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CARGO TRANSPORTATION LANE VIETNAM – SINGAPORE
Vietnam and Singapore are important trading partners. In this article, HP Global overview some key points related to transportation of cargo import from Singapore to Vietnam and export from Vietnam to Singapore
Trade Turnover Vietnam – Singapore Annually
Import – Export Turnover Vietnam – Singapore
Period 2014 – 2023
Unit: Million USD
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Export (from Vietnam) | 2,944.01 | 3,263.29 | 2,419.89 | 2,987.20 | 3,195.88 | 3,205.82 | 3,022.81 | 3,943.39 | 4,315.61 | 4,384.63 |
| Import | 6,838.85 | 6,037.09 | 4,762.80 | 5,316.33 | 4,526.71 | 4,141.80 | 3,669.17 | 4,259.74 | 4,836.65 | 4,709.71 |
| Total trade | 9,782.86 | 9,300.38 | 7,182.69 | 8,303.53 | 7,722.59 | 7,347.62 | 6,691.98 | 8,203.14 | 9,152.26 | 9,094.34 |
| Trade Balance | (3,894.84) | (2,773.80) | (2,342.91) | (2,329.13) | (1,330.83) | (935.99) | (646.36) | (316.35) | (521.04) | (325.08) |
Source: Re-arrange from Statistics of Vietnam Customs Department
Export Turnover from Vietnam to Singapore per Commodities
Which commodities that Vietnam export to Singapore?
Export value from Vietnam to Singapore:
|
Commodity
|
Units
|
6 months 2023 | 6 months 2024 |
Compare turnover (%)
|
||
| Volume | Value (USD) | Volume | Value (USD) | |||
| Singapore | 2.013.740.772 | 2.494.377.779 | 124% | |||
| Fishery products | USD | 46.229.967 | 42.814.335 | 93% | ||
| Fruits and vegetables | USD | 19.219.472 | 19.891.930 | 103% | ||
| Cashew nut | Ton | 540 | 3.369.769 | 563 | 3.237.320 | 96% |
| Coffee | Ton | 660 | 3.159.687 | 804 | 3.946.880 | 125% |
| Pepper | Ton | 276 | 1.084.331 | 297 | 1.556.112 | 144% |
| Rice | Ton | 63.345 | 36.491.198 | 91.6 | 59.744.716 | 164% |
| Pastrycooks, sweets and cereals products | USD | 8.969.960 | 8.976.064 | 100% | ||
| Animal fodders and animal fodder materials | USD | 636.759 | 558.916 | 88% | ||
| Crude oil | Ton | 39.474 | 26.327.010 | 156.739 | 109.644.683 | 416% |
| Petroleum products | Ton | 114.022 | 63.853.777 | 125.478 | 79.432.129 | 124% |
| Chemical products | USD | 21.324.341 | 16.942.297 | 79% | ||
| Plastics | Ton | 1.369 | 2.426.611 | 1.355 | 2.344.377 | 97% |
| Plastic products | USD | 10.981.558 | 10.177.964 | 93% | ||
| Rubber | Ton | 195 | 387.730 | 181 | 329.213 | 85% |
| Rubber products | USD | 1.287.828 | 1.924.626 | 149% | ||
| Handbags, purses, suit-cases, headgear and umbrellas | USD | 10.411.092 | 18.690.826 | 180% | ||
| Wood and wooden products | USD | 19.011.294 | 17.261.298 | 91% | ||
| Paper and paper products | USD | 19.282.315 | 13.869.079 | 72% | ||
| Textiles and garments | USD | 57.156.922 | 57.102.443 | 100% | ||
| Foot-wears | USD | 66.820.633 | 60.821.262 | 91% | ||
| Ceramic products | USD | 1.652.386 | 1.233.746 | 75% | ||
| Glass and glassware | USD | 174.478.756 | 249.333.185 | 143% | ||
| Iron and steel | Ton | 64.617 | 41.723.183 | 124.551 | 68.103.322 | 163% |
| Iron and steel products | USD | 30.340.671 | 13.028.326 | 43% | ||
| Other base metals and other base metal products | USD | 14.644.894 | 10.760.042 | 73% | ||
| Computers, electrical products, spare-parts and components thereof | USD | 359.963.272 | 503.827.689 | 140% | ||
| Telephones, mobile phones and parts thereof | USD | 127.939.312 | 181.183.496 | 142% | ||
| Machine, equipment, tools and instruments | USD | 396.410.130 | 422.263.884 | 107% | ||
| Insulated wires and cables | USD | 31.526.817 | 27.987.897 | 89% | ||
| Other means of transportation, parts and accessories thereof | USD | 203.903.468 | 268.278.341 | 132% | ||
| Toys and sports requisites; parts and accessories thereof | USD | 3.684.925 | 3.831.606 | 104% | ||
| Other products | USD | 209.040.704 | 215.279.777 | 103% | ||
Source: Statistics from Vietnam Customs Department
Import Turnover from Singapore to Vietnam per Commodities
Which commodities that Vietnam import from Singapore?
