Vietnam foreign trade volume jumps to a record $410 billion

Vietnam foreign trade volume jumps to a record 0 billionVietnam this year expects a record foreign trade volume of around $410 billion, the country’s General Department of Vietnam Customs said on December 20. Those combined total import and export turnovers are double the figure of just six years ago and substantially more than back in 2001, even catching up with Thailand this year.

The volume of Vietnam’s foreign trade was only $30 billion in 2001, but rose to $100 billion in 2007 when Vietnam joined the World Trade Organization, and reached $200 billion 2011 and $300 billion in 2015.

This year by December 15, Vietnam gained export turnovers of nearly $204 billion and import turnovers of $201.3 billion, resulting in a trade surplus of $2.7 billion by that date. For the full year, the customs department expects a trade surplus of roughly $3 billion, the biggest-ever.

In comparison, Vietnam saw an annually average trade deficit of $12.5 billion between 2006 to 2010, and $2 billion in average in the 2011-2015 period.

Main export goods of Vietnam are clothes, shoes, marine products, crude oil, coal, electronics, wooden products, rice, coffee and machinery. Main export partners are China with almost one third 27.2 per cent of trade volume, followed by South Korea, Japan, Taiwan and others, among which the US has become the fastest-growing export market after relations between Hanoi and Washington gradually improved in the recent past.

The country’s imports consist of machinery, refined petroleum, steel, raw material for the textile industry, vehicles and electronic parts. The main origins of Vietnam’s imports are China, Taiwan, Singapore, Japan, South Korea, Thailand, and Malaysia.



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Vietnam this year expects a record foreign trade volume of around $410 billion, the country’s General Department of Vietnam Customs said on December 20. Those combined total import and export turnovers are double the figure of just six years ago and substantially more than back in 2001, even catching up with Thailand this year. The volume of Vietnam’s foreign trade was only $30 billion in 2001, but rose to $100 billion in 2007 when Vietnam joined the World Trade Organization, and reached $200 billion 2011 and $300 billion in 2015. This year by December 15, Vietnam gained export turnovers of...

Vietnam foreign trade volume jumps to a record 0 billionVietnam this year expects a record foreign trade volume of around $410 billion, the country’s General Department of Vietnam Customs said on December 20. Those combined total import and export turnovers are double the figure of just six years ago and substantially more than back in 2001, even catching up with Thailand this year.

The volume of Vietnam’s foreign trade was only $30 billion in 2001, but rose to $100 billion in 2007 when Vietnam joined the World Trade Organization, and reached $200 billion 2011 and $300 billion in 2015.

This year by December 15, Vietnam gained export turnovers of nearly $204 billion and import turnovers of $201.3 billion, resulting in a trade surplus of $2.7 billion by that date. For the full year, the customs department expects a trade surplus of roughly $3 billion, the biggest-ever.

In comparison, Vietnam saw an annually average trade deficit of $12.5 billion between 2006 to 2010, and $2 billion in average in the 2011-2015 period.

Main export goods of Vietnam are clothes, shoes, marine products, crude oil, coal, electronics, wooden products, rice, coffee and machinery. Main export partners are China with almost one third 27.2 per cent of trade volume, followed by South Korea, Japan, Taiwan and others, among which the US has become the fastest-growing export market after relations between Hanoi and Washington gradually improved in the recent past.

The country’s imports consist of machinery, refined petroleum, steel, raw material for the textile industry, vehicles and electronic parts. The main origins of Vietnam’s imports are China, Taiwan, Singapore, Japan, South Korea, Thailand, and Malaysia.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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