Vietnam’s Import-Export Turnover Tops US$49.3 Billion in February
Vietnam’s import and export data for February has been released by Vietnam Customs. Here’s how Vietnam is tracking in terms of trade in 2023 so far.
Vietnam’s two-way trade in February was up almost US$3 billion over January despite February being a slightly shorter month.
All-in-all Vietnam clocked-up over US$46 billion in two-way trade for the month with foreign direct invested enterprises accounting for a little over two-thirds.
So, in February, what did Vietnam export and to where, and what did it import and from where?
Vietnam’s total imports and exports
Description | February (US$) | January (US$) | Year to date | Change (US$) | Change (%) |
Imports |
23,253,166,988 |
22,954,892,887 |
46,208,059,875 |
298,274,101 |
1.30 |
Exports |
26,051,802,663 |
23,610,989,174 |
49,662,791,837 |
2,440,813,489 |
10.34 |
Total |
49,304,969,651 |
46,565,882,061 |
95,870,851,712 |
2,739,087,590 |
5.88 |
Imports and exports of foreign direct invested enterprises
Description | February (US$) | January (US$) | Year to date | Change (US$) | Change (%) |
Imports |
15,327,554,489 |
15,529,779,203 |
30,857,333,692 |
-202,224,714 |
-1.30 |
Exports |
19,394,131,790 |
17,970,237,911 |
37,364,369,701 |
1,423,893,879 |
7.92 |
Total |
34,721,686,279 |
33,500,017,114 |
68,221,703,393 |
1,221,669,165 |
3.65 |
What were Vietnam’s main imports?
In February, Vietnam’s top three imports were: computers, electronic products, spare parts and components; machinery, equipment, tools, and instruments; and other products. These three imports set Vietnam back a collective US$10.2 billion. This was slightly down on January’s figure of US$10.5 billion for the same three export categories.
Vietnam imports February 2023, by value
Description | February | January | Change (US$) | Change (%) | Year To Date |
Computers, electrical products, spare-parts and components thereof |
5,947,192,606 |
6,562,619,439 |
-615,426,833 |
-9.38 |
12,509,812,045 |
Machine, equipment, tools and instruments |
2,876,842,398 |
2,739,303,788 |
137,538,610 |
5.02 |
5,616,146,186 |
Other products |
1,413,256,619 |
1,224,010,304 |
189,246,315 |
15.46 |
2,637,266,923 |
Plastics |
783,468,075 |
588,061,603 |
195,406,472 |
33.23 |
1,371,529,678 |
Fabrics |
776,111,773 |
936,043,314 |
-159,931,541 |
-17.09 |
1,712,155,087 |
Petroleum products |
732,398,962 |
911,434,527 |
-179,035,565 |
-19.64 |
1,643,833,489 |
Iron and steel |
673,073,091 |
525,840,231 |
147,232,860 |
28.00 |
1,198,913,322 |
Other base metals |
603,115,542 |
556,275,522 |
46,840,020 |
8.42 |
1,159,391,064 |
Chemicals |
581,013,024 |
478,290,706 |
102,722,318 |
21.48 |
1,059,303,730 |
Chemical products |
568,227,444 |
501,261,524 |
66,965,920 |
13.36 |
1,069,488,968 |
Crude oil |
560,489,080 |
677,319,598 |
-116,830,518 |
-17.25 |
1,237,808,678 |
Coal |
536,186,364 |
272,157,145 |
264,029,219 |
97.01 |
808,343,509 |
Telephones, mobile phones and parts thereof |
525,382,889 |
793,855,750 |
-268,472,861 |
-33.82 |
1,319,238,639 |
Plastic products |
506,481,719 |
515,879,959 |
-9,398,240 |
-1.82 |
1,022,361,678 |
Textile, leather and foot-wear materials and auxiliaries |
421,398,448 |
377,390,876 |
44,007,572 |
11.66 |
798,789,324 |
Animal fodders and animal fodder materials |
367,934,702 |
377,266,496 |
-9,331,794 |
-2.47 |
745,201,198 |
Iron and steel products |
337,373,045 |
384,320,364 |
-46,947,319 |
-12.22 |
721,693,409 |
Parts and accessories of motor vehicles |
326,067,034 |
305,121,636 |
20,945,398 |
6.86 |
631,188,670 |
Pharmaceutical products |
270,479,162 |
242,180,046 |
28,299,116 |
11.69 |
512,659,208 |
Motor vehicles |
259,831,283 |
314,502,938 |
-54,671,655 |
-17.38 |
574,334,221 |
Cashew nut |
233,982,095 |
129,758,684 |
104,223,411 |
80.32 |
363,740,779 |
Fishery products |
231,197,228 |
188,521,794 |
42,675,434 |
22.64 |
419,719,022 |
Maize (corn) |
215,568,362 |
269,354,273 |
-53,785,911 |
-19.97 |
484,922,635 |
Ferrous waste and scrap |
185,557,307 |
82,275,589 |
103,281,718 |
125.53 |
267,832,896 |
Cotton |
182,549,512 |
175,146,393 |
7,403,119 |
4.23 |
357,695,905 |
Electric consumer products and parts thereof |
169,698,600 |
96,209,410 |
73,489,190 |
76.38 |
265,908,010 |
Insulated wires and cables |
169,696,570 |
161,380,234 |
8,316,336 |
5.15 |
331,076,804 |
Soya beans |
167,166,777 |
46,154,956 |
121,011,821 |
262.19 |
213,321,733 |
Rubber |
160,224,407 |
167,303,210 |
-7,078,803 |
-4.23 |
