Who is Vietnam biggest trading partner? (2024)

Who is Vietnam biggest trading partner?

China remains Vietnam's largest trading partner, a dynamic relationship that continued to evolve in 2022.

Who is Vietnam largest trading partner?

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.

Is Vietnam a US trade partner?

Since the two sides agreed to enter a Comprehensive Partnership in 2013, bilateral trade between the United States and Vietnam grew from USD30 billion to more than USD139 billion, a 360% increase.

Who is the largest import market in Vietnam?

China remained the largest import market of Viet Nam with a turnover of 50.1 billion USD.

Who are Vietnam's trade partners?

Since 2022 Vietnam is also a member of the Regional Comprehensive Economic Partnership (RCEP) with Australia, Brunei, Cambodia, the PRC, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, and Thailand.

Who are the top 3 export partners of Vietnam?

Yearly Trade

The most common destination for the exports of Vietnam are United States ($117B), China ($58.7B), South Korea ($25.2B), Japan ($25B), and Hong Kong ($12.7B).

What does Vietnam import the most?

Vietnam's major imports are computers, electrical products, and parts, making up18 percent of total imports. After that are machines, instruments, and accessories, making up 16 percent of imports. What are Vietnam's major exports?

Does Vietnam trade with Russia?

Vietnam Exports to Russia was US$1.56 Billion during 2022, according to the United Nations COMTRADE database on international trade. Vietnam Exports to Russia - data, historical chart and statistics - was last updated on March of 2024.

What is Vietnam's #1 export?

Top 10 exports of Vietnam in 2022

According to the Vietnam export data for 2022, Its major export products are phones and accessories ($57.99 billion), computers and electronic products ($55.54 billion), machinery and equipment ($45.75 billion), textiles ($37.57 billion), and footwear ($23.90 billion).

Is Vietnam a rich or Poor Country?

Vietnam is now defined as a lower middle income country by the World Bank.

What is Vietnam's biggest food export?

Vietnam currently exports a broad range of agricultural products all over the world. Its main exports are walnuts, coffee, and rice – accounting for just over US$5.7 billion worth of agricultural exports in 2021.

What is Vietnam the largest producer of?

Vietnam is the world's largest producer and exporter of black pepper, and India is one of its major export markets.

Is Vietnam a good trade partner?

Vietnam Trade & Investment Summary

U.S. goods exports to Vietnam in 2022 were $11.4 billion, up 3.0 percent ($336 million) from 2021 and up 146 percent from 2012. U.S. goods imports from Vietnam totaled $127.5 billion in 2022, up 25.1 percent ($25.6 billion) from 2021, and up 529 percent from 2012.

Which country is the largest supplier of weapons to Vietnam?

Russia, for decades Vietnam's top provider of weapons, markedly reduced its global arms exports last year, SIPRI data show, and Vietnam has struggled to pay for Russian weapons without breaching U.S. sanctions, according to two people briefed on the discussions.

What is Vietnam the third largest exporter of?

In volume terms, Vietnam is the world's fifth-largest rice producer and third-largest exporter. Despite high temperatures and low rainfall across many parts of Asia stemming from El Nino, production in 2023 appears to have increased 1% to 2% over 2022 to more than 43 million tonnes.

What does Vietnam export to USA?

The main products that Vietnam exported to United States are Broadcasting Equipment ($23.1B), Other Furniture ($7.13B), and Office Machine Parts ($5.55B).

What does China trade with Vietnam?

About. China-Vietnam In 2022, China exported $138B to Vietnam. The main products that China exported to Vietnam are Integrated Circuits ($12.3B), Broadcasting Equipment ($6.89B), and Telephones ($6.58B).

What are two major imports of Vietnam?

Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent).

Is China the largest trading partner of Vietnam?

China has been Vietnam's largest trading partner for many years, with their import-export turnover accounting for 25 percent of Vietnam's total import-export value.

Does Vietnam have a trade surplus?

Việt Nam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of $3.5 billion reported in the same period last year, according to the General Statistics Office (GSO).

What is Vietnam good at producing?

Raw Materials

Vietnam's beauty and climate make it home to many rubber trees and thus making the country one of the top producers of natural rubber. Alongside this, Vietnam also boasts the world's third largest bauxite ore reserves, a key element in making Aluminium.

What are the most selling products in Vietnam?

According to a survey in 2022, clothing, footwear, and cosmetic products were the most popular online product categories according to online shoppers in Vietnam. Home appliances ranked second, with 67 percent of respondents having purchased these items online.

What is the main religion in Vietnam?

Buddhism is the leading religion of the country, with 55% identifying as Buddhist. Confucianism and Taoism denote an ancient and profound Chinese influence. The first Portuguese missionaries arrived in Vietnam in the sixteenth century and today Catholics represent about 7% of the population.

Who does Vietnam support Russia or Ukraine?

Vietnam has maintained a neutral stance on the Russo-Ukrainian War since 2014, and this stance has remained following the Russian invasion of Ukraine.

How many US soldiers died in Vietnam?

The Vietnam Conflict Extract Data File of the Defense Casualty Analysis System (DCAS) Extract Files contains records of 58,220 U.S. military fatal casualties of the Vietnam War. These records were transferred into the custody of the National Archives and Records Administration in 2008.