Question

In: Economics

what are main import, export trading partners of Vietnam 2018? how are trade balance between Vietnam...

what are main import, export trading partners of Vietnam 2018?
how are trade balance between Vietnam and these partners?

Solutions

Expert Solution

Vietnam's main exports are
crude oil.
textiles and garment.
rice.
coffee.
rubber.
coal.
aquaculture.
processed forest products.

As per the new data of the General Department of Vietnam Customs, in 2018, among 10 greatest exchanging accomplices of Vietnam (nations and regions) there are 8 markets situated in Asia.

Just two noteworthy exchanging accomplices are outside Asia and recorded in the Top 10, which are the United States and Germany.

Specifically, the import and fare an incentive among Vietnam and China is the biggest, coming to $US 106.7 billion and representing 22.2% of the all out import-trade estimation of the nation.

The following significant accomplices are: South Korea came to $US 65.7 billion, representing 13.7%; the United States with $US 60.3 billion, representing 12.6%; Japan achieved more than $US 37.8 billion, representing 7.9%; Thailand came to $US 17.3 billion, representing 3.6%; Taiwan, $US 16.379 billion, representing 3.4%; Malaysia came to $US 11.5 billion, representing 2.4%; Germany came to $US 10.7 billion, representing 2.2%; India came to $US 10.7 billion, representing 2.2%; Hong Kong came to about $US 9.5 billion, representing 2%.

imports of Vietnam in 2009:-

The 2009 report states 11% earnings on crude oil, 7% on aquatic products, 7% footwear, 5% electronic equipment, 5% jewelry, 5% rice, 4% wooden products, 4% machinery, 3% coffee, 2% anthracite and 2% rubber. Vietnam's key import commodities include: petroleum products. steel


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