Bilateral Trade by Products
In 2020, Vietnam exported $49.4B to China
. The main products exported from Vietnam to China were Telephones ($12.5B), Integrated Circuits ($8.47B), and Non-Retail Pure Cotton Yarn ($1.84B).
What did China import from Vietnam?
Vietnam exported agricultural and aquatic products to China worth $8.1 billion in 2020, with imports coming the other way — mainly
machinery and electronic products
— worth $43.3 billion.
What fish is exported from Vietnam?
Shrimp, striped catfish and hard clams
are the most important and leading products in seafood export structure of Vietnam. The main export markets of Vietnam’s fishery products include the United States, Japan, the European Union, Russia, and other Asian countries.
What is Vietnam’s biggest export?
Electronics
. Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.
What is Vietnam’s largest export?
| Sl. No. Export Product Value (USD) | 1 Electrical machinery 96 billion | 2 Footwear, gaiters 18.9 billion | 3 clothing accessories, not knitted, and crocheted 15.1 billion | 4 clothing accessories, not knitted, and crocheted 14.8 billion |
|---|
Does Vietnam rely on China?
Vietnam also
depends on China for capital goods
, which includes machinery, equipment, vehicles, and tools used to make finished goods. In 2000, Vietnam imported US$600 million of capital goods from China, accounting for 42.85 percent of all imports from the latter.
Does Vietnam trade with China?
Though the two nations have had a sometimes uneasy history,
Vietnam is China’s largest trading partner in Southeast Asia
and China was Vietnam’s biggest trade partner last year.
Does Vietnam have any trade barriers?
Vietnam eliminated many non-tariff barriers under the 2001 United States-Vietnam Bilateral Trade Agreement (BTA) and through its accession to the WTO, including quantitative restrictions on imports, quotas, bans, permit requirements, prior authorization requirements, licensing requirements, and other restrictions …
What are the top 5 items that Vietnam export?
Exports The top exports of Vietnam are
Broadcasting Equipment ($42B), Telephones ($21.4B), Integrated Circuits ($19.4B), Textile Footwear ($8.9B), and Office Machine Parts ($7.68B)
, exporting mostly to United States ($77B), China ($49.4B), Japan ($20.4B), South Korea ($19.6B), and Hong Kong ($13.8B).
What are goods export from Vietnam?
Vietnam is a leading exporter of
rice, coffee, rubber, pepper and cashews
. In more recent years, aquaculture and fruit production have also increased and become more export-oriented. Coffee production is expected to increase 8.3 per cent from 2017 to 2021, sugar production 23 per cent and milk production 62.4 per cent.
What is Vietnam’s main import?
Vietnam main imports are
computers, electrical products and parts
(18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).
What is Vietnam’s biggest industry?
Main Sectors of Industry
Vietnam’s economy is based on large state-owned industries such as
textiles, food, furniture, plastics and paper as well as tourism and telecommunications
. Agriculture represented 14.8% of GDP and employs 38% of the total workforce in 2021 (World Bank, 2022).
Which country does Vietnam export to?
| Market Trade (US$ Mil) Partner share(%) | United States 61,404 23.21 | China 41,434 15.66 | Japan 20,427 7.72 | Korea, Rep. 19,729 7.46 |
|---|
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.
Can Vietnam replace China as a manufacturing hub?
With increasing foreign direct investment (FDI) flows into its manufacturing sector,
Vietnam stands a great chance of leaping ahead and replace China as the new production center
, experts have said.
How long did China rule Vietnam?
In 111 B.C., the northern part of Vietnam was incorporated into the expanding Han Empire. China dominated Vietnam for over 1,000 years (
111 B.C. to A.D. 938
) but were never able to assimilate the Vietnamese and endured frequent Vietnamese rebellions. After A.D. 938, China invaded Vietnam periodically.
Are Vietnam and China enemies?
Cross border raids and skirmishes ensued, in which China and Vietnam fought a prolonged border war from 1979 to 1990. Both sides have since worked to improve their diplomatic and economic ties, although
the two countries remain in dispute over political and territorial issues in the South China Sea (or East Sea)
.
Why do China and Vietnam hate each other?
China and Vietnam are continuing to clash
over a maritime sovereignty dispute
despite diplomacy and calm being displayed by other claimants to the same sea. The Communist neighbors talk regularly about their differences party-to-party as well as through diplomatic channels.
