Who is Vietnam largest trading partner?

Japanese occupation

What are Vietnamese major trading partners?

Vietnam top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 41,434 15.66
Japan 20,427 7.72
Korea, Rep. 19,729 7.46
Hong Kong, China 7,162 2.71

What is Vietnam’s biggest 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).

Who is the largest trading partner?

Year-to-Date Total Trade

Rank Country Total Trade
Total, All Countries 303.6
Total, Top 15 Countries 226.5
1 China 51.4
2 Canada 44.9

What is the biggest industry 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 is the main import of Vietnam?

Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).

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Does Vietnam trade with other countries?

Yearly Exports

In 2019, Vietnam exported a total of $280B, making it the number 20 exporter in the world. … The most common destination for the exports of Vietnam are United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).

What are Vietnam major imports and exports?

Top 10

  • Electrical machinery, equipment: US$96 billion (34.3% of total imports)
  • Machinery including computers: $26.9 billion (9.6%)
  • Plastics, plastic articles: $15.2 billion (5.4%)
  • Optical, technical, medical apparatus: $10 billion (3.6%)
  • Iron, steel: $9.8 billion (3.5%)
  • Mineral fuels including oil: $8.8 billion (3.1%)

What does Vietnam sell to other countries?

As of 2017, Vietnam is the largest ASEAN supplier to the U.S. with a net export value of US$48.43 billion.

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 is Vietnam main source of income?

Leading Industries Of Vietnam

The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. The largest industries here are services which make up 49.75% of the GDP, industry which makes up 33.25%, and agriculture which makes up 17% of GDP.

What is Vietnam’s economy based on?

The Republic of Vietnam (South Vietnam) had an open market economy mostly based on services, agriculture, and aid from the United States. Though formally a free market economy, economic development was based largely on five-year economic plans or four-year economic plans.

Is Philippines richer than Vietnam?

Last month, the International Monetary Fund announced that Vietnam will surpass the Philippines in terms of per capita income by the end of this year. … From being one of Asia’s poorest nations, the average Vietnamese is now wealthier than the average Filipino.

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