5 Most Profitable Products To Export From Vietnam

Vietnam import export data

Vietnam is the 38th largest economy in the world. Vietnam is ranked 4th largest economy amongst Asian countries. For the fiscal year 2021, Vietnam's top exports products were Electrical, Electronics, Footwear, Textiles, and Pharma products etc.

Vietnam's top trading partners were the United States, China, South Korea, Japan and Hong Kong. Samsung Electronics and Intel products were the top exporter companies of Vietnam.

Currently, Vietnam is the 18th largest exporter in the world. Vietnam is the most profitable market to invest in. If you are looking to expand your business in Vietnam, then this blog will help you find the top products that you can export from Vietnam.

5 Most Profitable Products to Export from Vietnam

Electronics Products

Electronic Products are the most exported products from Vietnam. As per the Vietnam export data of 2021, Vietnam electronics products exports totaled around 130 Billion US Dollars. In 2022, Vietnam electronics products exports increased by 27%. Past eight months, Vietnam exports reports suggest that their total export value was 77 Billion USD. 

China, South Korea, the United States and the European Union were the major importers of Vietnamese Electronics Products. The top  electronic companies were LG, Samsung, and Foxconn. Due to quality, durability and cost-effectiveness, Vietnam’s Electronics market is seeing rapid growth. Vietnam is a serious threat to China.

Telephones

Vietnam was the second largest exporter of Telephones in the world. China, Hong Kong, Brazil and India were the top importers of Vietnam in 2021. As per Vietnam trade data 2021, Vietnam shipped over 231 million units of phones and around 577 trillion units of phone components.

Vietnam contributes around 13% of the global smartphone market share. Vietnam is also the second largest smartphone manufacturer in the world. Vietnam mobile phones exports were around 33 billion USD.

On the other hand, mobile phone accessories exports reached 23 billion US Dollars in 2021 that was 9% more as compared to the fiscal year 2020. In the future, these statistics might increase.

Textiles & Clothing Accessories

Vietnam is the 3rd largest exporter of textiles in the world. As per Vietnam customs data reports, Vietnam’s textile exports will be worth 38 Billion US Dollars in 2021. Vietnam shipment data in 2022 suggests that its textile exports were around 45 billion US dollars.

The major textile & clothing accessories importers from Vietnam were the United States of America, China, South Korea and European union nations. Currently, there is a rise in Vietnamese textile exports to African countries, Mexico and Russia.

Footwear

Vietnam is the second largest export market of Footwear products. Vietnam's footwear export market has expanded to over 100 countries. As per Vietnam footwear exports data, Vietnam exports were around 17 billion USD in 2021.

The United States of America, Japan, South Korea and China were the leading importers of footwear products from Vietnam. Various top brands have set up their industries in Vietnam. These include top brands such as Puma, Nike, Adidas and Reebok.

In the fiscal year 2022, Vietnam footwear exports were up by 13%. Experts predict that it could reach up to 20 billion USD.

Machinery

Vietnam is the 15th largest exporter of Machineries in the world. According to the Vietnam exports reports, the United States, China, Japan, Russia and South Korea were the major machinery importing countries from Vietnam.

In the financial year 2021, Vietnam’s machinery exports were around 95 billion US dollars. Vietnam's major machinery exports products include office machine parts, circuit boards, headphones, microphones, and broadcasting equipment.

On the other hand, Vietnam import data reports suggest that Vietnam's machinery imports were from the United States, South Korea and China. Vietnam’s machineries exports could increase by 10% in 2023.

Unlock opportunities with Exim Global Trade Intelligence System

Exim GTIS is an effective market research tool made for businesses. You can discover 200+ countries import export data reports and make successful marketing strategies. Through our Vietnam trade intelligence reports, you can find the latest imports, exports, price forecasts, buyers and suppliers list. It can help you get genuine business leads from the Vietnamese market. 

Go to the offical website : Global import export data provider

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