2. Viet Nam import and export in 2023

Vietnam’s total import-export turnover with the Asia-Africa region is estimated at 458 billion USD, down 6.7% compared to 2022.
The value of imports and exports between Vietnam and other continents are: America: 137.67 billion USD, down 10.6%; Europe: 73.6 billion USD, down 4.1%; Oceania: 15.54 billion USD, down 11.5%.

3. Vietnam’s export of goods in 2023

Vietnam’s total export value reached 354.67 billion USD, down 4.6%, equivalent to a decrease of 16.63 billion USD compared to the previous year. Of which, machinery, equipment, tools, and other spare parts decreased by 2.62 billion USD; footwear of all kinds decreased by 3.66 billion USD; textiles and garments decreased by 4.27 billion USD; computers, electronic products, and components decreased by 5.61 billion USD; seafood decreased by 1.95 billion USD…

Vietnam’s main export commodity groups in 2023:

• Phones and accessories: Exports reached 52.38 billion USD, down 9.7% compared to 2022. Of which, exports of this product group to the Chinese market reached 16.87 billion USD, an increase of 3.7%; America reached 7.9 billion USD, down 33.5%; EU reached 7.2 billion USD, up 7.5%; Korea reached 3.51 billion USD, down 30.5%… compared to the previous year.
• Computers, electronic products & components: Exports to the US reached 17.2 billion USD, up 6.8% over the previous year; China reached 13.5 billion USD, up 9.8%; EU reached 6.5 billion USD, down 14%; Hong Kong reached 5.54 billion USD, down 5.8%…
• Textiles and garments: Exports to the US reached 14.47 billion USD, down 16.7%; EU reached 3.86 billion USD, down 13.8%; Korea reached 3.05 billion USD, down 7.9%. Japan reaches 4.06 billion USD, equivalent to 2022.
• Footwear of all kinds: Exports reached 20.24 billion USD, down 15.3% (equivalent to a decrease of 3.66 billion USD) compared to the previous year. Exports to key markets such as the US reached 7.16 billion USD, down 25.5%; EU reached 4.91 billion USD, down 18.1%; China reached 1.87 billion USD, an increase of 9.4%… compared to the previous year.
• Wood and wood products: In the past year, exports of wood and wood products to the US market reached 7.31 billion USD, down 15.6% and accounting for 54% of the country’s total export value of this product group.
• Seafood products: Exports to the US reached 1.56 billion USD, down 26.9% (corresponding to a decrease of 57 million USD); Japan reached 1.52 billion USD, down 11.2% (equivalent to a decrease of 19 million USD); China reached 1.34 billion USD, down 15% (corresponding to a decrease of 23 million USD) and the EU reached 952 million USD, down 27.1% (corresponding to a decrease of 348 million USD) compared to the previous year.
• Vegetables and fruits: The export value of this product group reached 5.6 billion USD, an increase of 66.7% (equivalent to an increase of 2.24 billion USD) compared to the previous year.

In 2023, exports will increase mainly due to a sudden increase in durian fruit exports (HS code 0810.60.00). Durian exports reached 2.1 billion USD, up to 1.82 billion USD compared to 288 million USD the previous year. Of which, mainly exported to China with 2.03 billion USD, accounting for 99.4% of the country’s total export value of this product group.

• Rice: The total amount of rice exported reached 8.1 million tons and the value reached 4.68 billion USD, an increase of 35.3% over the previous year.

ASEAN is the main export market for Vietnamese rice, accounting for 61% of the country’s total rice exports. Specifically, rice exports to ASEAN reached 4.9 million tons, up 24% over the previous year. In addition, Vietnamese rice exports to other markets such as China reached 917 thousand tons, an increase of 8%; Ghana reached 587 thousand tons, an increase of 32.9% over the previous year.
4.    Vietnam’s import of goods in 2023

The total value of imported goods reached 326.37 billion USD, down 9.2% compared to 2022. Of these, the sharpest decrease was phones and components down 12.38 billion USD, and machinery, equipment, tools, and spare parts down 3.56 billion USD. billion USD; Automobile components and spare parts decreased by 1.73 billion USD; fabrics of all kinds decreased by 1.69 billion USD. However, computers, electronic products, and components are the only product group with an import increase of over 1 billion USD with a value of 87.96 billion USD, an increase of 6.1 billion USD compared to 2022.

