TOP 10 PRODUCTS IMPORTED BY VIETNAM IN THE YEAR 2021
INTRODUCTORY FACTS
According to the global trading
pattern, Vietnam is considered one of the low-middle-income countries in the
world. The country is open to trade and welcomes collaborations from almost all
the nations in the world. This blog is going to focus on the import trends of
the nation with respect to the last 5 years (2017-2021). These insights derived
from the web are researched, formulated, and created by official authorities,
government bodies, and other related agencies and companies.
Due to the friendly nature of the
nation, the trade statistics are going up every year with a significant amount
of difference which clearly explains the point that why Vietnam is one of the
most rapidly growing and developing nations in the world. Although overseas
trade saw a decline during the pandemic time, after everything got normal, the
trade of Vietnam with international countries is boosting and crossing new
benchmarks. Some of the biggest import partners of Vietnam as mentioned in
Vietnam Import Data are China, Korea, Japan, Taipei, and the USA. We will
discuss the numbers and statistics in more detail in this blog later.
IMPORTS TO VIETNAM – INSIGHTFUL
TRENDS (2017-2021)
|
VIETNAM
IMPORTS (2017-21) |
||
|
YEAR |
IMPORTS
WORTH |
REMARKS |
|
2017 |
USD 213.21
billion |
+22.4% |
|
2018 |
USD 236.86
billion |
+11.26% |
|
2019 |
USD 253.44
billion |
+7.20% |
|
2020 |
USD 261.30
billion |
+3.11% |
|
2021 |
USD 330.75
billion |
+26.4% |
From the above Vietnam Trade Data table
of the past 5 years, we can clearly observe that imports of goods are rising
every year. After a slow increase in the year 2020 due to the pandemic, the
imports to Vietnam as per Vietnam Import Data 2021, shot up by 26% which
is the highest in 5 years.
TOP 10 IMPORTS TO VIETNAM – 2021
Based on Vietnam Import Data
for the year 2021, the top 10 items that are imported the most by Vietnam from
the world are as follows:
·
Electric machines and equipment (USD 118.14 billion)
·
Mechanical tools and appliances (USD 24.11 billion)
·
Plastic items (USD 19.98 billion)
·
Mineral fuels, oil, and other ground substances (USD 16.39
billion)
·
Iron & steel (USD 14.74 billion)
·
Optical and precision tools (USD 7.96 billion)
·
Light automotive (USD 7.44 billion)
·
Knitted fabrics (USD 6.62 billion)
·
Organic chemicals (USD 5.56 billion)
·
Cereals (USD 5.15 billion)
It has been observed from Vietnam
Import Data that Vietnam Imports electric machines the most, i.e., almost
35.7% of total imports from the world. This is then followed by imports of
mechanical machines and tools which contributed 7.2% of total imports in Turkey
in the year 2021.
TOP 10 IMPORT PARTNERS OF VIETNAM –
2021
Just like Vietnam Import Data
maintains the list of top imports to the nation, similarly, it also maintains a
list of the top 10 import partners, i.e., the countries from whom Vietnam
Imports the most. The list for the year 2021 is as follows:
·
China (USD 109.85 billion)
·
Korea (USD 56.11 billion)
·
Japan (USD 22.60 billion)
·
Taipei (USD 20.75 billion)
·
The United States (USD 15.17 billion)
·
Thailand (USD 12.55 billion)
·
Malaysia (USD 8.13 billion)
·
Australia (USD 7.94 billion)
·
India (USD 7.60 billion)
·
Kuwait (USD 6.94 billion)
China is the major source of imports
which accounts for almost 33% of total imports. This is followed by imports
from Korea which is 17% of total imports.
Other countries that are on this list
as per Vietnam Import Data 2021 are Cambodia, Ireland, and Singapore.
FINAL OPINION OF TRADEIMEX INFO
SOLUTION PVT. LTD.
In our view, the Vietnamese market is
the best market if any trader wants to expand his market and customer base. The
country is an idle spot to discover new opportunities and avenues as it is a
rapidly developing nation and new changes and amendments are coming every now
and then. We recommend every trader explore the Vietnamese market if not done
yet.
GENERAL ADVICE TO ALL OUR READERS
We truly want to know your thoughts
on this elaborative and descriptive analysis of the Vietnamese market with
regard to its Imports presented by us after high research and fact-checking
from Vietnam Export Data
2021 records. Also, if you are reading our blog for the first time, then we
recommend you visit our blog site and go through our blogs as per your
preference chart. Also, if you are interested in buying any of our products,
get in touch with us today.
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