Highest Value Vietnamese Export Products

Hanoi at night, Vietnam's capital

Hanoi, Vietnam’s capital

Leather, textile and rubber or plastic footwear are among the 20 highest value Vietnamese export products in 2016.

The most valuable Vietnamese exports also include hi-tech products such as mobile phones, computers and computer accessories. Crude oil is another area where Vietnam’s supply exceeds domestic demand and generates product-level surpluses, as is the case for both men’s and women’s clothing.

The following list shows on which product categories Vietnamese exporters spent the most. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.

This level of granularity can help entrepreneurs identify more precisely which products in which Vietnam has strong demand but competitive disadvantages compared with other nations. Innovation can transform these disadvantages into lucrative business opportunities.

Highest Value Vietnamese Export Products

Below are the 20 highest value export products delivered to Vietnamese exporters in 2016. Shown within brackets is the change in value for each exported product since 2009.

  1. Phone system devices including smartphones: US$40.8 billion (up 6,776% since 2009)
  2. Integrated circuits/microassemblies: $14.6 billion (up 8,275%)
  3. Footwear (textile): $7.8 billion (up 614.1%)
  4. Footwear (leather): $5.9 billion (up 188.8%)
  5. Miscellaneous furniture: $5.3 billion (up 205.4%)
  6. Computers, optical readers: $4.0 billion (up 4,211%)
  7. Footwear (rubber or plastic): $3.7 billion (up 336.4%)
  8. Cases, handbags, wallets: $3.6 billion (up 507.6%)
  9. Coffee: $3.2 billion (up 85.6%)
  10. Jerseys, pullovers (knit or crochet): $3.2 billion (up 182.3%)
  11. Printing machinery: $3.2 billion (up 143.1%)
  12. Insulated wire/cable: $3.1 billion (up 245.7%)
  13. TV/radio/radar device parts: $2.9 billion (up 2,100%)
  14. Women’s clothing (not knit or crochet): $2.8 billion (up 107.6%)
  15. Crude oil: $2.6 billion (down -57.9%)
  16. TV receiver/transmit/digital cameras: $2.6 billion (up 612.9%)
  17. Men’s suits, trousers (not knit or crochet): $2.4 billion (up 116.0%)
  18. Coconuts, Brazil nuts and cashews: $2.3 billion (up 164.6%)
  19. Seats (excluding barber/dentist chairs): $2.3 billion (up 262.8%)
  20. Microphones/headphones/amps: $2.3 billion (up 606.1%)









 
Among these product categories, integrated circuits and microassemblies posted the greatest increase in Vietnamese export sales with an 8,275% gain in value from 2009 to 2016.

In second place were exported phone system devices including smartphones which expanded 6,776% over the same 7-year period.

Vietnamese exports of computers and optical readers also showed an impressive gain in 2016 up by 4,211%, followed by export sales of TV, radio or radar device parts up by 2,100%. Exported textile footwear appreciated by 614.1%.

The only top export product to decline was crude oil which fell by -57.9% since 2009.

See also Vietnam’s Top 10 Exports, Vietnam’s Top 10 Imports and Highest Value Vietnamese Import Products

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 23, 2017

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on April 23, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 23, 2017