{"id":910,"date":"2020-01-07T08:50:18","date_gmt":"2020-01-07T08:50:18","guid":{"rendered":"https:\/\/hlshipping.com\/?p=910"},"modified":"2020-01-07T08:50:18","modified_gmt":"2020-01-07T08:50:18","slug":"english-vietnams-top-10-exports","status":"publish","type":"post","link":"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/","title":{"rendered":"Vietnam\u2019s Top 10 Exports"},"content":{"rendered":"The eastern-most nation on Southeast Asia\u2019s Indochina Peninsula, the Socialist Republic of Vietnam shipped an estimated US$290.4 billion worth of goods around the globe in 2018. That dollar amount reflects an 93.3% gain since 2014 and a 35.7% improvement from 2017 to 2018.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-911\" src=\"https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports-1024x727.jpg\" alt=\"\" width=\"1024\" height=\"727\" srcset=\"https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports-1024x727.jpg 1024w, https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports-300x213.jpg 300w, https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports-768x545.jpg 768w, https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports-1536x1090.jpg 1536w, https:\/\/hlshipping.com\/wp-content\/uploads\/2020\/01\/Vietnam\u2019s-Top-10-Exports.jpg 1747w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p><div class=\"hlshi-noi-dung_2\" id=\"hlshi-1003909305\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3704539290800521\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-client=\"ca-pub-3704539290800521\" \ndata-ad-slot=\"5961295770\" \ndata-ad-layout=\"in-article\"\ndata-ad-format=\"fluid\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p>In addition, Vietnam furnished an estimated $15.1 billion worth of international services during 2018 encompassing about $10.3 billion from travel-related services.<\/p>\n<p>From a continental perspective, 52.8% of Vietnam\u2019s exported goods by value were delivered to fellow Asian countries while 21.8% were sold to North American importers. Vietnam shipped another 19.2% worth of goods to Europe. Smaller percentages went to Latin America excluding Mexico but including the Caribbean (2.4%), Oceania led by Australia (1.8%) then Africa (1.1%).<\/p>\n<p>Given Vietnam\u2019s population of 97 million people, its total $290.4 billion in 2018 exports translates to roughly $3,000 for every resident in the Southeast Asian nation.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">M\u1ee5c l\u1ee5c<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69daec1f3b224\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69daec1f3b224\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/#Vietnams_Top_10_Exports\" >Vietnam\u2019s Top 10 Exports<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/#Advantages\" >Advantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/#Opportunities\" >Opportunities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/#Companies\" >Companies<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/#Vietnamese_Export_Companies\" >Vietnamese Export Companies<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vietnams_Top_10_Exports\"><\/span>Vietnam\u2019s Top 10 Exports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The following export product groups represent the highest dollar value in Vietnamese global shipments during 2018. Also shown is the percentage share each export category represents in terms of overall exports from Vietnam.<\/p>\n<ol>\n<li>Electrical machinery, equipment: US$117.2 billion (40.4% of total exports)<\/li>\n<li>Footwear: $22.7 billion (7.8%)<\/li>\n<li>Machinery including computers: $15.9 billion (5.5%)<\/li>\n<li>Clothing, accessories (not knit or crochet): $15.9 billion (5.5%)<\/li>\n<li>Knit or crochet clothing, accessories: $14.8 billion (5.1%)<\/li>\n<li>Furniture, bedding, lighting, signs, prefab buildings: $9.8 billion (3.4%)<\/li>\n<li>Optical, technical, medical apparatus: $6.2 billion (2.2%)<\/li>\n<li>Fish: $5.6 billion (1.9%)<\/li>\n<li>Coffee, tea, spices: $4.4 billion (1.5%)<\/li>\n<li>Leather\/animal gut articles: $4.2 billion (1.5%)<\/li>\n<\/ol>\n<p>Vietnam\u2019s top 10 exports accounted for about three-quarters (74.7%) of the overall value of its global shipments.<\/p>\n<p>Electrical machinery and equipment was the fastest-growing among the top 10 export categories, up by 56.4% year over year since 2017.<\/p>\n<p>In second place for improving export sales was footwear thanks to its 49.7% increase.<\/p>\n<p>Vietnam\u2019s shipments of furniture, bedding, lighting, signs and prefabricated buildings posted the third-fastest gain in value up by 48.7% year over year.<\/p>\n<p>The leading decliner among the top 10 Vietnam export categories was optical, technical and medical apparatus which fell -16.1%<\/p>\n<p>From the more granular four-digit Harmonized Tariff System code level, phone system devices including smartphones represent Vietnam\u2019s most valuable exported product at 23.1% of the country\u2019s total. In second place were integrated circuits or microassemblies (5.8%) trailed by textile footwear (3.8%), TV, radio or radar device parts (3%), leather footwear (2.3%), miscellaneous furniture (2.1%), printing machinery (1.7%) insulated wire or cable (1.5%) rubber or plastic footwear (1.4%) then knitted or crocheted jerseys and pullovers (also 1.4%).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Advantages\"><\/span>Advantages<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Overall, Vietnam posted a $32.2 billion trade surplus during 2018, up by 873.6% from the $3.3 billion in black ink one year earlier.<\/p>\n<p>The following types of Vietnamese product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country\u2019s total exports minus the value of its total imports.