327,527,617 |
Yarn |
159,178,273 |
135,990,655 |
23,187,618 |
17.05 |
295,168,928 |
Paper |
158,216,256 |
118,248,459 |
39,967,797 |
33.80 |
276,464,715 |
Wood and wooden products |
150,419,583 |
120,488,786 |
29,930,797 |
24.84 |
270,908,369 |
Still image, video cameras and parts thereof |
150,343,785 |
201,741,200 |
-51,397,415 |
-25.48 |
352,084,985 |
Other base metal products |
148,429,808 |
155,603,717 |
-7,173,909 |
-4.61 |
304,033,525 |
Wheats |
142,797,043 |
86,552,811 |
56,244,232 |
64.98 |
229,349,854 |
Ores and other minerals product |
131,529,395 |
188,759,585 |
-57,230,190 |
-30.32 |
320,288,980 |
Fruits and vegetables |
124,150,473 |
149,105,266 |
-24,954,793 |
-16.74 |
273,255,739 |
Glass and glassware |
115,804,839 |
117,179,005 |
-1,374,166 |
-1.17 |
232,983,844 |
Precious stones, precious metal and articles thereof |
114,824,210 |
46,818,173 |
68,006,037 |
145.26 |
161,642,383 |
Liquefied petroleum gases (LPG) |
106,043,316 |
177,598,806 |
-71,555,490 |
-40.29 |
283,642,122 |
Milk and milk products |
105,586,654 |
88,961,629 |
16,625,025 |
18.69 |
194,548,283 |
Essential oils and resinoids; perfumery, cosmetic or toilet preparations |
99,168,410 |
66,874,869 |
32,293,541 |
48.29 |
166,043,279 |
Other edible food preparations |
98,752,679 |
82,566,577 |
16,186,102 |
19.60 |
181,319,256 |
Other petroleum products |
92,771,925 |
109,254,447 |
-16,482,522 |
-15.09 |
202,026,372 |
Animal, vegetable fats and oils |
91,626,024 |
68,104,854 |
23,521,170 |
34.54 |
159,730,878 |
Other means of transportation, parts and accessories thereof |
87,234,748 |
115,114,551 |
-27,879,803 |
-24.22 |
202,349,299 |
Fertilizers |
67,518,055 |
57,057,382 |
10,460,673 |
18.33 |
124,575,437 |
Insecticides, rodenticides and materials |
65,663,494 |
42,865,169 |
22,798,325 |
53.19 |
108,528,663 |
Rubber products |
63,209,081 |
63,245,311 |
-36,230 |
-0.06 |
126,454,392 |
Paper products |
62,395,607 |
51,555,560 |
10,840,047 |
21.03 |
113,951,167 |
Motorcycles and parts, accessories thereof |
57,365,591 |
52,373,909 |
4,991,682 |
9.53 |
109,739,500 |
Pastrycooks, sweets and cereal products |
39,913,359 |
27,434,220 |
12,479,139 |
45.49 |
67,347,579 |
Pharmaceutical materials |
34,408,685 |
30,160,494 |
4,248,191 |
14.09 |
64,569,179 |
Tobacco materials |
3,851,577 |
1,997,143 |
1,854,434 |
92.85 |
5,848,720 |
TOTAL VALUE |
23,253,166,988 |
22,954,892,887 |
298,274,101 |
1.30 |
46,208,059,875 |
Imports of FDI Companies |
15,327,554,489 |
15,529,779,203 |
-202,224,714 |
-1.30 |
30,857,333,692 |
Source: Vietnam Customs Import Data
What were Vietnam’s main exports?
Similar to January, in February Vietnam’s top three exports were: telephones, mobile phones and parts thereof; computers, electrical products, spare-parts and components thereof; and machine, equipment, tools and instruments. These accounted for US$11.5 billion worth of exports for Vietnam.
Vietnam’s exports February 2023, by value
Description | February (US$) | January (US$) | Change (US$) | Change (%) | Year to date |
Telephones, mobile phones and parts thereof | 4,196,030,646 | 5,020,698,232 | -824,667,586 | -16.43 | 9,216,728,878 |
Computers, electrical products, spare-parts and components thereof | 3,937,607,059 | 3,172,033,164 | 765,573,895 | 24.14 | 7,109,640,223 |
Machine, equipment, tools and instruments | 3,387,424,730 | 2,900,597,029 | 486,827,701 | 16.78 | 6,288,021,759 |
Textiles and garments | 2,294,142,128 | 2,250,526,485 | 43,615,643 | 1.94 | 4,544,668,613 |
Footwear | 1,393,841,477 | 1,367,731,663 | 26,109,814 | 1.91 | 2,761,573,140 |
Other products | 1,288,247,888 | 988,710,088 | 299,537,800 | 30.30 | 2,276,957,976 |
Other means of transportation, parts and accessories thereof | 1,068,242,421 | 852,779,613 | 215,462,808 | 25.27 | 1,921,022,034 |
Wood and wooden products | 880,203,423 | 806,029,437 | 74,173,986 | 9.20 | 1,686,232,860 |
Fishery products | 610,076,304 | 457,211,746 | 152,864,558 | 33.43 | 1,067,288,050 |
Iron and steel | 602,256,964 | 456,985,917 | 145,271,047 | 31.79 | 1,059,242,881 |
Coffee | 434,909,631 | 310,439,892 | 124,469,739 | 40.09 | 745,349,523 |
Plastic products | 368,385,447 | 312,856,372 | 55,529,075 | 17.75 | 681,241,819 |
Still image, video cameras and sparts thereof | 359,915,328 | 474,016,558 | -114,101,230 | -24.07 | 833,931,886 |
Other base metals and other base metal products | 347,048,982 | 275,641,785 | 71,407,197 | 25.91 | 622,690,767 |
Yarn | 338,996,908 | 225,524,928 | 113,471,980 | 50.31 | 564,521,836 |
