What goods are imported to Vietnam?

What does Vietnam import the most?

Imports The top imports of Vietnam are Integrated Circuits ($27.1B), Telephones ($13.7B), Refined Petroleum ($6.92B), Light Rubberized Knitted Fabric ($5.3B), and Semiconductor Devices ($4.38B), importing mostly from China ($91.1B), South Korea ($47.8B), Japan ($16.3B), Thailand ($11.8B), and Chinese Taipei ($11.4B).

What are the main imports and exports of Vietnam?

Vietnam Exports and Imports of Product Groups 2019

  • Vietnam Raw materials exports are worth US$ 20,125 million, product share of 7.61%.
  • Vietnam Raw materials imports are worth US$ 26,300 million, product share of 10.38%.
  • Vietnam Intermediate goods exports are worth US$ 33,652 million, product share of 12.72%.

What are some major imports and exports in Vietnam?

Economy of Vietnam

Statistics
Export goods Electronics, textiles products, machinery, footwear products, transportation products, wooden products, seafood products, steel, crude oil, pepper, rice and coffee
Main export partners China(+) 19.6% United States(+) 18.1% Japan(+) 7.43% South Korea(+) 7.09% (2018 est.)

What are the major exports of Vietnam?

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).

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Does the US have a trade agreement with 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. … The BTA is the most comprehensive trade agreement Vietnam has signed to date.

What goods are imported from Vietnam?

The top U.S. imports from Vietnam are electric machinery and equipment, apparel and footwear, furniture, industrial machinery, fruits and nuts, leather goods, fish and iron and steel. Electric machinery and equipment is currently the top export from Vietnam to the U.S. and is also Vietnam’s No. 1 export worldwide.

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 famous for producing?

Vietnam is a key source of electronics, furniture, clothing, footwear, and fish for Americans. It also is a key global exporter of coffee, rice, and other food.