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The agreement, which includes significant commitments on tariff reductions, investor protection, and trade facilitation will have a tremendous impact on exporting firms, foreign investors, and consumers in Vietnam. The shrimp exports in 2020 are expected to reach $3.78 billion, up 12.4% from last year. Timeseries: 177 million. But Vietnam has become such a key part of China’s supply chain that it is now the world’s fifth biggest market for Chinese exports. In the first 11 months of 2020, Vietnam's total export and import turnover reached USD 489.88 billion, up 3.6% over the same period last year. In 2019, statistics from the MoIT showed that Vietnam exported 6.37 million tons of rice, worth US$2.8 billion, up 4.2% in volume and down 8.3% in value. Three key drivers of growth for Vietnam economy in 2020: investment, export and domestic consumption However, it shows that V shape recovery is possible when COVID 19 is contained early. During the full year, the country earned US$1.43bn from exporting 38.4Mt of such products, up 3.2 per cent and 13.7 per cent YoY, respectively. However, we can expect to see more drastic impacts in Q2 and Q3, as these Q1 figures do not yet Additional statistics indicate that bilateral trade with the U.S. will surge to US$57 billion by 2020, cementing Vietnam’s prominence as a valuable hub for foreign investment . Top export destinations of commodities from Vietnam in 2019: USA with a share of 23% (61 billion US$) China with a share of 15.6% (41 billion US$) Japan with a share of 7.71% (20 billion US$) Korea with a share of 7.45% (19.7 billion US$) Hong Kong with a share of 2.7% (7.16 billion US$) Log In. Merchandise Trade statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. July 7, 2020 September 17, 2020 (Updated on 07/07/2020) On May 25, 2020, the Government issued Decree No. Q2 2020 Vietnam economy grew by 0.36% year on year (H1 expansion of 1.81% year on year). These Q1 results reveal the rather limited impacts of the COVID -19 outbreak on these key sectors. According to the General Department of Vietnam Customs, major exporting items included crude oil and different types of ore. Exports in the first 6 months decreased 7% from the previous year to 11.9 million bags. 04/08/2020. This was unexpected given the COVID 19 lockdown. Trade Data. In 2020, when COVID-19 first struck, trade between Vietnam and the Americas stood at 111.5 billion USD, up 16 percent against 2019. Annual International Trade Statistics by Country (HS02) Publication date: 2021-04-05. Reporting period: 2002 - 2020. Absolute taxes, mixed taxes, and import duties outside the tariff … UPDATE FILE FOR VIETNAM’S IMPORT-EXPORT TARIFF IN 2020. Additionally, in June 2020, Vietnam has ratified the EVFTAs, which will bring huge opportunities for Vietnamese trade with the EU. August 2020 ist das gemeinsame Freihandelsabkommen zwischen der Europäischen Union (EU) und Vietnam in Kraft getreten. Top Exports Export Value (2017) Phones: US $45.1 billion: Textiles: US $25.9 billion: Electronic goods/Computers: US $25.9 billion: Footwear: US $14.6 billion: Machinery: US $12.8 billion . In 2020, the estimated value of footwear exports from Vietnam was 16.55 billion U.S. dollars. The export price of five percent broken rice increased to US$500 per tonne, the highest level since December 2011, while prices of other rice varieties, such as ST20 and Jasmine, ranged from US$600-1,000 per tonne. By comparison, the value of exports from the domestic sector was around 78 billion U.S. dollars, and the total imports of this sector amounted to 93.6 billion U.S. dollars. Nachfolgend finden Sie Informationen zu den wichtigsten Änderungen bei den Präferenzen und Zöllen sowie zu den … Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction. Vietnam exported over 3.6Mt of cement and clinker worth US$135m in December 2020, up 15.3 per cent MoM in volume and 10.8 per cent YoY in value, according to the General Department of Customs. Bao Viet Securities reported that after 11 months, Vietnam had a trade surplus of $20.15 billion in 2020, almost doubling the surplus of $10.76 billion over the same period last year, a record high. Vietnam could export around 6.5 – 6.7 million tons of rice in 2020 without any significant impact on the country’s food security. Vietnam’s exports up slightly in first seven months of 2020. OK. Commodity. Sign Up. Green coffee exports in 2019-2020 will be reduced to 23.5 million bags; because Vietnam’s robusta becomes less competitive. Vietnam’s exports to U.S surge 50% in first four months of 2021 World Vision provides livelihood support for poor households Over 26,000 poor and near-poor people