Vietnam's average unemployment rate was 2.37% for 2020 up from 2.15% one year earlier, according to Trading Economics. This statistic is not included in your account. The total trade value between Vietnam and its 10 biggest trading partners accounts for 72 per cent of the country's total import export value. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Japan with US$37.8 billion (accounting for 7.9 per cent). Please contact us to get started with full access to dossiers, forecasts, studies and international data. Vietnam is currently our 13th largest goods trading partner with $77.5 billion in total (two way) goods trade during 2019. Found inside – Page 35Vietnam: Trade Developments, TPP, and FTAs (concluded) The Trans-Pacific Partnership (TPP) is of particular importance. It has the potential to increase the efficiency of domestic markets (services, SOEs, procurement), ... Poland: $22.4 billion. However, Vietnam's exports to the United States have been growing rapidly for quite some time as its bilateral trade deficit with the United States has widened. Among China's trading partners that generate the greatest positive trade balances, Chinese surpluses with the United Kingdom (up 37.4%), Singapore (up 31.7%) and Poland (up 12.3%) grew at the fastest pace from 2019 to 2020. Found inside – Page 161Vietnam's trade relations with the group will probably expand more rapidly. ... From representing only 4 percent of Vietnam's trade in 1986, the ASEAN countries grew in importance as trading partners, accounting for one-third of ... Also, Viet Nam's exports to Korea reached $6.63 billion, up 18.8 per cent, and it imported goods worth $20.7 billion, an increase of 33.2 per . The total trade value between Vietnam and its 10 biggest trading partners accounts for 72 per cent of the country's total import export value. supply chain management. project management. Vietnam's 10 biggest trading partners. Found insideVietnam has gained much from external trade, even though the pull effect that Vietnam's trading partners exerted on its exports has been small and negative, offsetting gains in world market shares by 0.5 percent (see figure 1.2). The ideal entry-level account for individual users. Germany with US$10.7 billion (accounting for 2.2%). Photo by VnExpress/Giang Huy. Vietnam's placement on this list may be somewhat surprising since the country is still quite a small trading partner with the United States. In, USDA Foreign Agricultural Service. Found inside... however, also stresses that the EU will “take into account the development needs” of its trading partners. ... The EU–Vietnam trade relationship is therefore embedded in the framework of the PCA (European Parliament 2014), ... Reliable partner, trusted by a dozen of suppliers all over the world. Vietnam's trade with China rose by 14 percent last year to $133.09 billion, making it the latter's sixth largest trading partner. Statista. Factory Selection 2. Trading and Sourcing Partner Vietnam is dedicated to sourcing and supplying the best quality products at the most competitive costs to our clients world wide. Exports in Vietnam averaged 8.20 USD Billion from 1990 until 2021, reaching an all time high of 29.65 USD Billion in March of 2021 and a record low of 0.54 USD Billion in February of 1997. The total . The turnover was $27.33 billion, up 29.4 per cent year-on-year. The Republic of Korea follows in second with US$65.7 billion (accounting for 13.7%). Japan with US$37.8 billion (accounting for 7.9 per cent). Found inside – Page 25heavy trading relationship with the United States, renders Vietnam more susceptible to external pressure than its ... the Vietnamese communist system could well go the way of its former Central and East European communist partners. The United States makes up the top three with US$60.3 billion (accounting for 12.6 per cent). sourcing of goods and partnerships. Containers seen at the Kim Thanh Border Gate No.2 with China in the northern province of Lao Cai in February 2020. Corporate solution including all features. Found inside – Page 75TRADE BALANCE The continued growth of total export value and decline of imports carried through october, ... VIETNAM'S TRADING PARTNERS The U.S. was vietnam's eighth largest trading partner through the first 10 months of the year with ... Found inside – Page 81It comes as no surprise that China is of major strategic concern for Vietnam, as the great Northern neighbour of Vietnam has been of security interest for over 2,000 years, and is Vietnam's largest trading partner. Sino-Vietnamese trade ... Found inside – Page 4economy designed to highlight the trade creation and trade diversion consequences of this preferential ... model to evaluate how different trade liberalization policies of Vietnam and its main trading partners affect Vietnam's welfare ... With a GDP of $261.9 billion, the economy is growing and the volume of foreign trade has been increasing. Actively contribute to the local community. We are a knowledgeable Asia sourcing agent with overseas trading partners that provide top quality manufacturing services in both India