Import value from Singapore to Vietnam:
|
Commodity
|
Units
|
6 months 2023 | 6 months 2024 |
Compare turnover (%)
|
||
| Volume | Value (USD) | Volume | Value (USD) | |||
| Singapore | 2.504.642.192 | 2.484.816.748 | 99% | |||
| Fishery products | USD | 5.767.915 | 523.836 | 9% | ||
| Milk and milk products | USD | 23.388.041 | 21.934.221 | 94% | ||
| Animal, vegetable fats and oils | USD | 1.343.582 | 1.853.516 | 138% | ||
| Pastrycooks, sweets and cereal products | USD | 5.379.350 | 5.788.447 | 108% | ||
| Other edible food preparations | USD | 121.425.594 | 136.138.171 | 112% | ||
| Animal fodders and animal fodder materials | USD | 10.212.881 | 10.798.338 | 106% | ||
| Ores and other minerals product | Ton | 2.005 | 3.203.595 | 623 | 976.374 | 30% |
| Petroleum products | Ton | 1.361.889 | 1.109.822.043 | 1.258.235 | 1.060.737.103 | 96% |
| Other petroleum products | USD | 194.415.354 | 166.150.668 | 85% | ||
| Chemicals | USD | 124.782.928 | 151.667.265 | 122% | ||
| Chemical products | USD | 112.881.291 | 107.820.264 | 96% | ||
| Pharmaceutical materials | USD | 1.484.196 | 1.192.454 | 80% | ||
| Pharmaceutical products | USD | 9.265.151 | 3.462.692 | 37% | ||
| Essential oils and resinoids; perfumery, cosmetic or toilet preparations | USD | 198.432.897 | 199.871.802 | 101% | ||
| Insecticides, rodenticides and materials | USD | 24.841.716 | 40.199.383 | 162% | ||
| Plastics | Ton | 74.441 | 121.379.711 | 89.979 | 140.853.973 | 116% |
| Plastic products | USD | 8.715.459 | 11.972.393 | 137% | ||
| Rubber products | USD | 1.589.941 | 833.293 | 52% | ||
| Paper | Ton | 8.674 | 21.952.434 | 6.889 | 19.452.451 | 89% |
| Paper products | USD | 2.202.301 | 566.590 | 26% | ||
| Fabrics | USD | 223.612 | 222.555 | 100% | ||
| Textile, leather and foot-wear materials and auxiliaries | USD | 620.273 | 196.305 | 32% | ||
| Ferrous waste and scrap | Ton | 69.049 | 30.019.613 | 26.595 | 10.986.200 | 37% |
| Iron and steel | Ton | 829 | 1.048.861 | 455 | 447.344 | 43% |
| Iron and steel products | USD | 7.513.494 | 8.738.340 | 116% | ||
| Other base metals | Ton | 699 | 4.523.768 | 474 | 2.948.025 | 65% |
| Other base metal products | USD | 2.387.468 | 1.610.434 | 67% | ||
| Computers, electrical products, spare-parts and components thereof | USD | 193.545.978 | 216.214.702 | 112% | ||
| Machine, equipment, tools and instruments | USD | 113.152.351 | 94.837.602 | 84% | ||
| Insulated wires and cables | USD | 1.111.421 | 625.352 | 56% | ||
| Other means of transportation, parts and accessories thereof | USD | 356.913 | 92.232 | 26% | ||
| Other products | USD | 47.652.060 | 65.104.424 | 137% | ||
Source: Statistics from Vietnam Customs Department
Shipping Time Vietnam Singapore
Name of ports/airport and shipping times between Vietnam – Singapore
-> See the Article: Cargo Shipping Vietnam – Singapore
Trade relations between Vietnam and Singapore
HP Global Logistics offers tax consultation services, import procedures, and customs services for the import and export of goods in Vietnam Singapore. For inquiries, please contact our hotline at +84 886 115 726 or +84 984 870 199.
Vietnam and Singapore established diplomatic relations on August 1st 1973. After Vietnam joined the Bali Treaty (July 1992) and became a full member of the ASEAN in July 1995, the bilateral relations entered a new stage of development which is more productive and fruitful.
Vietnam and Singapore are both members of ASEAN, therefore importers from two countries can enjoy special preferential import duty to 0% for many commodities under the ASEAN Trade in Goods Agreement
Besides FTAs that Vietnam and Singapore join as members of ASEAN, the two countries are members of CPTPP và RCEP
>> To check the updated legal documents related to special preferential import duty under the above FTA, see the below article: List of FTA Vietnam Joined
→ To check the updated trade relations (MFN, FTAs) between Vietnam and Singapore at the article: Overview Of Trade Relations Between Vietnam And The World
Check import/export duty to/from Vietnam?
To check the update import duty / export duty for cargo import to / export from Vietnam to Singapore, you can contact HP Global via email info@hpgloballtd.com or hotline ++84 886115726 / ++84 984870199 or search on website hptoancau.com as instructed in the image below
Select HP Global as the freight forwarder for your shipments Vietnam – Singapore
HP Global is a freight forwarder with a top reputation in Vietnam.
→ Contact us for freight and inbound and outbound services for shipments to/from Vietnam – Email: info@hpgloballtd.com
Logistics HP Global Vietnam
Freight forwarder, Customs Broker and Vietnam Import/export license
Building No. 13, Lane 03, N003, Van Khe, La Khe, Ha Dong, Hanoi
Website: hpgloballtd.com / hptoancau.com
Email: info@hpgloballtd.com
Phone: ++84 24 73008608 / Hotline: ++84 984870199/ ++84 8 8611 5726/ Whatsapp: ++84 865996476
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