Fruits and vegetables | 323,791,987 | 242,030,374 | 81,761,613 | 33.78 | 565,822,361 |
Iron and steel products | 323,372,894 | 313,777,304 | 9,595,590 | 3.06 | 637,150,198 |
Toys and sports requisites; parts and accessories thereof | 289,659,113 | 270,734,101 | 18,925,012 | 6.99 | 560,393,214 |
Rice | 286,171,403 | 186,599,109 | 99,572,294 | 53.36 | 472,770,512 |
Insulated wires and cables | 248,446,308 | 250,967,269 | -2,520,961 | -1.00 | 499,413,577 |
Handbags, purses, suit-cases, headgear and umbrellas | 247,714,677 | 260,500,119 | -12,785,442 | -4.91 | 508,214,796 |
Chemical products | 205,255,678 | 148,305,298 | 56,950,380 | 38.40 | 353,560,976 |
Cashew nut | 197,702,724 | 155,806,407 | 41,896,317 | 26.89 | 353,509,131 |
Chemicals | 190,072,027 | 175,135,562 | 14,936,465 | 8.53 | 365,207,589 |
Furnitures of other materials, other than of wood | 189,483,199 | 148,717,648 | 40,765,551 | 27.41 | 338,200,847 |
Rubber | 185,003,356 | 182,582,277 | 2,421,079 | 1.33 | 367,585,633 |
Plastics | 184,886,857 | 140,077,691 | 44,809,166 | 31.99 | 324,964,548 |
Manioc and manioc products | 176,120,259 | 92,701,559 | 83,418,700 | 89.99 | 268,821,818 |
Crude oil | 171,820,943 | 149,872,217 | 21,948,726 | 14.64 | 321,693,160 |
Paper and paper products | 166,309,077 | 128,878,598 | 37,430,479 | 29.04 | 295,187,675 |
Textile, leather and foot-wear materials and auxiliaries | 164,047,901 | 121,150,424 | 42,897,477 | 35.41 | 285,198,325 |
Petroleum products | 144,832,690 | 136,973,949 | 7,858,741 | 5.74 | 281,806,639 |
Clinker and cement | 130,041,624 | 81,561,972 | 48,479,652 | 59.44 | 211,603,596 |
Rubber products | 85,768,505 | 58,231,207 | 27,537,298 | 47.29 | 143,999,712 |
Pepper | 84,188,099 | 43,206,012 | 40,982,087 | 94.85 | 127,394,111 |
Precious stones, precious metal and articles thereof | 81,847,232 | 50,720,973 | 31,126,259 | 61.37 | 132,568,205 |
Animal fodders and animal fodder materials | 79,348,502 | 50,055,397 | 29,293,105 | 58.52 | 129,403,899 |
Pastrycooks, sweets and cereals products | 73,553,121 | 55,548,931 | 18,004,190 | 32.41 | 129,102,052 |
Glass and glassware | 69,055,962 | 58,230,500 | 10,825,462 | 18.59 | 127,286,462 |
Fertilizers | 65,041,050 | 63,910,737 | 1,130,313 | 1.77 | 128,951,787 |
Tyre cord fabrics and other fabrics for technical uses | 57,178,625 | 57,759,389 | -580,764 | -1.01 | 114,938,014 |
Bamboo and rattan products | 56,657,848 | 45,756,979 | 10,900,869 | 23.82 | 102,414,827 |
Ceramic products | 46,190,912 | 41,220,062 | 4,970,850 | 12.06 | 87,410,974 |
Tea | 11,257,054 | 11,368,196 | -111,142 | -0.98 | 22,625,250 |
Ores and other minerals product | 9,382,408 | 16,494,627 | -7,112,219 | -43.12 | 25,877,035 |
Coal | 271,292 | 331,377 | -60,085 | -18.13 | 602,669 |
Total | 26,051,802,663 | 23,610,989,174 | 2,440,813,489 | 10.34 | 49,662,791,837 |
Exports of FDI Companies | 19,394,131,790 | 17,970,237,911 | 1,423,893,879 | 7.92 | 37,364,369,701 |
Source: Vietnam Customs Export Data
Where did Vietnam’s imports come from?
Vietnam imported goods from all over the world in February. Its three biggest sources of imports were China, the Republic of Korea, and Japan covering US$12.4 billion worth of imports.
Vietnam’s imports by source country, value
February (US$) | January (US$) | Change (US$) | Change (%) | Year to date | |
China | 6,704,144,662 | 7,222,641,146 | -518,496,484 | -7.18 | 13,926,785,808 |
Republic of Korea | 3,821,780,084 | 3,902,214,670 | -80,434,586 | -2.06 | 7,723,994,754 |
Japan | 1,867,349,594 | 1,675,746,881 | 191,602,713 | 11.43 | 3,543,096,475 |
Taiwan | 1,476,513,131 | 1,469,616,642 | 6,896,489 | 0.47 | 2,946,129,773 |
Thailand | 1,019,028,207 | 766,089,522 | 252,938,685 | 33.02 | 1,785,117,729 |
United States of America | 946,660,507 | 925,043,226 | 21,617,281 | 2.34 | 1,871,703,733 |
Australia | 676,185,067 | 506,678,096 | 169,506,971 | 33.45 | 1,182,863,163 |
Indonesia | 635,647,127 | 571,469,367 | 64,177,760 | 11.23 | 1,207,116,494 |
India | 567,586,382 | 419,557,801 | 148,028,581 | 35.28 | 987,144,183 |
Malaysia | 563,718,472 | 676,110,519 | -112,392,047 | -16.62 | 1,239,828,991 |
Kuwait | 513,666,124 | 499,999,311 | 13,666,813 | 2.73 | 1,013,665,435 |
Cambodia | 443,228,982 | 295,347,702 | 147,881,280 | 50.07 | 738,576,684 |
Singapore | 413,789,720 | 398,814,780 | 14,974,940 | 3.75 | 812,604,500 |
Brazil | 357,121,732 | 363,556,951 | -6,435,219 | -1.77 | 720,678,683 |
