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Export

Despite the global turbulence in 2012, Vietnam export is still on the rise. It in part reflects the increasing competitiveness of Vietnam in the global economy. The value of goods exported in 2012 reached US$115 billion, an increase of 18% from 2011. It is mostly driven by the growth in FDI. FDI increases by 31% amounting to US$72 billion.

 

Vietnam’s export basket has seen a significant transformation in the past 10 years. Crude oil and agriculture including rice accounting for 44% of Vietnam’s total export value in 2002 saw their share increase to 19% in 2012. During the same period, the share of manufacturing exports (garments and footwear) fell from 27% to 20%. Hi-value export items, which had a negligible share in 2002, now account for more than a fifth of Vietnam’s total exports.

 

Vietnam Export Structure Change during 10 Years

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Source: General Department of Customs, General Statistics Office, the World Bank


 

Vietnam export market during 10 years


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Source: General Department of Customs, General statistics Office, the World Bank


 

Vietnam’s top 10 export markets in the first 6 months of 2013


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Source: General Department of Vietnam Customs


 

Vietnam’s top 10 export products in the first 6 months of 2013


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Source: General Department of Vietnam Customs

 
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