What is Vietnam Import Data? How Vietnam Customs Data is Useful?

21 July 2018
Vietnam Import Data

Vietnam import data is a valid key to study trade market of Vietnam. The success of business undertakings depends on the quality and reliability of trade data so it is considered as the valid key to success for trade business. The import data also provide the tariff charges, transportation charges, FOB value and elements of all taxes applicable to different imported products.


Import data of Vietnam is provided by Export Genius based and compiled from import bill details which are a set of Vietnam custom details. It covers all the information of cargo shipments that enter into Vietnam. Let’s take a comprehensive look at the definition and benefits of Vietnam import data.


Highlights of Vietnam Imports in 2017


 

What is Vietnam Import Data?


Vietnam import data is a set of information associated with entire import taking place throughout the year. It helps in analysing each and every fluctuation in global import business and also helps in understanding the trends of trade market and demands of commodities. The traders can make immense profits and expand their business at higher level with the help of import data.


The accurate import data is very vital for importers community in order to collect all the information and particulars about all the goods being sold in the global market that can play a crucial part in their business development. Export Genius Vietnam Import Data is best in the market due to the following reasons.


             ·         It is updated on the monthly basis

             ·         It is released without any discrepancy.

             ·         It is customized and analyzed by various data segments.


Importance of Vietnam Import Data for Business Growth


For Vietnamese buyers and foreign suppliers, Vietnam import data plays very crucial role in running a business at the international level. It shows the present demand in the trade market and helps to know the fluctuation in market trends by product. The import data is the major source of global market analysis and the only medium to analyse the market trends and demand of various goods in global market so the significance of data is very high at the international level.


The data will reduce business risks and keep your business away from frauds. It helps to analyse the market of Vietnam to generate new business leads. It will also to identify the potential buyers of your product in the Vietnamese market.


Who can use the Vietnam Import Data?



Vietnam Importers – Know the demand in their local market and know who can be the best suppliers for their product.

Foreign Exporters – Find active and genuine buyers in Vietnam and make a right choice of buyers to export products.

Logistics Companies – They can find new customers by getting information about traders in import data.

Research Agencies – They can come up with new findings by gathering information about target markets and better market conclusions.


How Vietnam Import Data is collected?


We collect Vietnam import data from various trustworthy sources such as shipping companies, Vietnamese ports and government authorities. It is based on actual shipment records and very authentic in nature. It is prepared after reviewing shipments that enter into Vietnam through land, air or sea ports from any part of the world.


In which format, the shipments of Vietnam import data are provided?


Vietnam import data covers all major data fields such as date of shipment, HS code, Product Description, Quantity, Price, Payment, Company Code, Port of Loading and Discharge, Country of Origin and Destination, Importers, Exporters and Method of Transport.


Sample of Vietnam Import Data


For the reference, check the sample below and take a fair idea about major data fields that we cover in Vietnam import data.


Date

01 October 2017

HS Code

85152100

Product Description

Welder CT33100 new goods 100%

Quantity

72 pieces

Total value

USD 4975

Vietnam Importer Company

Kim Tin Investment Corporation

Exporter Company

Zhejiang Gosail Trading Co., Ltd

Import Port

Cat Lai Port

Export Port

Ningbo

Import Country

Vietnam

Export Country

China

 

Last 10 Years Import Statistics of Vietnam


According to Vietnam trade statistics, Vietnam has recorded the highest imports in 2017 (USD 235 billion) as compared to last ten years. Refer the below table to know Vietnam import statistics of last ten years.


Year

Value (USD Billion)

2017

235

2016

201

2015

192

2014

179

2013

157

2012

126

2011

116

2010

91

2009

71

2008

75

 

Top Five Industries of Vietnam imports


The commodities come under electrical machinery product group have been demanded most in the Vietnamese market. Vietnam imports of electrical machinery worth USD 60830 million in 2017 and the main imports are electronic integrated circuits, telephone sets and printed circuits in this category. Machinery, plastics, mineral fuels & oils and iron & steel are other largest imports of the country. Let’s check the HS Code and statistics given in the table below.


HS Code

Product

Value (USD Million)

HS Code 85

Electrical Machinery

60830

HS Code 84

Machinery

25468

HS Code 39

Plastics

11805

HS Code 27

Mineral fuels & oils

10597

HS Code 72

Iron and Steel

10487

 

Top 10 Goods Import Sources of Vietnam


According to Vietnam import data, it is recorded that Vietnam is importing commodities from more than 130 countries around the world. China, Korea, Japan, Singapore, Thailand, Taipei, Honk Kong, USA, India and Malaysia are the top import sources of Vietnam. Check their import values and share values recorded during 2017.


Country

Value in USD Million

Share Value

China

72.11

30.6%

Korea

47.74

20.2%

Japan

15.05

6.4%

Singapore

12.29

5.2%

Thailand

11.60

4.9%

Taipei

10.51

4.5%

Hong Kong

10.28

4.4%

USA

8.16

3.5%

India

8.11

3.4%

Malaysia

6.38

2.7%

 

We at Export Genius are the expertise of global trade data. Doing business without data is like driving with your closed eyes. Without research based data, it is difficult to take progressive decisions in the business. Apart from trade data of Vietnam, we also provide trade data of over 60 countries.


To buy our market research data and report, email at info@exportgenius.in


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