Germany | 235,842,578 | 217,879,683 | 17,962,895 | 8.24 | 453,722,261 |
HongKong | 205,690,981 | 201,969,222 | 3,721,759 | 1.84 | 407,660,203 |
Philippines | 175,547,149 | 207,928,978 | -32,381,829 | -15.57 | 383,476,127 |
Argentina | 164,666,577 | 241,457,745 | -76,791,168 | -31.80 | 406,124,322 |
Ireland | 149,487,447 | 208,652,865 | -59,165,418 | -28.36 | 358,140,312 |
Italy | 140,236,841 | 124,422,656 | 15,814,185 | 12.71 | 264,659,497 |
France | 131,133,720 | 111,468,222 | 19,665,498 | 17.64 | 242,601,942 |
Saudi Arabia | 115,284,325 | 149,257,159 | -33,972,834 | -22.76 | 264,541,484 |
Russian Federation | 104,606,731 | 92,514,804 | 12,091,927 | 13.07 | 197,121,535 |
Israel | 102,973,284 | 155,985,234 | -53,011,950 | -33.99 | 258,958,518 |
Laos | 99,795,415 | 71,264,442 | 28,530,973 | 40.04 | 171,059,857 |
New Zealand | 68,397,932 | 58,667,248 | 9,730,684 | 16.59 | 127,065,180 |
United Kingdom | 66,281,347 | 44,096,181 | 22,185,166 | 50.31 | 110,377,528 |
United Arab Emirates | 57,383,209 | 86,272,344 | -28,889,135 | -33.49 | 143,655,553 |
Belgium | 56,407,342 | 34,274,347 | 22,132,995 | 64.58 | 90,681,689 |
Mexico | 50,806,387 | 60,124,963 | -9,318,576 | -15.50 | 110,931,350 |
Hungary | 50,775,625 | 56,331,361 | -5,555,736 | -9.86 | 107,106,986 |
Spain | 50,000,525 | 45,994,760 | 4,005,765 | 8.71 | 95,995,285 |
Canada | 47,946,482 | 36,061,184 | 11,885,298 | 32.96 | 84,007,666 |
Tanzania | 47,168,923 | 70,943,841 | -23,774,918 | -33.51 | 118,112,764 |
Netherlands | 45,878,004 | 47,609,489 | -1,731,485 | -3.64 | 93,487,493 |
Chile | 39,220,795 | 42,296,139 | -3,075,344 | -7.27 | 81,516,934 |
Norway | 34,215,275 | 27,117,642 | 7,097,633 | 26.17 | 61,332,917 |
Poland | 27,724,308 | 31,145,671 | -3,421,363 | -10.99 | 58,869,979 |
Austria | 25,419,208 | 26,860,073 | -1,440,865 | -5.36 | 52,279,281 |
Turkey | 24,079,684 | 27,260,333 | -3,180,649 | -11.67 | 51,340,017 |
Sweden | 23,209,359 | 21,287,010 | 1,922,349 | 9.03 | 44,496,369 |
Cameroon | 19,599,126 | 14,043,949 | 5,555,177 | 39.56 | 33,643,075 |
Myanmar | 18,652,693 | 24,182,795 | -5,530,102 | -22.87 | 42,835,488 |
Brunei Darussalam | 16,735,681 | 10,646,204 | 6,089,477 | 57.20 | 27,381,885 |
Ivory Coast | 14,628,394 | 28,001,013 | -13,372,619 | -47.76 | 42,629,407 |
Pakistan | 12,919,495 | 16,016,403 | -3,096,908 | -19.34 | 28,935,898 |
Denmark | 12,910,668 | 20,753,167 | -7,842,499 | -37.79 | 33,663,835 |
Congo | 12,446,816 | 63,805,787 | -51,358,971 | -80.49 | 76,252,603 |
South Africa | 12,196,670 | 5,953,924 | 6,242,746 | 104.85 | 18,150,594 |
Czech Republic | 11,266,571 | 10,110,090 | 1,156,481 | 11.44 | 21,376,661 |
Bangladesh | 9,736,106 | 6,720,229 | 3,015,877 | 44.88 | 16,456,335 |
Qatar | 9,714,070 | 8,821,190 | 892,880 | 10.12 | 18,535,260 |
Peru | 8,682,789 | 4,142,489 | 4,540,300 | 109.60 | 12,825,278 |
Slovenia | 8,617,949 | 6,271,996 | 2,345,953 | 37.40 | 14,889,945 |
Finland | 8,045,983 | 8,584,397 | -538,414 | -6.27 | 16,630,380 |
Nigeria | 7,983,895 | 10,878,002 | -2,894,107 | -26.61 | 18,861,897 |
Slovakia | 7,874,983 | 4,360,469 | 3,514,514 | 80.60 | 12,235,452 |
Portugal | 6,886,508 | 4,246,764 | 2,639,744 | 62.16 | 11,133,272 |
Greece | 6,492,746 | 12,788,532 | -6,295,786 | -49.23 | 19,281,278 |
Romania | 6,287,239 | 5,635,705 | 651,534 | 11.56 | 11,922,944 |
Cyprus | 4,240,714 | 4,540,699 | -299,985 | -6.61 | 8,781,413 |
Bulgaria | 3,556,060 | 1,944,117 | 1,611,943 | 82.91 | 5,500,177 |
Lithuania | 3,108,960 | 1,394,366 | 1,714,594 | 122.97 | 4,503,326 |
Luxembourg | 3,009,502 | 2,979,927 | 29,575 | 0.99 | 5,989,429 |
Croatia | 2,662,935 | 2,747,946 | -85,011 | -3.09 | 5,410,881 |
Ukraine | 2,461,566 | 2,164,409 | 297,157 | 13.73 | 4,625,975 |
Estonia | 2,146,864 | 1,108,889 | 1,037,975 | 93.60 | 3,255,753 |
Ghana | 2,109,701 | 3,150,592 | -1,040,891 | -33.04 | 5,260,293 |
Latvia | 1,798,064 | 2,442,757 | -644,693 | -26.39 | 4,240,821 |
Malta | 1,523,895 | 3,070,243 | -1,546,348 | -50.37 | 4,594,138 |
Belarus | 1,416,053 | 758,891 | 657,162 | 86.60 | 2,174,944 |
Tunisia | 880,099 | 956,379 | -76,280 | -7.98 | 1,836,478 |
Kazakhstan | 0 | 468,398 | -468,398 | -100.00 | 468,398 |
Total |
22,587,192,039 |
22,485,720,928 |
101,471,111 |
0.45 |
45,072,912,967 |
Source: Vietnam Customs Imports By Country
Where did Vietnam’s exports go?
The bulk of Vietnam’s exports in February went to the United States. This is almost double its next biggest export market, China. It is also more than triple third place, the Republic of Korea.
