronic goods/Computers | US $25.9 billion |
| Footwear | US $14.6 billion |
What are the top 5 items that Vietnam export?
Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).
What is the biggest industry in Vietnam?
Leading the list of top industries in Vietnam is obviously information technology industry, which is followed by manufacturing, tourism, logistics, construction and agriculture.
Who is Vietnam largest trading partner?
China
Vietnam top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 61,404 | 23.21 |
| China | 41,434 | 15.66 |
| Japan | 20,427 | 7.72 |
| Korea, Rep. | 19,729 | 7.46 |
What does Vietnam produce the most?
Rice is the most important crop. It is grown principally in the Red and Mekong river deltas. Other major food crops are sugarcane, cassava (manioc), corn (maize), sweet potatoes, and nuts. Agriculture is highly labour-intensive in Vietnam, and much plowing is still done by water buffalo.
What is Vietnam’s largest export?
Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).
What is the biggest export in Vietnam?
What is Vietnam main source of income?
The majority of Vietnam’s export revenues are generated by crude petroleum, garments, footwear, and seafood, and electronic products are of growing importance.
What is the main business in Vietnam?
Economy of Vietnam
| Statistics | |
|---|---|
| Main industries | Electronics, machinery, steel, food processing, wood industry, textile, footwear, vehicle, rice, coffee, cashews, seafood, vegetable and tourism |
| Ease-of-doing-business rank | 70th (easy, 2017) |
| External | |
| Exports | $290.4 billion (2018 est.) |
What are the major imports and exports of Vietnam?
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.
Does the US have trade agreement with Vietnam?
The United States and Vietnam concluded a Bilateral Trade Agreement (BTA) in 2000, which entered into force in 2001. Vietnam is a member of the Association of South East Asian Nations (ASEAN) and subsequently, a member of ASEAN Free Trade Area (AFTA).
Does Vietnam and US trade?
– Vietnam was the United States’ 27th largest goods export market in 2019. – U.S. – The top export categories (2-digit HS) in 2019 were: electrical machinery ($1.7 billion), cotton ($1.5 billion), aircraft ($787 million), plastics ($772 million), and machinery ($476 million). – U.S. – U.S.
What are Vietnams exports?
Made in Vietnam: The Country’s Top 10 Exports Electrical equipment. According to the Observatory of Economic Complexity, a web tool which uses data from the United Nations, electrical gear and related equipment makes up the largest export category Footwear. Electronics. Clothing. Furniture. Coffee. Fish. Crude petroleum. Leather. Fruit, vegetables and nuts.