affected by natural disasters supported for stabilization Vietnam, US join hands in resolving war legacy Vietnamese Buddhists in Korea encourage Covid-19 prevention forces at southwest border Vietnam’s textile and garment industry witnessed a fall in exports in the first four months of this year due to production-related difficulties arising out of the COVID-19 pandemic. VIETNAM’S EXPORTS 2020 INFOGRAPHIC rsm.global/vietnam TOTAL VALUE AMERICA $90.17 22.1% EUROPE $44.71 5.4% AFRICA $3.06 1.9% OCEANIA $4.47 1% ASIA $140.25 3.4% TOTAL VALUE $282.65 7% Unit: billion Compared to 2019 US $76.4 24.5% CHINA $48.5 17.1% EU $34.8 2.7% ASEAN $23.1 8.7% JAPAN $19.2 5.7% Heavy industry and mineral resources Light and cottage … Export of roasted and instant coffee The import and export in Vietnam have also had positive signs as foreign businesses shift their operation to the country. In the first seven months of 2020, US exports to Vietnam reached US$5.83 billion; major exporting products include cotton, computer chips, civilian aircraft and parts, cell phones and related equipment, and oil. Vietnam exported goods worth a total US$145.8 billion in the first seven months of 2020, up by a slight 0.2% compared with the same period in 2019, according to the General Statistics Office. overall export levels to its key export destinations. Exports in Vietnam decreased to USD 25.5 billion in April from 29.65 USD Billion in March of 2021. The Vietnam Food Association (VFA) estimated that Vietnam's rice exports in 2020 exceeded US$3 billion, more than 10 percent higher compared with 2019. Das Abkommen ist insbesondere für deutsche Unternehmen interessant, da allein 33 Prozent aller EU-Exporte nach Vietnam aus Deutschland kommen. 57/2020 / ND-CP amending Decree 122/2016 / ND-CP on the Export Tariff Schedule, Preferential Import Tariff, List of Goods and Levels. If in the previous years, processed and canned tuna was the main export product group of Vietnam to this market, this year Japan tended to increase imports of fresh, frozen tuna - the increase is up to 91% over the same period in 2020. VFA Vice President Do … Time period. Vietnam - Imports and Exports - World - Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes - ... Queries. Vietnam's exports 2019 by country . This article provides you with essential information about export in Vietnam. Vietnam's exports from phones and components reached USD 36.7 billion in the first nine months of this year, posting a year-on-year decline of 5.5% and accounting for 18.1% of Vietnam's total export revenue. Source:UN Comtrade. 2. Except for textiles, Vietnam’s exports have in fact increased in Q1 2020, as compared to Q1 2019. Vietnam GDP growth in 2020 is set to reach 2.5%, thanks to strong growth in public investment and exports that offset declines in foreign investment and domestic consumption, according to economist Nguyen Xuan Thanh, a lecturer from Fulbright University of Vietnam. For 2020-2021, green coffee export is expected to increase slightly to 24 million bags. According to the Ministry of Industry and Trade, the electronics manufacturing industry in Vietnam could be hit hard in the next quarters of 2020 due to complicated developments of the epidemic, thus consumption demand for electronic products in the US and Europe, Vietnam’s main export … It is expected that the agreement will be ratified by the Vietnam government by May 2020 and will consequently enter into force. Exports in Vietnam averaged 8.08 USD Billion from 1990 until 2021, reaching an all time high of 28.60 USD Billion in March of 2021 and a record low of 0.54 USD Billion in February of 1997. Die Statistik zeigt den Wert des Exports von Gütern aus Vietnam von 2009 bis 2019. In the first 11 months, 2020, China shipped $101.1 billion of goods to Vietnam, up 15.1% from the same period in 2019. In 2020, shrimp exports exceeded US$3.85 billion. It is predicted that Vietnam’s shrimp exports will continue to show a growth trend in 2021, with exports reaching 4.4 billion U.S. dollars, an increase of 15%over 2020. Of this, Vietnam’s exports were worth 89.7 billion USD, accounting for 31.7 percent of its total and representing an annual growth rate of 21.7 percent. In 2020, the foreign direct investment (FDI) sector in Vietnam exported over 203 billion U.S. dollars in goods value and imported approximately 169 billion U.S. dollars of goods. Im Jahr 2019 wurden Waren im Wert von geschätzt rund 264,3 Milliarden US-Dollar aus Vietnam exportiert. The US$300-billion export target set in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. This year, the structure of Vietnam's tuna exports to Japan has also changed. 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