Vietnam’s exports by recipient country, value
February | January | Change (US$) | Change (%) | Year to date | |
United States of America |
6,877,794,764 |
6,149,468,977 |
728,325,787 |
11.84 |
13,027,263,741 |
China |
3,550,550,978 |
3,844,446,623 |
-293,895,645 |
-7.64 |
7,394,997,601 |
Republic of Korea |
2,098,119,874 |
1,696,231,035 |
401,888,839 |
23.69 |
3,794,350,909 |
Japan |
1,815,528,393 |
1,539,109,658 |
276,418,735 |
17.96 |
3,354,638,051 |
Netherlands |
796,096,229 |
684,025,121 |
112,071,108 |
16.38 |
1,480,121,350 |
India |
731,560,917 |
601,531,385 |
130,029,532 |
21.62 |
1,333,092,302 |
Thailand |
654,249,368 |
531,611,749 |
122,637,619 |
23.07 |
1,185,861,117 |
Germany |
622,482,428 |
569,286,268 |
53,196,160 |
9.34 |
1,191,768,696 |
HongKong |
593,931,142 |
524,412,215 |
69,518,927 |
13.26 |
1,118,343,357 |
United Kingdom |
442,863,993 |
496,337,157 |
-53,473,164 |
-10.77 |
939,201,150 |
Malaysia |
441,701,703 |
267,289,684 |
174,412,019 |
65.25 |
708,991,387 |
Cambodia |
430,404,352 |
367,128,295 |
63,276,057 |
17.24 |
797,532,647 |
Philippines |
408,943,383 |
290,061,169 |
118,882,214 |
40.99 |
699,004,552 |
Canada |
405,121,268 |
322,429,301 |
82,691,967 |
25.65 |
727,550,569 |
Indonesia |
403,828,892 |
355,079,016 |
48,749,876 |
13.73 |
758,907,908 |
Taiwan |
393,440,865 |
234,676,985 |
158,763,880 |
67.65 |
628,117,850 |
Singapore |
387,174,076 |
290,493,575 |
96,680,501 |
33.28 |
677,667,651 |
Australia |
358,804,102 |
410,630,707 |
-51,826,605 |
-12.62 |
769,434,809 |
Italy |
340,041,752 |
354,863,351 |
-14,821,599 |
-4.18 |
694,905,103 |
Mexico |
299,793,800 |
275,457,852 |
24,335,948 |
8.83 |
575,251,652 |
United Arab Emirates |
294,801,791 |
310,056,500 |
-15,254,709 |
-4.92 |
604,858,291 |
France |
257,835,963 |
280,739,045 |
-22,903,082 |
-8.16 |
538,575,008 |
Spain |
244,127,676 |
249,150,321 |
-5,022,645 |
-2.02 |
493,277,997 |
Austria |
240,431,483 |
265,442,790 |
-25,011,307 |
-9.42 |
505,874,273 |
Belgium |
229,379,263 |
212,064,694 |
17,314,569 |
8.16 |
441,443,957 |
Brazil |
206,376,928 |
163,340,304 |
43,036,624 |
26.35 |
369,717,232 |
Poland |
169,290,644 |
128,862,604 |
40,428,040 |
31.37 |
298,153,248 |
Turkey |
149,338,170 |
150,485,867 |
-1,147,697 |
-0.76 |
299,824,037 |
Russian Federation |
106,068,921 |
99,359,762 |
6,709,159 |
6.75 |
205,428,683 |
Argentina |
96,864,686 |
111,570,397 |
-14,705,711 |
-13.18 |
208,435,083 |
Bangladesh |
91,776,102 |
65,182,927 |
26,593,175 |
40.80 |
156,959,029 |
Chile |
81,919,990 |
117,039,950 |
-35,119,960 |
-30.01 |
198,959,940 |
Myanmar |
78,956,224 |
24,739,650 |
54,216,574 |
219.15 |
103,695,874 |
Czech |
78,782,402 |
40,028,456 |
38,753,946 |
96.82 |
118,810,858 |
South Africa |
78,551,217 |
43,429,332 |
35,121,885 |
80.87 |
121,980,549 |
Sweden |
72,339,825 |
108,664,931 |
-36,325,106 |
-33.43 |
181,004,756 |
Saudi Arabia |
65,528,805 |
64,659,530 |
869,275 |
1.34 |
130,188,335 |
Slovakia |
65,157,698 |
54,214,930 |
10,942,768 |
20.18 |
119,372,628 |
Ireland |
59,524,437 |
73,711,354 |
-14,186,917 |
-19.25 |
133,235,791 |
Israel |
57,647,754 |
67,855,851 |
-10,208,097 |
-15.04 |
125,503,605 |
New Zealand |
51,709,375 |
58,906,413 |
-7,197,038 |
-12.22 |
110,615,788 |
Egypt |
45,739,069 |
32,320,336 |
13,418,733 |
41.52 |
78,059,405 |
Laos |
45,366,220 |
27,798,924 |
17,567,296 |
63.19 |
73,165,144 |
Pakistan |
41,693,707 |
24,676,571 |
17,017,136 |
68.96 |
66,370,278 |
Colombia |
41,093,409 |
56,331,316 |
-15,237,907 |
-27.05 |
97,424,725 |
Portugal |
38,675,160 |
41,443,330 |
-2,768,170 |
-6.68 |
80,118,490 |
Greece |
36,367,544 |
32,219,363 |
4,148,181 |
12.87 |
68,586,907 |
Algeria |
31,352,523 |
8,486,240 |
22,866,283 |
269.45 |
39,838,763 |
Peru |
29,968,439 |
33,731,937 |
-3,763,498 |
-11.16 |
63,700,376 |
Hungary |
29,802,858 |
26,571,043 |
3,231,815 |
12.16 |
56,373,901 |
Slovenia |
28,032,707 |
26,208,167 |
1,824,540 |
6.96 |
54,240,874 |
Denmark |
26,352,566 |
26,152,806 |
199,760 |
0.76 |
52,505,372 |
Norway |
25,686,342 |
9,075,038 |
16,611,304 |
183.04 |
34,761,380 |
Latvia |
22,368,995 |
31,602,988 |
-9,233,993 |
-29.22 |
53,971,983 |
Panama |
21,212,134 |
57,722,009 |
-36,509,875 |
