The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.The top product import tariffs by their MFN Ad Valorem value for Vietnam are Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.During the last 20 years Vietnam's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨87th to the 81st⁩ position in the ECI rank.These economic complexity rankings use 6 digit exports classified according to the HS96 classification.
The largest sector of investment by the EU is industrial processing and manufacturing. Only two major trading partners are outside Asia and listed in the Top 10, which are the United States and Germany. In 2004, Vietnam's exports of merchandise were valued at US$26.5 billion, and, were growing rapidly along with imports. According to the General Statistics Office, the domestic financial industry earned US$69.20 billion from exports, while the foreign-invested sector made US$175.52 billion. These negative net exports reveal product categories where foreign spending on home country Vietnam’s goods trail Vietnamese importer spending on foreign products.Vietnam has highly negative net exports and therefore deep international trade deficits for printing machinery and computers under the machinery including computers product category.Two Vietnamese corporations rank among Forbes Global 2000.

Exports in Vietnam averaged 7.43 USD Billion from 1990 until 2020, reaching an all time high of 25.89 USD Billion in August of 2019 and a record low of 0.54 USD Billion in February of 1997. In 2018 Vietnam exported a total of $274B, making it the number 19 exporter in the world.

During the last five reported years the imports of Vietnam changed by $116B from $137B in 2013 to $253B in 2018.In 2019, Vietnam exported $16.6B worth of services. The following export product groups represent the highest dollar value in Vietnamese global shipments during 2019. As per Vietnam trade statistics, the country shipped goods worth US$ 290 billion in 2018. … HS Code Product Description Value (%) 117: Electrical Machinery and … The top services exported by Vietnam in 2019 were Travel ($11.8B), Air transport ($2.36B), Sea transport ($831M), Miscellaneous business, professional, and technical services ($646M), and Financial services ($210M).The top services imported by Vietnam in 2019 were Sea transport ($7.17B), Travel ($6.15B), Construction services ($1.18B), Air transport ($1.1B), and Insurance services ($712M).This section shows forecasts for total product exports and imports for Vietnam. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. Relatedness is a predictive of the probability that a country increases its exports in a product. Prime Minister Nguyen Xuan Phuc has issued a directive on the building of plans for socio economic development and State budget estimate for 2021 with ... Vietnam … Vietnam's principal exports were crude oil (22.1%), textiles and garments (17.1%), footwear (10.5%), fisheries products (9.4%) and electronics (4.1%). Vietnam’s top 10 exports accounted for more than 70% of the overall export shipments. Generally, in seven months of 2020, the trade balance of goods will continue ... Economic growth projected to reach about 7% in 2021 20:02 | 03/08/2020. During the last five reported years the exports of Vietnam have changed by $125B from $149B in 2013 to $274B in 2018.In 2018 Vietnam imported $253B, making it the number 20 trade destination in the world. Check export statistics of Vietnam recorded last year which shows trade figures of top 10 export commodities. Furniture, bedding, lighting, signs and prefabricated buildings represents the fastest grower among the top 10 export categories, up by 66.3% from 2018 to 2019.

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