In 2019, Vietnam signed a free trade agreement with the EU. Its trade with the Asian economies constitutes approximately 80 percent of its total trade. It signed a bilateral trade agreement with Korea in 2015, as well as a trade agreement with the Russian-led Customs Union block. June 05, 2019. [br] U.S. goods exports to Vietnam were worth over $10 billion in 2020, and U.S. goods imports in 2020 were worth $79.6 billion. In 2020, Thailand was the world's biggest exporter of Rubber . The latest information regarding significant trade barriers can be found in the 2021 National Trade Estimate Report, see here. In terms of total turnover, at the end of 2019, Japan ranked fourth (after China, the . Thailand with US$17.3 billion (accounting for 3.6%). JTI Vietnam successfully organized Trade Partner Appreciation Parties in Ho Chi Minh City, Hanoi, and Hai Phong. Vietnam was the United States' 28th largest goods export market in 2020. As your trusted India trading partner and Vietnam trading partner, we offer the following: 1. Vietnam U.S. Commercial Service Vietnam Our network of trade professionals represents unparalleled global reach. The two-way trade has grown dramatically, and China has been Vietnam's largest trading partner since 2004. Trade policies. Vietnam and the EU are long-standing trading partners. It signed a bilateral trade agreement with Korea in 2015, as well as a trade agreement with the Russian-led Customs Union block. U.S. investment in Vietnam was $2.6 billion in 2019. Third Party Full Day Inspection 5. Hanoi seeks stronger partnership with US (Photo . (VOVWORLD) - Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen led a delegation to the US from October 27 to 31 to strengthen investment, trade and tourism, and seek out more US business partners. Vietnam Trade Office in Laos acts as bridge. U.S. imports from Vietnam account for 3.4 percent of overall U.S. imports in 2020. In 2020, the total value of imports in Vietnam from China amounted to around 73 billion euros, making China the leading import trade partner of Vietnam that year. Like the rest of the world, Vietnam has several trade shows. Hanoi seeks stronger partnership with US. One company, Vietin Bank is a regional bank. As a Premium user you get access to the detailed source references and background information about this statistic. "Main import trade partners of Vietnam in 2021, by trade value (in billion euros)." If you are an admin, please authenticate by logging in again. Trading:Coffee: arabica & robustaBlack pepper: 550, 500, 450g . Find the latest trade statistics and economic complexity data for Thailand. China is Vietnam's leading trading partner with a total import and export value of US$106.7 billion, making up 22.2% the country's total imports and exports. The United States, along with like-minded partners including Australia, Japan, France, and the United Kingdom, should propose a multilateral . According to the General Department of Vietnam Customs, China posts the highest trade turnover with Vietnam of all countries and territories. Factory Selection 2. Leading domestic export categories include: cotton ($1.2 billion), soybeans ($425 million), distillers grains ($284 million), dairy products ($185 million), and other feeds, meals and fodders ($155 million). You need at least a Starter Account to use this feature. On October 2, 2020, the Office of the United States Trade Representative . statistic alerts) please log in with your personal account. U.S. total imports of agricultural products from Vietnam totaled $2.1 billion in 2020, our 20th largest supplier of agricultural imports. As a Premium user you get access to background information and details about the release of this statistic. In 2020, Vietnam GDP was an estimated $340.6 billion (current market exchange rates); real GDP was up by an estimated 1.6 percent; and the population was 97 million. Vietnam Sourcing Fairs and Trade Shows. It is also considered Vietnam's most important market, making a major impact on the size and . The following section uses the most recent trade data from partners of Thailand. The total trade value between Vietnam and its 10 biggest trading partners accounts for 72 per cent of the countrys total import export value. To use individual functions (e.g., mark statistics as favourites, set and over 1Mio. Services exports were $2.2 billion; services imports were $461 million. ", European Commission, Main import trade partners of Vietnam in 2021, by trade value (in billion euros) Statista, https://www.statista.com/statistics/1088018/vietnam-main-import-trade-partners-by-trade-value/ (last visited November 08, 2022), Main import trade partners of Vietnam in 2021, by trade value, Available to download in PNG, PDF, XLS format, Leading merchandise exporters worldwide 2020, by value, Share of leading merchandise exporters worldwide 2020, 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 2000-2021, U.S. trade balance of goods and services 2000-2021, U.S. foreign trade - balance of trade goods and services by quarter 2010-2022, U.S. foreign trade - imports of trade goods and services by quarter 2010-2022, U.S. foreign trade - exports of trade goods and services by quarter 2010-2022, Total monthly imports and exports of goods of the U.S. 2017-2021, Total value of U.S. trade balance 2015-2022, by month, Leading 15 trade partners with the United States 2021, by country, Leading 15 countries share of U.S. total trade in goods 2021, Total value of U.S. trade in goods with Canada 2004-2021, Total value of U.S. trade in goods with Mexico 2004-2021, Total value of U.S. trade in goods with Japan 2000-2021, Total value of U.S. trade in goods with Germany 2000-2021, 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, Italy: opinion on growing trade for the own country 2018, Growth of worldwide imports in Vietnam 2011-2021, United Kingdom total trade value 2016-2021, China's total imports and exports in goods 2011-2021, Import value of salt to Indonesia from Australia 2011-2017, Italy: opinion on growing trade and impact on prices 2018, Total import value from the EU to Vietnam 2010-2021, Share of imports from the EU to Vietnam 2021, by type of goods, Value of U.S. merchandise trade with Sri Lanka 2000-2010, Total value of U.S. trade in goods with France 2022, by month, Value of international U.S. trade in goods and services 2000-2010, Main import trade partners of Vietnam in 2021, by trade value (in