-63.25 |
78,934,143 |
Finland |
20,055,517 |
32,838,703 |
-12,783,186 |
-38.93 |
52,894,220 |
Romania |
18,822,772 |
14,434,078 |
4,388,694 |
30.41 |
33,256,850 |
Togo |
18,168,844 |
13,861,516 |
4,307,328 |
31.07 |
32,030,360 |
Iraq |
15,816,166 |
18,275,258 |
-2,459,092 |
-13.46 |
34,091,424 |
Luxembourg |
13,536,753 |
10,728,246 |
2,808,507 |
26.18 |
24,264,999 |
Switzerland |
12,835,639 |
12,977,935 |
-142,296 |
-1.10 |
25,813,574 |
Sri Lanka |
11,949,678 |
13,544,005 |
-1,594,327 |
-11.77 |
25,493,683 |
Bulgaria |
9,493,764 |
5,716,039 |
3,777,725 |
66.09 |
15,209,803 |
Tanzania |
9,320,021 |
3,456,136 |
5,863,885 |
169.67 |
12,776,157 |
Kenya |
8,545,068 |
4,955,958 |
3,589,110 |
72.42 |
13,501,026 |
Nigeria |
7,526,551 |
7,404,023 |
122,528 |
1.65 |
14,930,574 |
Croatia |
7,028,744 |
12,742,917 |
-5,714,173 |
-44.84 |
19,771,661 |
Lithuania |
6,890,119 |
12,391,595 |
-5,501,476 |
-44.40 |
19,281,714 |
Kuwait |
6,814,564 |
2,854,911 |
3,959,653 |
138.70 |
9,669,475 |
Ghana |
5,774,047 |
3,761,986 |
2,012,061 |
53.48 |
9,536,033 |
Mozambique |
5,373,390 |
6,425,393 |
-1,052,003 |
-16.37 |
11,798,783 |
Cyprus |
4,865,164 |
2,845,852 |
2,019,312 |
70.96 |
7,711,016 |
Brunei Darussalam |
4,327,319 |
1,876,573 |
2,450,746 |
130.60 |
6,203,892 |
Ivory Coast |
3,607,207 |
17,324,751 |
-13,717,544 |
-79.18 |
20,931,958 |
Senegal |
3,157,834 |
2,095,501 |
1,062,333 |
50.70 |
5,253,335 |
Estonia |
2,371,671 |
1,880,899 |
490,772 |
26.09 |
4,252,570 |
Ukraine |
1,674,174 |
1,768,731 |
-94,557 |
-5.35 |
3,442,905 |
Angola |
1,416,028 |
992,639 |
423,389 |
42.65 |
2,408,667 |
Malta |
1,117,025 |
896,949 |
220,076 |
24.54 |
2,013,974 |
East Timor |
900,616 |
534,370 |
366,246 |
68.54 |
1,434,986 |
Total |
25,493,941,981 |
23,135,000,763 |
2,358,941,218 |
10.20 |
48,628,942,744 |
Source: Vietnam Customs Exports By Country
About Vietnam’s import and export data
Data in these tables was accessed via Vietnam’s customs portal March 16, 2023.
January 2023
Vietnam’s total import-export turnover in January was US$46.5 billion down from US$56.3 billion in December. This may have been partly due to the week-long Lunar New Year holiday. There may also be some carry-over from December in which manufacturing orders were down due to greater global challenges (See also: Vietnamese Garment Makers Hit Snag).
So, in January, what did Vietnam export and to where, and what did it import and from where?
Vietnam’s total imports and exports
Description | January (US$) | December (US$) | Change (US$) | Change (%) |
Imports | 22,954,892,887 | 27,292,323,798 | -4,337,430,911 | -15.89 |
Exports | 23,610,989,174 | 29,029,008,580 | -5,418,019,406 | -18.66 |
Total | 46,565,882,061 | 56,321,332,378 | -9,755,450,317 | -17.32 |
Imports and exports of foreign direct invested companies
Description | January (US$) | December (US$) | Change (US$) | Change (%) |
Imports | 15,529,779,203 | 17,104,114,379 | -1,574,335,176 | -9.20 |
Exports | 17,970,237,911 | 20,937,721,787 | -2,967,483,876 | -14.17 |
Total | 33,500,017,114 | 38,041,836,166 | -4,541,819,052 | -11.94 |
What were Vietnam’s main imports?
In January, Vietnam’s top three imports were: computers, electronic products, spare parts and components; machinery, equipment, tools, and instruments; and other products. These three imports set Vietnam back a collective US$10.5 billion. This was about a quarter of Vietnam’s exports by value.
See also: An Introduction to Vietnam’s Import and Export Industries
Vietnam imports January 2023, by value
Description | January (US$) | December (US$) | Change (US$) | Change (%) |
Computers, electrical products, spare-parts and components thereof |
6,562,619,439 |
5,786,146,937 |
776,472,502 |
13.42 |
Machine, equipment, tools and instruments |
2,739,303,788 |
3,537,739,224 |
-798,435,436 |
-22.57 |
Other products |
1,224,010,304 |
1,801,697,218 |
-577,686,914 |
-32.06 |
Fabrics |
936,043,314 |
1,030,259,151 |
-94,215,837 |
-9.14 |
Petroleum products |
911,434,527 |
822,671,657 |
88,762,870 |
10.79 |
Telephones, mobile phones and parts thereof |
793,855,750 |
1,411,708,661 |
-617,852,911 |
-43.77 |
Crude oil |
677,319,598 |
651,989,527 |
