Top Import Trading Partners of Vietnam - Volza

Vietnam's primary import trading partners in 2023 include China (30% of imports, $90 billion), South Korea (18%, $54 billion), Japan (8%, $24 billion), Taiwan (6%, $18 billion), and United States (5%, $15 billion).

Key imports from these countries are machinery, electronics, raw materials, chemicals, and foodstuffs. Trade agreements such as the ASEAN Free Trade Area (AFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) facilitate smoother trade flows.

Vietnam's economic indicators include a GDP growth rate of 6.5% and an inflation rate of 3.8%, influencing its import dynamics. Strategic tariffs, government incentives, and logistical advantages, such as its well-developed port infrastructure, support a balanced trade relationship, making Vietnam a critical import market for these partners. The country's focus on enhancing its manufacturing capabilities and integrating into global supply chains significantly influences its import dynamics.