What is Vietnam Import Data? How Vietnam Customs Data is Useful?
21 July 2018
Vietnam import data is a valid key to study trade market of
Vietnam. The success of business undertakings depends on the quality and
reliability of trade data so it is considered as the valid key to success for
trade business. The import data also provide the tariff charges, transportation
charges, FOB value and elements of all taxes applicable to different imported
products.
Import data of
Vietnam is provided by Export Genius based and compiled from import bill
details which are a set of Vietnam custom details. It covers all the
information of cargo shipments that enter into Vietnam. Let’s take a
comprehensive look at the definition and benefits of Vietnam import data.
Highlights of Vietnam Imports in 2017
What is Vietnam Import Data?
Vietnam import data is a set of information associated with
entire import taking place throughout the year. It helps in analysing each and
every fluctuation in global import business and also helps in understanding the
trends of trade market and demands of commodities. The traders can make immense
profits and expand their business at higher level with the help of import data.
The accurate import data is very vital for importers
community in order to collect all the information and particulars about all the
goods being sold in the global market that can play a crucial part in their
business development. Export Genius Vietnam Import Data is best in the market
due to the following reasons.
·
It is updated on the monthly basis
·
It is released without any discrepancy.
·
It is customized and analyzed by various data
segments.
Importance of Vietnam Import Data for Business Growth
For Vietnamese buyers and foreign suppliers, Vietnam import
data plays very crucial role in running a business at the international level. It
shows the present demand in the trade market and helps to know the fluctuation
in market trends by product. The import data is the major source of global
market analysis and the only medium to analyse the market trends and demand of
various goods in global market so the significance of data is very high at the
international level.
The data will reduce business risks and keep your business
away from frauds. It helps to analyse the market of Vietnam to generate new
business leads. It will also to identify the potential buyers of your product
in the Vietnamese market.
Who can use the
Vietnam Import Data?
Vietnam Importers – Know
the demand in their local market and know who can be the best suppliers for
their product.
Foreign Exporters – Find
active and genuine buyers in Vietnam and make a right choice of buyers to
export products.
Logistics Companies –
They can find new customers by getting information about traders in import
data.
Research Agencies – They
can come up with new findings by gathering information about target markets and
better market conclusions.
How Vietnam Import Data is collected?
We collect Vietnam import data from various trustworthy sources
such as shipping companies, Vietnamese ports and government authorities. It is
based on actual shipment records and very authentic in nature. It is prepared
after reviewing shipments that enter into Vietnam through land, air or sea
ports from any part of the world.
In which format, the shipments of Vietnam import data are provided?
Vietnam import data covers all major data fields such as date of shipment, HS code, Product Description, Quantity, Price, Payment, Company Code, Port of Loading and Discharge, Country of Origin and Destination, Importers, Exporters and Method of Transport.
Sample of Vietnam Import Data
For the reference, check the sample below and take a fair
idea about major data fields that we cover in Vietnam import data.
Date |
01 October 2017 |
HS
Code |
85152100 |
Product
Description |
Welder CT33100 new goods 100% |
Quantity |
72 pieces |
Total
value |
USD 4975 |
Vietnam
Importer Company |
Kim Tin Investment Corporation |
Exporter
Company |
Zhejiang Gosail Trading Co., Ltd |
Import
Port |
Cat Lai Port |
Export
Port |
Ningbo |
Import
Country |
Vietnam |
Export
Country |
China |
Last 10 Years Import Statistics of Vietnam
According to Vietnam
trade statistics, Vietnam has recorded the highest imports in 2017 (USD 235
billion) as compared to last ten years. Refer the below table to know Vietnam
import statistics of last ten years.
Year |
Value (USD Billion) |
2017 |
235 |
2016 |
201 |
2015 |
192 |
2014 |
179 |
2013 |
157 |
2012 |
126 |
2011 |
116 |
2010 |
91 |
2009 |
71 |
2008 |
75 |
Top Five Industries of Vietnam imports
The commodities come under electrical machinery product
group have been demanded most in the Vietnamese market. Vietnam imports of electrical machinery worth USD 60830 million in
2017 and the main imports are electronic integrated circuits, telephone sets
and printed circuits in this category. Machinery, plastics, mineral fuels &
oils and iron & steel are other largest imports of the country. Let’s check
the HS Code and statistics given in the table below.
HS Code |
Product |
Value (USD Million) |
HS Code 85 |
Electrical Machinery |
60830 |
HS Code 84 |
Machinery |
25468 |
HS Code 39 |
Plastics |
11805 |
HS Code 27 |
Mineral fuels & oils |
10597 |
HS Code 72 |
Iron and Steel |
10487 |
Top 10 Goods Import Sources of Vietnam
According to Vietnam import data, it is recorded that
Vietnam is importing commodities from more than 130 countries around the world.
China, Korea, Japan, Singapore, Thailand, Taipei, Honk Kong, USA, India and
Malaysia are the top import sources of Vietnam. Check their import values and
share values recorded during 2017.
Country |
Value in USD Million |
Share Value |
China |
72.11 |
30.6% |
Korea |
47.74 |
20.2% |
Japan |
15.05 |
6.4% |
Singapore |
12.29 |
5.2% |
Thailand |
11.60 |
4.9% |
Taipei |
10.51 |
4.5% |
Hong Kong |
10.28 |
4.4% |
USA |
8.16 |
3.5% |
India |
8.11 |
3.4% |
Malaysia |
6.38 |
2.7% |
We at Export Genius are the expertise of global trade data. Doing
business without data is like driving with your closed eyes. Without research
based data, it is difficult to take progressive decisions in the business. Apart
from trade data of Vietnam, we also provide trade data of over 60 countries.
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