Vietnam Trade Data to Find Trade Details of Vietnam

Vietnam is called the Socialist Republic of Vietnam and is in Southeast Asia on the eastern part of the Indonesian Peninsular. Vietnam’s neighbors are China, Laos, and Cambodia. Its economy has been traditionally agricultural. Vietnam started economic reforms in the 1990s, and it joined ASEAN in 1995. Vietnam customs data showed that Singapore, Japan, and China are important trade partners of Vietnam. According to Vietnam customs data, international trade was 210% of the country's GDP in 2020. 

Every country scrutinizes commodities being imported or exported at the various customs port in the country. Shipping com Vietnam customs data is based on documents such as shipping invoices, import bills, and other documents submitted to the port authorities, Vietnam customs, logistic companies, and other trade agencies. Vietnam customs data contains information such as:- date of shipment, mode of transportation, importer and exporter name, and contact detail, destination and departure port, import and export country, unit and total quantity, and unit price and total price of the shipment. 

Import Export Data is useful to both importers and exporters. The data gives insight into different traders (supplier and buyers) and helping importer and exporters shortlist traders they can help their business. Getting the latest and historical data helps them to study their competition strategy. Historical and current information in the database allows importers and exporters to understand what commodities are profitable, changing customer trends, and look for new prospects and growth opportunities.

The Vietnam export and import data showed that export touched 264.189 billion USD while imports touched 253.071 billion USD in 2019. Vietnam showed a trade surplus of 9.94 billion USD in 2019. China is Vietnam's largest trade partner. 

Vietnam export data shows that exports in October 2020 were 26.7 billion USD. Monthly export data showed that exports in September were 27.16 billion USD, and April recorded the lowest exports for the year with exports dipping to 17.57 billion USD. In the last few years, exports in Vietnam have doubled with the low cost of utilities, and manpower costs have attracted foreign investment in the manufacturing sector. The data revealed the top exports in Vietnam in 2019 were:-

  • Electrical machinery, equipment
  • Footwear
  • Clothing, accessories
  • Machinery including computers
  • Knit or crochet clothing, accessories

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