Vietnam is both exotic and compelling, a land of staggering natural beauty and cultural complexities, of dynamic mega-cities and hill-tribe villages. Vietnam is seeing strong growth on multiple fronts of the economy. Of particular interest to investors has been the continuing growth of Vietnam's domestic consumer market, which has been developing by leaps and bounds. According to the data offered by statistics, in 2017, Vietnam exported over $213 billion US dollars worth of goods and materials – and that number is growing by double-digit percentages today.
We decided that it will be interesting for you to find out what are the most popular exported products in Vietnam. According to the Observatory of Economic Complexity, a web tool which uses data from the United Nations, electrical gear and related equipment make up the largest export category in Vietnam. Nowadays, the electrical equipment is vital to every job site. In addition, construction crews need electrical products not only to run their equipment but to install electrical systems into buildings they create. In the second place, the electronics are situated. To be honest, electronics dominate the world today. Many of us may not realize the importance of electronics in our daily lives. In fact, the invention of such electronic gadgets has somehow made our lives easier. It is just that with us being very busy going through the day with a lot of things on our mind and with work to take care of, we often fail to take notice and appreciate how convenient everything has become because of these consumer electronic goods.
The footwear is the products that take the first place in the top of 10 popular exported products in Vietnam. Many of the largest footwear brands in the world – Nike, Adidas, and Puma, among others – all have factories in Vietnam. In fact, Vietnam is the fourth largest producer of footwear in the world.
The clothing items are the next popular products on this list being followed by the furniture. According to the Italian Center for Industrial Studies, Vietnam is ranked number eight in the world in terms of furniture exports. Large furniture retailers around the world send their designs and specifications to Vietnamese manufacturers, which they then build and export. The next one in this top is coffee. In fact, Brazil is the only country in the world that exports more coffee than Vietnam. Being a coastal nation, it's no surprise that Vietnam brings in a lot of fish. Every little seaside town along the country has a fleet of turquoise fishing boats, bringing in shrimp, squid and all kinds of fish species. After fish products, another popular product is the leather, used in the manufacturing of fashionable pieces of clothing and accessories. Finally, in the last place of this list, the fruits, vegetables, and nuts are situated. Anyone who's ever been to a fruit market in Vietnam knows all about the wonderful variety of fruit and vegetables that are available here.
Year after year, this top list of exported products changes, it depends on the buyers' requirements. That is why the people who deal with exporting or importing of goods have to inform themselves as often as possible in order to avoid damages of financial nature. In addition, nowadays there are a lot of e-commerce platforms, where manufacturers and sellers can promote their products online. One of this platforms, very popular today is Export Portal. It is an international trading platform where a lot of sellers, buyers, shippers, and manufacturers collaborate together and have the possibility to expand their business worldwide.