<\/p>\n<p>In a nutshell, net exports represent the amount by which foreign spending on a home country\u2019s goods or services exceeds or lags the home country\u2019s spending on foreign goods or services.<\/p>\n<ol>\n<li>Electrical machinery, equipment: US$49.1 billion (Up by 300% since 2017)<\/li>\n<li>Footwear: $20.8 billion (Up by 45.6%)<\/li>\n<li>Knit or crochet clothing, accessories: $13.1 billion (Up by 11.6%)<\/li>\n<li>Clothing, accessories (not knit or crochet): $12.8 billion (Up by 5.3%)<\/li>\n<li>Furniture, bedding, lighting, signs, prefab buildings: $8.1 billion (Up by 35.9%)<\/li>\n<li>Leather\/animal gut articles: $3.6 billion (Up by 23.2%)<\/li>\n<li>Coffee, tea, spices: $3.5 billion (Down by -11.5%)<\/li>\n<li>Wood: $2 billion (Up by 256.2%)<\/li>\n<li>Meat\/seafood preparations: $2 billion (Down by -7.2%)<\/li>\n<li>Rubber, rubber articles: $1.9 billion (Up by 23.7%)<\/li>\n<\/ol>\n<p>Vietnam has highly positive net exports in the international trade of electrical machinery and equipment. In turn, these cashflows indicate Vietnam\u2019s strong competitive advantages under the electrical products category.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Opportunities\"><\/span>Opportunities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Below are exports from Vietnam that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Vietnam\u2019s goods trail Vietnamese importer spending on foreign products.<\/p>\n<ol>\n<li>Plastics, plastic articles: -US$9.7 billion (Up by 0.04% since 2017)<\/li>\n<li>Mineral fuels including oil: -$8.8 billion (Up by 34.3%)<\/li>\n<li>Machinery including computers: -$8.6 billion (Down by -24%)<\/li>\n<li>Iron, steel: -$7.5 billion (Up by 2.6%)<\/li>\n<li>Knit or crochet fabric: -$6 billion (Up by 63%)<\/li>\n<li>Vehicles: -$3.7 billion (Up by 68.5%)<\/li>\n<li>Organic chemicals: -$3.5 billion (Up by 18.1%)<\/li>\n<li>Meat: -$3.5 billion (Up by 1,280%)<\/li>\n<li>Optical, technical, medical apparatus: -$3.3 billion (Up by 293.8%)<\/li>\n<li>Manmade filaments: -$2.9 billion (Up by 87.8%)<\/li>\n<\/ol>\n<p>Vietnam has highly negative net exports and therefore deep international trade deficits under the plastic materials and items made from plastics category.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Companies\"><\/span>Companies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h1><span class=\"ez-toc-section\" id=\"Vietnamese_Export_Companies\"><\/span>Vietnamese Export Companies<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Two Vietnamese corporations rank among Forbes Global 2000. One company, Vietin Bank is a regional bank.<\/p>\n<p>The other large business, Petrovietnam Gas is part of the following list of Vietnamese international trade businesses:<\/p>\n<ul>\n<li>Petrovietnam Gas (petroleum\/natural gas)<\/li>\n<li>Samsung Electronics (electronics)<\/li>\n<li>Viettel Group (telecommunications)<\/li>\n<li>Vinamilk (dairy products)<\/li>\n<li>DOJI Gold and Gems Group (gold, jewelry)<\/li>\n<li>FPT Group (information technology)<\/li>\n<li>Hoa Phat Group (metals)<\/li>\n<li>Habeco (beer)<\/li>\n<li>World Auto (cars, motorcycles)<\/li>\n<li>Danang Rubber Company (rubber)<\/li>\n<\/ul>\n<p>Vietnam\u2019s capital is Hanoi, a city nicknamed \u201cParis of the Orient\u201d and \u201cParis of the East\u201d.<\/p>\n<p>In macroeconomic terms, Vietnam\u2019s total exported goods represent 39.1% of its overall Gross Domestic Product for 2018 ($710.3 billion valued in Purchasing Power Parity US dollars). That 39.1% for exports to overall GDP in PPP for 2018 compares to 53.9% for 2014, seeming to indicate a relatively decreasing reliance on products sold on international markets for Vietnam\u2019s total economic performance. And while this article focuses on exported goods, it is interesting to note that Vietnam also provided $15.1 billion worth of exports-related services to global customers for an additional 2.1% of GDP in PPP. These metrics include a significant amount of re-exporting activity.<\/p>\n<p>Another key indicator of a country\u2019s economic performance is its unemployment rate. Vietnam\u2019s unemployment rate was 2.16% at June 2019 down from 2.2% one year earlier, according to Trading Economics.<\/p>\n<p>Follow: <a href=\"http:\/\/www.worldstopexports.com\/vietnams-top-10-exports\/\">Vietnam\u2019s Top 10 Exports<\/a><div class=\"hlshi-sau-noi-dung\" id=\"hlshi-898425655\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3704539290800521\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-client=\"ca-pub-3704539290800521\" \ndata-ad-slot=\"5961295770\" \ndata-ad-layout=\"in-article\"\ndata-ad-format=\"fluid\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The eastern-most nation on Southeast Asia\u2019s Indochina Peninsula, the Socialist Republic of Vietnam shipped an estimated US$290.4 billion worth of goods around the globe in 2018. That dollar amount reflects an 93.3% gain since 2014 and a 35.7% improvement from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[120],"class_list":["post-910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc","tag-vietnams-top-10-exports"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vietnam\u2019s Top 10 Exports - HL Shipping<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hlshipping.com\/en\/english-vietnams-top-10-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[:en]Vietnam\u2019s Top 10 Exports[:]\" \/>\n<meta property=\"og:description\" content=\"The eastern-most nation on Southeast Asia\u2019s Indochina Peninsula, the Socialist Republic of Vietnam shipped an estimated US$290.4 billion worth of goods around the globe in 2018. 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