25,330,071 |
3.89 |
Plastics |
588,061,603 |
717,491,361 |
-129,429,758 |
-18.04 |
Other base metals |
556,275,522 |
668,210,462 |
-111,934,940 |
-16.75 |
Iron and steel |
525,840,231 |
810,823,455 |
-284,983,224 |
-35.15 |
Plastic products |
515,879,959 |
608,358,075 |
-92,478,116 |
-15.20 |
Chemical products |
501,261,524 |
658,739,642 |
-157,478,118 |
-23.91 |
Chemicals |
478,290,706 |
606,576,227 |
-128,285,521 |
-21.15 |
Iron and steel products |
384,320,364 |
432,412,392 |
-48,092,028 |
-11.12 |
Textile, leather and foot-wear materials and auxiliaries |
377,390,876 |
449,141,125 |
-71,750,249 |
-15.97 |
Animal fodders and animal fodder materials |
377,266,496 |
584,700,216 |
-207,433,720 |
-35.48 |
Motor vehicles |
314,502,938 |
431,552,408 |
-117,049,470 |
-27.12 |
Parts and accessories of motor vehicles |
305,121,636 |
497,714,480 |
-192,592,844 |
-38.70 |
Coal |
272,157,145 |
491,311,989 |
-219,154,844 |
-44.61 |
Maize (corn) |
269,354,273 |
386,198,076 |
-116,843,803 |
-30.25 |
Pharmaceutical products |
242,180,046 |
505,727,879 |
-263,547,833 |
-52.11 |
Still image, video cameras and parts thereof |
201,741,200 |
226,538,276 |
-24,797,076 |
-10.95 |
Ores and other minerals product |
188,759,585 |
99,690,217 |
89,069,368 |
89.35 |
Fishery products |
188,521,794 |
225,322,224 |
-36,800,430 |
-16.33 |
Liquefied petroleum gases (LPG) |
177,598,806 |
125,147,767 |
52,451,039 |
41.91 |
Cotton |
175,146,393 |
259,246,855 |
-84,100,462 |
-32.44 |
Rubber |
167,303,210 |
246,923,840 |
-79,620,630 |
-32.25 |
Insulated wires and cables |
161,380,234 |
209,291,778 |
-47,911,544 |
-22.89 |
Other base metal products |
155,603,717 |
158,240,008 |
-2,636,291 |
-1.67 |
Fruits and vegetables |
149,105,266 |
199,108,551 |
-50,003,285 |
-25.11 |
Yarn |
135,990,655 |
164,407,870 |
-28,417,215 |
-17.28 |
Cashew nut |
129,758,684 |
100,753,494 |
29,005,190 |
28.79 |
Wood and wooden products |
120,488,786 |
206,299,294 |
-85,810,508 |
-41.60 |
Paper |
118,248,459 |
158,332,741 |
-40,084,282 |
-25.32 |
Glass and glassware |
117,179,005 |
127,894,434 |
-10,715,429 |
-8.38 |
Other means of transportation, parts and accessories thereof |
115,114,551 |
88,912,571 |
26,201,980 |
29.47 |
Other petroleum products |
109,254,447 |
207,484,895 |
-98,230,448 |
-47.34 |
Electric consumer products and parts thereof |
96,209,410 |
157,882,767 |
-61,673,357 |
-39.06 |
Milk and milk products |
88,961,629 |
94,371,745 |
-5,410,116 |
-5.73 |
Wheats |
86,552,811 |
82,544,882 |
4,007,929 |
4.86 |
Other edible food preparations |
82,566,577 |
95,670,604 |
-13,104,027 |
-13.70 |
Ferrous waste and scrap |
82,275,589 |
78,050,095 |
4,225,494 |
5.41 |
Animal, vegetable fats and oils |
68,104,854 |
159,969,958 |
-91,865,104 |
-57.43 |
Essential oils and resinoids; perfumery, cosmetic or toilet preparations |
66,874,869 |
105,031,601 |
-38,156,732 |
-36.33 |
Rubber products |
63,245,311 |
84,195,787 |
-20,950,476 |
-24.88 |
Fertilizers |
57,057,382 |
155,138,347 |
-98,080,965 |
-63.22 |
Motorcycles and parts, accessories thereof |
52,373,909 |
64,587,801 |
-12,213,892 |
-18.91 |
Paper products |
51,555,560 |
69,013,296 |
-17,457,736 |
-25.30 |
Precious stones, precious metal and articles thereof |
46,818,173 |
85,777,235 |
-38,959,062 |
-45.42 |
Soya beans |
46,154,956 |
137,826,770 |
-91,671,814 |
-66.51 |
Insecticides, rodenticides and materials |
42,865,169 |
57,991,678 |
-15,126,509 |
-26.08 |
Pharmaceutical materials |
30,160,494 |
52,490,718 |
-22,330,224 |
-42.54 |
Pastrycooks, sweets and cereal products |
27,434,220 |
64,181,347 |
-36,747,127 |
-57.26 |
Tobacco materials |
1,997,143 |
52,834,190 |
-50,837,047 |
-96.22 |
TOTAL VALUE |
22,954,892,887 |
27,292,323,798 |
-4,337,430,911 |
-15.89 |
Imports of FDI Companies |
15,529,779,203 |
17,104,114,379 |
-1,574,335,176 |
-9.20 |
Source: General Department of Customs (Imports)
What were Vietnam’s main exports?
Vietnam’s top three exports were Telephones, mobile phones and parts thereof; Computers, electrical products, spare-parts and components thereof; and Machine, equipment, tools and instruments. These accounted for US$11.1 billion worth of exports for Vietnam.