billion euros), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. Trade in services with Vietnam (exports and imports) totaled an estimated $2.6 billion in 2020. Vietnam has negotiated two agreements with the European Union: The EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA). Most of the trade shows in Vietnam are focused on specific industries. According to its General Statistics Office (GSO), in 2018, Vietnam exported $41.9 billion worth of goods to its giant neighbor and imported $65.8 billion worth from it.In the same year, it sold $47.5 billion worth of goods to the US and bought $12.8 billion worth from it. The U.S. goods and services trade deficit with Vietnam was $68.0 billion in 2020. The CPTPP is a free trade agreement between 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam). Danang Rubber Company (rubber) DOJI Gold and Gems Group (gold, jewelry) The top import categories (2-digit HS) in 2020 were: electrical machinery ($27 billion), furniture and bedding ($9.9 billion), knit apparel ($7.1 billion), machinery ($6.8 billion), and footwear ($6.5 billion). Data on Vietnam's FDI in the U.S. are not available. Leading services exports from the U.S. to Vietnam were in the travel, transportation, and technical and other services sectors. Please do not hesitate to contact me. It increased a whopping 41 percent as the U.S.-China trade war escalated, going from $39.5 . In the first nine months of this year, its trade turnover with Vietnam reached $132.38 billion, accounting for over 23.7 per cent of total trade turnover. Currently, you are using a shared account. Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. Sales of services in Vietnam by majority U.S.-owned affiliates were $860 million in 2018 (latest data available). Vit Nam is set to increase the base wage from July 2023. Especially, Vietnam enjoyed a trade surplus of US$141 million in . Contact Us. 2019 LOOKAHEAD: clouds on the trade horizon; Vietnam court orders ride-hailing app to compensate taxi firm; Germany, France push to create industrial 'European champions' Vietnam's 'incense village' blazes pink ahead of lunar new year; Vietnam, France seeks to push up trade cooperation have 315 words, post on en.qdnd.vn at October 22, 2022 . Without the country's trading partners and foreign direct investment that saw its economic potential . Established in 1979, INTIMEX Import Export Corporation is a State owned company under the Ministry of Trade Vietnam. The U.S.-Vietnam Bilateral Trade Agreement (BTA) is a comprehensive document covering trade in goods, protection of intellectual property rights, trade in services, investment protection, business facilitation and transparency. Overseas Project Manager 4. Trade picture. Two Vietnamese corporations rank among Forbes Global 2000. U.S. imports of services from Vietnam were an estimated $461 million in 2020, 62.9 percent ($782 million) less than 2019, but 27 percent less than 2010 levels. (Source: IMF). Deputy Editor-in-Chief: Hoang Anh Vinh - Nguyen Chi Thanh, Licence No. Register in seconds and access exclusive features. The office is preparing for the Vietnam-Laos Trade Fair slated for November 3-7 . U.S. goods and services trade with Vietnam totaled an estimated $92.2 billion in 2020. Country / Region Vietnam For viewing trade, tariff data for country or region by year click here . The U.S. Chamber of Commerce in conjunction with AmCham and the Vietnam Chamber of Commerce and Industry hosted the 3rd annual US-Vietnam Business Summit on May 10 in Hanoi to discuss Vietnam's economic development and how the country can benefit from ongoing global trade developments. Only two major trading partners are outside Asia and listed in the Top 10, which are the United States and Germany. Run for zero violence against women and girls in Vietnam: Vietnam a key partner in India's Indo-Pacific vision: Indian President . Currently, Vietnam's major trading partners include Japan, Singapore, Hong Kong, Taiwan, Korea and the European Union. Vietnam Major Exports As soon as this statistic is updated, you will immediately be notified via e-mail. Goods exports totaled $9.9 billion; goods imports totaled $79.6 billion. U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to over $90 billion in 2020. According to the data disclosed by the National Bureau of Statistics of China (NBS), the total trade between China and Vietnam amounted to USD 192 billion, accounting for more than 4% of Beijing's international trade in the year and making Vietnam the most important partner in South-east Asia. BEIJING -- Southeast Asia became China's largest trade partner in the January-June half as the trade war with the U.S. forces Beijing to recalibrate its global supply chain. We are a knowledgeable Asia sourcing agent with overseas trading partners that provide top quality manufacturing services in both India and Vietnam. U.S. total exports of agricultural products to Vietnam totaled $3.4 billion in 2020, our 7th largest agricultural export market. The U.S. goods trade deficit with Vietnam was $69.7 billion in 2020, a 25.3 percent increase ($14.1 billion) over 2019. United States and Vietnam in 1995, overlapping strategic and economic interests have led the two countries to expand ties across a wide spectrum of issues. Leading services imports from Vietnam to the U.S. were in the travel, transportation, and professional and management services sectors. Market Value: 47,430 (millions) Last Updated: June, 2019, Market Value: 57,883 (millions) Last Updated: June, 2019. Country Vietnam Year/Range 2019 Trade Flow Exports & Imports The U.S. services trade surplus with Vietnam was $1.7 billion in 2020. Then you can access your favorite statistics via the star in the header. Vietnam Exports and Imports of Product Groups 2020 More. Japan is Vietnam's largest trading partner among 10 trading partners under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), including: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Singapore. Vietnam's merchandise import and export continued to reach a trade surplus of nearly 17 billion USD in 9 months, this trade surplus was 2.6 times higher than the same period in 2018 and 2.3 times higher than the same period in 2019.
Honor Society Profile,
Godzilla Final Wars Monster X,
Radzen Notification Service,
Wastewater Treatment Costs,
S3 Multipart Upload Access Denied,
Pangakupu Crossword Setter,
Pharmaceutical Industries,
Thea Restaurant Atlanta,