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Vietnam's foreign trade has been growing fast since state controls were relaxed in the 1990s. The country imports machinery, refined petroleum, and steel; it exports crude oil, textiles and garments, and footwear. The balance of trade has in the past been positive but recent statistics (2004) showed that it was negative.
It may also help that The Trump Organization has recently partnered with a Vietnamese company to develop a $1.5 billion golf course and hotel project in Vietnam, a Vietnam-based foreign investor said.
Exports of goods and services (US$ million) by country [1] Country Exports Year Top goods export (2021) [2] [needs update] China: 3,711,248 2024 Broadcasting equipment United States: 3,011,824 2024 Petroleum Germany: 2,104,251 2024 Cars France: 1,074,781 2024 Packaged Medications Netherlands: 1,051,679 2024 Petroleum Japan: 949,983 2023 Cars India
The U.S. is now Vietnam's top export market and the U.S. State Department said in announcing Kritenbrink's visit that he would "reaffirm the United States’ support for a strong, independent ...
An estimated 86 percent of Vietnam’s export merchandise came from the manufacturing sector in 2022, compared to just 49 percent in 2002. These exports have increased in value too. In 2002, Vietnam exported goods and services to the tune of US$19.19 billion. In 2022, that number had climbed to US$384.22 billion. [2]
It includes information on the top exporting countries for various product categories and shows the market leaders in different export markets. The individual product categories are based on a bundling of products related in type or production method (Harmonized System).
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
Temu, owned by Chinese e-commerce giant PDD Holdings, started allowing shoppers from Vietnam in October, while fast fashion retailer Shein has been selling into Vietnam for at least two years.