Vietnam’s main import commodity groups in 2023:

• Computers, electronic products, and components: Import value reached 88 billion USD, up 7.4% over the previous year. Mainly imported from markets: Korea reached 28.75 billion USD, up 23.9%; China reached 23.41 billion USD, down 2.7%; and Taiwan reached 10.18 billion USD, down 8%… compared to 2022.
• Fuel (including coal, crude oil, petroleum of all kinds, and liquefied petroleum gas): Imported 74.92 million tons of fuel, down 29.6% and reaching a value of 24.2 billion USD, down 4.7% over the year. 2022. Of which, coal of all types is 51.16 million tons, an increase of 61.4%, crude oil is 11.19 million tons, an increase of 9.7%; Petroleum of all kinds is 10.05 million tons, an increase of 13.3%; liquefied petroleum gas was 2.52 million tons, an increase of 27.9%.

Mainly from countries: Australia reached 19.9 million tons, up 17.6%; Indonesia reached 19.35 million tons, an increase of 86.3%, Russia reached 4.37 million tons, an increase of 93% compared to 2022.

• Raw materials and accessories serving the textile, garment, leather, and shoe industries (including cotton, textile fibers, fabrics of all kinds, and raw materials for textiles, garments, leather, and shoes): Total import value reached 21.4 billion USD, down 14%, equivalent to a decrease of 3.9 billion USD compared to 2022.

China is the largest market supplying this group of goods to Vietnam, accounting for 50%, with 12.75 billion USD, down 9.3% compared to 2022. Taiwan with 1.94 billion USD, down 25.4%; Korea with 2.18 billion USD, down 13.9%; United States with 1.32 billion USD, down 26.2%..

• Phones and components: Import value reaches 8.75 billion USD, down 58.5% compared to 2022.

China is the largest market supplying these two product groups with a value of 7.29 billion USD, down 9.5%; followed by the Korean markets with 524 million USD, down 95.4%; India with 74 million USD, an increase of 8 times compared to 2022.

• Completely Built-Up Car: The number of imported all types is 118,942 units, down 31.5% compared to 2022.

Cars with over 9 seats, in 2023, Vietnam will only import 40 cars. Imported CBU cars of all types mainly originate from Thailand and Indonesia, accounting for 75% of the country’s total imports. Of which Thailand is 53,942 units, down 18.1%; Imports from Indonesia are 42,676 units, down 41.3% compared to 2022.

• Wheat, corn, soybeans, and animal feed: Imports of this product group are 10.55 billion USD, down 10%, equivalent to a decrease of 1.17 USD compared to last year.

Mainly imported wheat, corn, soybeans, and animal feed from main markets: Brazil reached 2.83 billion USD, up 18.4%; Argentina reached 2.31 billion USD, down 38.3%, the US reached 1.36 billion USD, up 4.2% compared to 2022.

• Iron and steel of all kinds: Imported 15.78 billion USD of iron and steel of all kinds and products, down 8.9% compared to 2022. Of which, iron and steel products of all kinds reached 13.33 million tons, up 14.1% in volume but Because the unit price decreased by 23.3%, the import value only reached 10.43 billion USD, down 12.5% compared to the previous year.

Mainly from markets: China reached 9.1 billion USD, up 9.1%; Japan reached 1.86 billion USD, down 19.2% and Korea reached 1.79 billion USD, down 16.3%.

Source: General Department of Customs, Ministry of Industry and Trade