and Vietnam. Found inside – Page 172017 Trading Partners Vietnam has many important trading partners. Trading partners are the countries where Vietnam sends its exports or where its imports come from. Here is a graph showing Vietnam's top import and export partners as of ... The U.S. goods trade deficit with Vietnam was $55.8 billion in 2019. The country suffered $28.2 billion trade deficit with China since the beginning of the year, the Inside Out citing a report from Vietnam Business Reviews Nine ASEAN member states with US$56.3 billion (making up 11.7%) and the European Union with US$55.8 billion (accounting for 11.6 %). At Global Ethos we work with companies who look for trading opportunities with Vietnam. We assist our partners in a variety of ways. Merchandise Trade summary statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year The first table below shows top trading partners of Vietnam in terms of export sales (selling), including United States, Japan, and China. Vietnam is currently our 13th largest goods trading partner with $77.5 billion in total (two way) goods trade during 2019. High effective logistics. The first table below shows top trading partners of Vietnam in terms of export sales (selling), including United States, Japan, and China. Found inside – Page 101A glance at the result tables reveals the regression coefficients of the fundamental variables of the trade gravity model, incorporating the economic capacity of Vietnam and partner countries (Yi and Yj), the market size of partner ... At Global Ethos we work with companies who look for trading opportunities with Vietnam. (April 5, 2021). R. 703, 7th Floor, Vietnam Economic Times Building, 96 - 98 Hoang Quoc Viet St., Nghia Do Ward, Tel: +84 24 3227 2821 Fax: +84 24 3227 2824. Vietnam is a member of the World Bank, the International Monetary Fund, Asian […] The Republic of Korea follows in second with US$65.7 billion (accounting for 13.7%). Found insideVietnam's economic expansion is also reflected in the change in trade partners. Up to the early 1980s, the socialist countries accounted for 75% and 80% of Vietnam's export and import, respectively. The changes in the latter half of ... Found inside – Page 17I emphasize to the Vietnamese and to our trading partners all over the world : free trade is fair trade . It is equal trade , both ways . When I look at a country , and the United States is the numberone export market , but when I look ... Found inside – Page 117Looking at the bilateral trade balance, Vietnam addresses the trade deficit with China, which makes China become one of the most important trading partners of Vietnam. Trading with China plays an important role in boosting up Vietnam's ... Import value of consumer-oriented products in Vietnam in 2020, by trade partner (in million U.S. dollars) [Graph]. Vietnam's total trade with the United States was $9.14 billion in July, a change of 9.59 percent from the same month one year ago. The second lists top trade partners of Vietnam regarding import total (buying). Must specify "Source: Customs News" and link to the original content when re-publish information from this website. The U.S. goods trade deficit with Vietnam was $55.8 billion in 2019. Top trading partners (import sources) of Vietnam in 2020: China with a share of 32% (84 billion US$) Korea with a share of 17.9% (46 billion US$) Japan with a share of 7.75% (20 billion US$) Other Asia, nes with a share of 6.39% (16.7 billion US$) USA with a share of 5.26% (13.7 billion US$) Please do not hesitate to contact me. , Jun 2, 2021. Found insideChinese version, but its Vietnamese version reverses the order and puts “friendly neighbours” first, ... China replaced Japan as Vietnam's top trading partner in 2004 and has maintained its lead ever since, with a growing distance ... In the Jan.-Oct. period, China and US remained the biggest trade partners of Vietnam. Found insideIn 1991 , Vietnam's trading partners were concentrated in the Southeast Asia Region . Exports to Asian countries increased by 73 percent over 1990 and 1991. Japan , Singapore , and Hong Kong accounted for 58 percent of the whole trade ... Found inside – Page 162While Vietnam always gains a trade surplus with other key partners such as the US, the UK, Germany, Australia, etc., the huge trade deficit with China alone has made the country's current account become negative. Register in seconds and access exclusive features. The total trade value between Vietnam and its 10 biggest trading partners accounts for 72 per cent of the country's total import export value. Table reflects only those months for which there was trade. Malaysia with US$11.5 billion (constituting for 2.4%). As a Premium user you get access to the detailed source references and background information about this statistic. Vietnam's placement on this list may be somewhat surprising since the country is still quite a small trading partner with the United States. Goods exports totaled $10.9 billion; goods imports totaled $66.6 billion. Details may not equal totals due to rounding. 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