See also: Import, Export, and Investment Incentives in Vietnam
Vietnam’s exports January 2023, by value
Description | January (US$) | December (US$) | Change (US$) | Change (%) |
Telephones, mobile phones and parts thereof |
5,020,698,232 |
3,104,425,627 |
1,916,272,605 |
61.73 |
Computers, electrical products, spare-parts and components thereof |
3,172,033,164 |
4,787,334,315 |
-1,615,301,151 |
-33.74 |
Machine, equipment, tools and instruments |
2,900,597,029 |
3,726,829,075 |
-826,232,046 |
-22.17 |
Textiles and garments |
2,250,526,485 |
2,900,961,055 |
-650,434,570 |
-22.42 |
Foot-wears |
1,367,731,663 |
1,851,668,469 |
-483,936,806 |
-26.14 |
Other products |
988,710,088 |
1,446,344,582 |
-457,634,494 |
-31.64 |
Other means of transportation, parts and accessories thereof |
852,779,613 |
1,119,109,080 |
-266,329,467 |
-23.80 |
Wood and wooden products |
806,029,437 |
1,309,407,281 |
-503,377,844 |
-38.44 |
Still image, video cameras and sparts thereof |
474,016,558 |
503,266,251 |
-29,249,693 |
-5.81 |
Fishery products |
457,211,746 |
754,511,193 |
-297,299,447 |
-39.40 |
Iron and steel |
456,985,917 |
584,031,081 |
-127,045,164 |
-21.75 |
Iron and steel products |
313,777,304 |
363,263,733 |
-49,486,429 |
-13.62 |
Plastic products |
312,856,372 |
454,423,718 |
-141,567,346 |
-31.15 |
Coffee |
310,439,892 |
425,164,539 |
-114,724,647 |
-26.98 |
Other base metals and other base metal products |
275,641,785 |
380,277,508 |
-104,635,723 |
-27.52 |
Toys and sports requisites; parts and accessories thereof |
270,734,101 |
402,849,569 |
-132,115,468 |
-32.80 |
Handbags, purses, suit-cases, headgear and umbrellas |
260,500,119 |
338,412,376 |
-77,912,257 |
-23.02 |
Insulated wires and cables |
250,967,269 |
292,215,217 |
-41,247,948 |
-14.12 |
Fruits and vegetables |
242,030,374 |
312,505,162 |
-70,474,788 |
-22.55 |
Yarn |
225,524,928 |
325,353,916 |
-99,828,988 |
-30.68 |
Rice |
186,599,109 |
220,260,396 |
-33,661,287 |
-15.28 |
Rubber |
182,582,277 |
365,210,505 |
-182,628,228 |
-50.01 |
Chemicals |
175,135,562 |
213,762,784 |
-38,627,222 |
-18.07 |
Cashew nut |
155,806,407 |
269,097,789 |
-113,291,382 |
-42.10 |
Crude oil |
149,872,217 |
237,811,374 |
-87,939,157 |
-36.98 |
Furnitures of other materials, other than of wood |
148,717,648 |
261,544,713 |
-112,827,065 |
-43.14 |
Chemical products |
148,305,298 |
220,046,161 |
-71,740,863 |
-32.60 |
Plastics |
140,077,691 |
198,657,261 |
-58,579,570 |
-29.49 |
Petroleum products |
136,973,949 |
242,371,147 |
-105,397,198 |
-43.49 |
Paper and paper products |
128,878,598 |
164,512,783 |
-35,634,185 |
-21.66 |
Textile, leather and foot-wear materials and auxiliaries |
121,150,424 |
172,361,502 |
-51,211,078 |
-29.71 |
Manioc and manioc products |
92,701,559 |
152,771,361 |
-60,069,802 |
-39.32 |
Clinker and cement |
81,561,972 |
124,437,430 |
-42,875,458 |
-34.46 |
Fertilizers |
63,910,737 |
65,030,074 |
-1,119,337 |
-1.72 |
Rubber products |
58,231,207 |
89,878,983 |
-31,647,776 |
-35.21 |
Glass and glassware |
58,230,500 |
54,227,863 |
4,002,637 |
7.38 |
Tyre cord fabrics and other fabrics for technical uses |
57,759,389 |
62,604,742 |
-4,845,353 |
-7.74 |
Pastrycooks, sweets and cereals products |
55,548,931 |
86,100,688 |
-30,551,757 |
-35.48 |
Precious stones, precious metal and articles thereof |
50,720,973 |
90,666,121 |
-39,945,148 |
-44.06 |
Animal fodders and animal fodder materials |
50,055,397 |
91,048,928 |
-40,993,531 |
-45.02 |
Bamboo and rattan products |
45,756,979 |
66,898,836 |
-21,141,857 |
-31.60 |
Pepper |
43,206,012 |
73,540,082 |
-30,334,070 |
-41.25 |
Ceramic products |
41,220,062 |
62,645,162 |
-21,425,100 |
-34.20 |
Ores and other minerals product |
16,494,627 |
23,368,461 |
-6,873,834 |
-29.42 |
Tea |
11,368,196 |
20,453,343 |
-9,085,147 |
-44.42 |
Coal |
331,377 |
17,346,344 |
-17,014,967 |
-98.09 |
Total |
23,610,989,174 |
29,029,008,580 |
-5,418,019,406 |
-18.66 |
Exports of FDI Companies |
17,970,237,911 |
20,937,721,787 |
-2,967,483,876 |
-14.17 |
Source: General Department of Customs (Exports)
Where did Vietnam’s imports come from?
Vietnam imported goods from all over the world in January. Asia was its biggest supplier with just over US$19 billion in goods imported. The lion’s share of those imports came from China followed by South Korea.
Market | Jan 2023 (US$b) | Compared to Jan 2022( %) | Proportion (%) |
Asia | 19.16 | -24.50 | 83.50 |
ASEAN | 3.2 | -14.20 | 13.20 |
China | 7.23 | -34.70 | 31.50 |
Korea | 3.91 | -24.70 | 17.00 |
Japan | 1.68 | -3.90 | 7.30 |
Americas | 1.70 | -12.00 | 7.40 |
United States | 0.92 | -13.60 | 4.00 |
Europe | 1.25 | -28.50 | 5.50 |
EU (27) | 1.02 | -18.60 | 4.40 |
Oceania | 0.57 | -28.60 | 2.50 |
Africa | 0.28 | -22.70 | 1.20 |
Total | 22.95 | -24.00 | 100.00 |
Where did Vietnam’s exports go?
The bulk of Vietnam’s exports were distributed within Asia (48 percent), however, the Americas were not far behind receiving US$7.4 billion worth of Vietnamese goods. By country, China was the biggest recipient of Vietnamese goods in January accounting for 16.4 percent.
Market | Jan 2023 (US$b) | Compared to Jan 2022 (%) | Proportion (%) |
Asia | 11.48 | -17.20 | 48.60 |
ASEAN | 2.17 | -21.90 | 9.20 |
China | 3.87 | -0.10 | 16.40 |
Korea | 1.69 | -16.20 | 7.20 |
Japan | 1.54 | -24.30 | 6.50 |
Americas | 7.40 | -36.60 | 31.30 |
United States | 6.15 | -38.90 | 26.1 |
Europe | 4.06 | -26.00 | 17.20 |
EU (27) | 3.28 | -25.30 | 13.90 |
Oceania | 0.48 | -4.50 | 2.00 |
Africa | 0.18 | -42.70 | 0.80 |
Total | 23.61 | -25.90 | 100.00 |
See also: A Guide to Import and Export Procedures in Vietnam
About Vietnam’s import and export data
Vietnam’s export and import data is released by the General Department of Customs monthly and provides data for the month before.
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Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at vietnam@dezshira.com or visit us at www.dezshira.com
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