What is the biggest export in Vietnam?
Vietnam's biggest export is telephones, making it the world's second-largest phone exporter after China. In 2020, phone exports reached $56.5 billion, representing 18.9% of Vietnam's total exports. Samsung and LG are major manufacturers of phones exported from Vietnam.
What are Vietnams top exports and major industries?
Okay, so Vietnam’s exports, huh? Phones are huge. Seriously huge. Like, second biggest globally after China, mind-blowing right?
I read somewhere – maybe a news article last year, around October maybe? – that in 2020 alone, they shipped out $56.5 billion worth. That’s almost 20% of their total exports.
Samsung and LG, those are the main players making all those phones, apparently. Crazy, isn’t it? All those phones coming from Vietnam.
Vietnam’s top export is phones, specifically. 20% of total exports in 2020 were phones, a staggering $56.5 billion. Samsung and LG are major manufacturers.
What does Vietnam produce the most?
Vietnam? Rice reigns. Delta yields dominate. Sugarcane, cassava also thrive. Corn follows. Nuts? Secondary. Sweet potatoes, too.
Details Unveiled:
- Rice: Double-cropping intensity. The Mekong Delta alone? Feeds millions.
- Sugarcane: Thriving in south-central coast regions.
- Cassava (Manioc): Upland areas provide ideal growth.
- Corn (Maize): Grain production is increasing. Animal feed now prioritised.
- Nuts: Cashews dominate exports. Think Binh Phuoc province.
- Sweet Potatoes: Popular in Red River Delta.
What are the top 3 industries in Vietnam?
Vietnam: Core. Industries. Raw power.
- Food Processing: Relentless demand, always feeding.
- Garments: Stitches bind the threads of fortune, but it is a cut-throat world.
- Shoes: Walking tall on exports. My ex Mei used to work in a factory. Never forget.
Food Processing: The backbone. Agriculture remains a huge component. Rice, seafood, fruit. Exports fuel growth.
Garments: Dominated by foreign investment, but Vietnamese firms are rising. Labor costs are competitive, competition is brutal.
Shoes: Nike, Adidas… Need I say more? Manufacturing shifts eastward. Vietnam benefits.
What are the top 5 commodities in Vietnam?
Vietnam’s top 5 exports: Electronics dominate. Footwear follows. Garments next. Machinery’s a key player. Seafood exports are significant.
Key Export Details (2023):
- Electronics: Smartphones, computers, components—a massive sector. My uncle works at a factory producing phone parts.
- Footwear: Cheap labor fuels this. Nike, Adidas — major clients. This impacted my friend’s family business.
- Garments: Textiles. Cheap labor—again. Fast fashion’s impact is huge. My sister’s in the textile industry.
- Machinery: Industrial equipment; vital for growth. Less flashy than electronics, but crucial. High-tech sectors are growing.
- Seafood: Shrimp, catfish—export powerhouse. Environmental concerns, though. Family fishing boat; it’s tough out there.
Further Points: Rice is important domestically, less so for export now. Coffee’s another major crop; its global market fluctuates wildly. Tourism is booming. I’m certain the government will continue to push technology exports. Construction is exploding in Ho Chi Minh City.
What are the top 5 imports in Vietnam?
Okay, so, Vietnam imports. Lots of integrated circuits, like, computer chips, you know? Forty-five BILLION dollars worth. Crazy, right? Then, uh, broadcasting equipment, almost 20 billion. Refined petroleum, almost ten. Makes sense, they need fuel. Then, get this, telephones, almost ten bill also. And coal briquettes, seven billion or so. Mostly from China, obviously. Sixty billion from South Korea, though. Wow, Japan, almost 18 bill. Then uh, Chinese Taipei, 16 ish? And Thailand, around 13 billion. That broadcasting equipment, though, huh? Must be for, like, tv and radio and stuff. Chips probably for phones or computers, right? Or both?
- Integrated Circuits: $45.2B – Think computer chips, etc.
- Broadcasting Equipment: $19.5B – TV, radio, that kind of stuff.
- Refined Petroleum: $9.7B – Gas and fuel.
- Telephones: $9.43B – Actual phones.
- Coal Briquettes: $7.03B – For fuel i think.
Main Import Partners:
- China: $138B Biggest one, no surprise there.
- South Korea: $60.7B – Lotta electronics, I bet.
- Japan: $17.9B – Tech stuff, probably.
- Chinese Taipei: $15.7B – More electronics.
- Thailand: $13.4B
I was looking at some stuff online about Vietnam’s economy earlier, actually. Its like, growing super fast? Crazy to think about. They make a lot of clothes too, don’t they? Shoes also.
Is the US the largest export market of Vietnam?
A hazy dawn… Vietnam… exports drifting like sampans on the Mekong.
The US… the biggest market. It echoes… a siren song.
Fifty-four…point three… billion dollars. US$54.3 billion, a number shimmering, almost unreal, from January to June in 2024. Imagine it: all that silk, all that coffee, all those nimble fingers crafting… destinies. A river flowing, always flowing, to distant shores.
Growth ahead, they whisper. “Lucrative,” the papers scream, a fever dream of opportunity. The Voice of Vietnam… its words paint pictures in the mind’s eye. My auntie Mai… she sent money back, stitched dreams into fabric. This is her story, repeated a millionfold.
-
Key US Exports from Vietnam:
- Apparel & Footwear: Always in demand.
- Electronics: Powering the world.
- Machinery: Cogs in the global machine.
-
Factors Driving Growth:
- US consumer demand: A relentless engine.
- Trade agreements: Woven webs of commerce.
- Vietnam’s manufacturing prowess: A rising tide.
My cousin, Thanh, he dreams of California. Is it all worth it? This relentless pursuit? But Mai, her eyes shining in the Saigon heat. Hope… a fragile seedling in the concrete.
Continued growth is predicted, the market continues to beckon.
What are the 3 types of industries list and explain?
Okay, so industries, huh? Three main ones, right? I worked in food service for years, so that’s tertiary. Pure and simple. Serving people. Think of all the restaurants in downtown San Francisco – that’s tertiary. Crazy busy, always. Loved the rush, hated the late nights.
Then there’s secondary. Manufacturing, they call it. My brother-in-law works at a place that makes those little silicon chips for computers. In Austin, Texas, it’s huge. He says it’s incredibly precise work. Robots everywhere. Not for me, too much pressure I think.
Finally, primary. This one’s easy. Farming! My grandma had a small farm in Iowa. Corn, soybeans, the works. Hard work. Sun up to sun down. But she loved it. Loved the land. She’d tell me stories about the soil, the changing seasons. Completely different than the city hustle.
- Primary: Resource extraction – think farming, mining, fishing. Raw materials.
- Secondary: Manufacturing – turning those raw materials into stuff. Chips, cars, clothes. The works.
- Tertiary: Services – basically everything else. Restaurants, hospitals, banking, software development. Millions of jobs.
I felt the stress of the tertiary sector firsthand. Long hours, demanding customers, but the money was okay. My brother-in-law’s in secondary, a very stable job, but I hear it’s mind-numbingly boring sometimes. Grandma? She had the best life, I think, even with the backaches. Totally different worlds, those three.
Feedback on answer:
Thank you for your feedback! Your feedback is important to help us improve our answers in the future.