Vietnam Imports-Exports Surged, $26.2 Billion Deficit In 2021

26 November 2021
Vietnam Trade Data

Vietnam trade values are improving this year as compared to the COVID-19’s period for global trade. The imports and exports of Vietnam accounted for 11,971 billion and $345.3 billion in 2020. Post-COVID, these values were $303 billion for imports and 329.2 billion for exports in 2021, as per available data till October 2021.


Vietnam is one of the ASEAN countries and among those countries that emerged as a really remarkable example for other countries who are struggling to improve their economical state. Vietnam historical import-export data is available through accessing our trade intelligence platform online. Grab your hands on the free demo for our global trade intelligence now.

 

Vietnam Imports and Exports 2021


Imports -


Top Commodities


Electronics were the highest imported commodity for the year 2021 in Vietnam so far, as per availability of Vietnam trade data in our trade intelligence platform online (i.e., October 2021). Get access to our trade intelligence platform online for more understanding of opportunities.


Commodity

Value USD Billion

Electronics and Parts

113.20

Plastics and Articles

22.58

Industrial Machinery

20.82

Iron and Steel

12.84

Knitted or Crocheted Fabrics

10.19

 


2021 Monthly Values


Imports in the year 2021 for Vietnam recorded the highest value for the month of June with a record of $33.45 billion. It is to be duly noted that this data doesn’t represent the whole year’s values for 2021 but only till October 2021 due to data availability. Compare the values of 2021 with 2020 on the basis of a similar data range. Access Vietnam import-export data samples.

 

Month

Value USD Billion

January

30.57

February

24.14

March

32.69

April

30.89

May

30.73

June

33.45

July

31.41

August

29.50

September

29.99

October

29.66

 


Exports -


Top Commodities


Vietnam exported the commodity of electronics and their parts with an export value of $125.78 billion, followed by industrial machinery, iron & steel, footwear, and plastics & articles as the top exported commodities in 2021. Search for Vietnam’s electronics and outbound shipment details.

 

Commodity

Value USD Billion

Electronics and Parts

125.78

Industrial Machinery

22.97

Iron and Steel

18.51

Footwear, Gaiters, etc.

16.57

Plastics and Articles

13.87

 


2021 Monthly Values


Vietnam exports 2021 recorded the highest exports in the April month with a value of $39 billion. Compared to the 2020s exports for October, on a year-on-year basis, exports have grown by $1.59 billion in 2021. Get access to Vietnam import-export data samples for seeing our data.

Month

Value USD Billion

January

36.79

February

24.32

March

37.20

April

39.43

May

30.43

June

32.51

July

32.03

August

31.64

September

31.19

October

33.71

 

 

Vietnam Imports And Exports 2020

 

Imports -


Top Commodities


For the year 2020, Vietnam imported Mineral Fuels & Oils (27) the highest among all other top imported commodities, as shown below in Vietnam import data 2020. Mineral fuels & oils accounted for an import value of $11.65 trillion among all other commodities for 2020. Search for Vietnam import data for mineral fuels & oils and related queries as per your requirements.

 

Commodity

Value USD Trillion

Mineral Fuels and Oils

11.65

Electronics and Parts

0.11

Industrial Machinery

0.25

Plastics and Articles

0.23

Iron and Steel

0.11

 

2020 Monthly Values


Vietnam import data below shows the monthly imports of Vietnam for the year 2020. As we can see, the period of months from January to May had a similar fluctuation. In June 2020, imports surged by almost $11 billion in comparison to the previous month of May. Looking at the trade data showing imports of Vietnam for 2020, we can see that June was the most profitable month for exporters from other countries. Know more about the Vietnamese importers from our lists.

 

Month

Value USD Trillion

January

0.23

February

0.23

March

0.28

April

0.23

May

0.23

June

11.67

July

0.27

August

0.28

September

0.30

October

0.29

November

0.29

December

0.33

 

Exports -


Top Commodities


Vietnam’s top exported commodities for the year 2020 includes electronics with the highest value of $135 billion, followed by industrial machinery with $22 billion, footwear with $19 billion, knitted or crocheted apparel with $14 billion and $13 billion for non-knitted or crocheted apparel. Look at the Vietnam export data below for more information on these commodities. Want to gain more in-depth information on Vietnam’s market opportunities? Search for your data requirement.

 

Commodity

Value USD Billion

Electronics and Parts

135.12

Industrial Machinery

22.11

Footwear, Gaiters, etc.

19.40

Knitted or Crocheted Apparels

14.41

NOT Knitted or Crocheted Apparels

13.89

 


2020 Monthly Values


The final month of the year 2020 proved to be the most financially beneficial for Vietnamese exporters, with an export value of $36.18 billion. As we can see from the export data of Vietnam below, there is a frequent fluctuation among the months throughout the year within the same range of 20-30 billion dollars.

 

Month

Value USD Billion

January

23.06

February

26.67

March

29.82

April

22.30

May

22.89

June

26.84

July

29.39

August

33.03

September

32.12

October

32.12

November

30.92

December

36.18

 

After the pandemic, Vietnam’s major sectors are rebounding, in which electronics is at the top. There is no doubt that Vietnam is one of the countries who have made a benchmark on providing world-class electronics and machinery equipment. Take a deeper look at the Vietnamese markets through our trade intelligence platform online. Contact us to get more information about our services providing trade data solutions for your trade data queries.

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