Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent).
What products are imported to Vietnam?
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.
What are the top 3 imports of Vietnam?
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 Vietnam import from other countries?
Imports The top imports of Vietnam are Integrated Circuits ($27.1B), Telephones ($13.7B), Refined Petroleum ($6.92B), Light Rubberized Knitted Fabric ($5.3B), and Semiconductor Devices ($4.38B), importing mostly from China ($91.1B), South Korea ($47.8B), Japan ($16.3B), Thailand ($11.8B), and Chinese Taipei ($11.4B).
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).
Is Vietnam a poor country?
Vietnam is now defined as a lower middle income country by the World Bank. Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. Poverty reduction is slowing down and inequality increasing with persistent deep pockets of poverty.
What is Vietnam’s largest import?
- Electrical machinery, equipment: US$96 billion (34.3% of total imports)
- Machinery including computers: $26.9 billion (9.6%)
- Plastics, plastic articles: $15.2 billion (5.4%)
- Optical, technical, medical apparatus: $10 billion (3.6%)
- Iron, steel: $9.8 billion (3.5%)
- Mineral fuels including oil: $8.8 billion (3.1%)
What food does Vietnam import?
In particular, in 2016 Vietnam imported nearly 150 thousand tonnes of seeds, including rice varieties, grasses, corn, vegetables and flowers.