U.S. imports from Vietnam account for 2.7% of overall U.S. imports in 2019. The top import categories (2-digit HS) in 2019 were: electrical machinery ($22 billion), knit apparel ($7.7 billion), furniture and bedding ($7.2 billion), footwear ($7.0 billion), and woven apparel ($5.8 billion).
What does the US trade with Vietnam?
U.S. imports from Vietnam include apparel, footwear, furniture and bedding, agricultural products, seafood, and electrical machinery. U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to over $90 billion in 2020.
What are the main exports of Vietnam?
|Top Exports||Export Value (2017)|
|Phones||US $45.1 billion|
|Textiles||US $25.9 billion|
|Electronic goods/Computers||US $25.9 billion|
|Footwear||US $14.6 billion|
What are the top 3 exports of Vietnam?
Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).
What products does Vietnam import?
Vietnam mainly imports electrical machinery, computers, mobile devices, plastic, mineral fuels, iron and steel, and optical, technical, and medical equipment. However, new opportunities are emerging for manufacturers to export to Vietnam.
Why is Vietnam so poor?
The majority of the poor are farmers. In 1998 almost 80 percent of the poor worked in agriculture. The majority of the poor live in rural, isolated, mountainous or disaster prone areas, where physical infrastructure and public service are relatively undeveloped. The poor often lack production means and cultivated land.
What is Vietnam main source of income?
Main Sectors of Industry
Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).
What should I buy in Vietnam?
23 Best Things to Buy in Vietnam – 2021 Vietnam Shopping Guide
- Food – Vietnam Must By Snacks. You can’t go to Vietnam without feasting away at the amazing dishes they have to offer. …
- Tailored Clothing. …
- Elephant Print Pants. …
- Vietnamese Coffee Grounds and Phin Filter. …
- Lanterns. …
- Paintings. …
- Conical Hat. …
- Fake Luxury Items.
How much is a bottle of Coke in Vietnam?
Prices in restaurants in Vietnam.
|Meal in a cheap restaurant||50,000 VND (30,000-86,000)|
|Imported Beer (0.33 liter bottle)||40,000 VND (25,000-70,000)|
|Coke/Pepsi (0.33 liter bottle)||12,000 VND (10,000-22,000)|
|Water (0.33 liter bottle)||7,500 VND (5,000-16,000)|
|Cappuccino (regular)||38,000 VND (20,000-60,000)|
What does Vietnam sell to other countries?
Economy of Vietnam
|Export goods||Electronics, textiles products, machinery, footwear products, transportation products, wooden products, seafood products, steel, crude oil, pepper, rice and coffee|
|Main export partners||China(+) 19.6% United States(+) 18.1% Japan(+) 7.43% South Korea(+) 7.09% (2018 est.)|