What is special about Vietnam’s total import and export turnover in 2022 compared to 2021?

In 2022, Vietnam’s total import-export turnover reached a record high of over $600 billion, up from the previous year. This growth is driven by demand for Vietnamese products, favorable trade conditions and the country’s successful COVID-19 containment efforts.

Total import and export turnover of Vietnam 2022

Vietnam is one of the fastest growing economies in Asia and plays an increasingly important role in the global trade landscape. In 2022, Vietnam’s total import and export turnover will reach an unprecedented high, reflecting the country’s continuous economic growth and integration into the global economy. According to the General Department of Customs, the total import-export value in 2022 will reach about $560 billion, up from $534 billion in 2021. This figure is up 5.2% over the previous year and is a clear demonstration of strength and resilience. of the Vietnamese economy.

The majority of Vietnam’s exports are manufactured goods, such as electronics, textiles and footwear, which are shipped to countries around the world, including the United States, Europe and Asia. The country is known for its skilled workforce and favorable business environment, which has attracted more and more foreign investors and helped make Vietnam a manufacturing and export hub. In 2022, Vietnam’s export value will reach 299 billion USD, up from 278 billion USD in 2021. This increase in export value is due to the increasing demand for Vietnamese products both at home and abroad.

In addition to thriving exports, Vietnam is also a major importer of raw materials and intermediate goods, which are used to produce manufactured goods. Vietnam imported about $261 billion worth of goods in 2022, up from $256 billion in 2021. This increase in imports reflects growing demand for raw materials and intermediate goods as Vietnam’s economy continues to expand. Major imports include petroleum, steel and machinery, which are essential inputs to the country’s manufacturing industry.

Overall, Vietnam’s total import-export turnover in 2022 is a testament to the success of the economy and the country’s growing role in the global trade context. With a highly skilled workforce, favorable business environment and growing demand for its products, Vietnam is poised to continue its growth and success in the years to come. The country’s continued expansion in the global trade market will be a key driver of economic growth and will help strengthen its position as a key player in the global economy.

Export items with a turnover of over 1 billion USD

Vietnam’s economy has grown rapidly in recent years, thanks in large part to a thriving export sector. In 2022, a number of products have an export turnover of over 1 billion USD, demonstrating the country’s strong competitiveness in many fields. According to the General Department of Customs, the top export products with a turnover of over 1 billion USD in 2022 are electronics, textiles, footwear, and rice.

Electronics, including smartphones, laptops and components, are among Vietnam’s most valuable exports in 2022, with a turnover of more than $100 billion. The country has become an electronics manufacturing hub, attracting large multinational corporations and leveraging a skilled workforce to produce high-quality products at competitive prices. Strong global demand for electronic products has driven significant growth in this sector and Vietnam is well positioned to continue to capture a large market share in the coming years.

Textile and garment is another major contributor to Vietnam’s export turnover in 2022, with a turnover of more than 50 billion USD. The country is one of the world’s largest producers of textiles, leveraging low-cost labor and a favorable business environment to produce quality products that are in high demand globally. The strong growth in this sector has helped create thousands of jobs and boost economic growth in the country.

Footwear exports also bring significant turnover to Vietnam in 2022, with a value of over 25 billion USD. The country is one of the largest footwear manufacturers in the world, producing a wide range of products, from sports shoes to high-fashion footwear. Growing global demand for footwear, combined with Vietnam’s favorable business environment and skilled workforce, has fueled strong growth in the sector.

Rice, one of Vietnam’s most important agricultural products, also generates significant export turnover in 2022, with a turnover of over $5 billion. Vietnam is one of the world’s largest rice producers and exporters, and its high-quality rice is in high demand globally. The strong growth in this sector has helped spur economic growth and job creation in rural areas, where most of the rice is produced.

In summary, these items with a turnover of over 1 billion USD in Vietnam by 2022 demonstrate the country’s competitiveness and growth potential in many industries. With a favorable business environment, skilled workforce and growing demand for our products

Vietnam is ready to continue its success in the global export market.

Future plans for Vietnam’s import and export industry

Vietnam’s import and export industry has experienced significant growth in recent years, making the country a major player in the global trade scene. As the country looks to the future, there are several important plans in place to continue its growth and further strengthen its position in the global market.

One of the main priorities is to continue to expand and diversify the country’s export markets. Vietnam is already a major exporter of electronics, textiles, footwear and rice, but still has the potential to expand into new industries and markets. The government is actively working to attract investment in new sectors, such as renewable energy and high-tech industries, which have the potential to generate substantial export earnings and create new jobs.

Another important focus is on strengthening the country’s transport and logistics infrastructure. Improving the efficiency and reliability of these systems will be critical to ensuring that Vietnamese products can reach markets around the world quickly and efficiently. The government is investing in new ports, highways and rail systems to improve connectivity both domestically and internationally.

Besides expanding exports, Vietnam also focuses on improving competitiveness with imports. This includes reducing the costs and time involved in importing goods, which will help create a more favorable business environment for both local and foreign companies. The government is working to simplify customs procedures, streamline regulations and increase transparency to make it easier for companies to import the goods they need to support their business.

Finally, Vietnam is committed to improving product quality and safety. This includes implementing stronger quality control systems, strengthening product safety regulations, and investing in research and development to create innovative new products. Improving product quality and safety will be crucial to maintaining the competitiveness of Vietnam’s export products and attracting new customers.

In conclusion, the future looks bright for Vietnam’s import and export industry as Vietnam commits to a series of initiatives to further its growth and strengthen its position in the global market. With a strong focus on expanding exports, improving logistics, increasing competitiveness and improving product quality, Vietnam is poised to achieve success in the coming years.