Vietnam – India trade relations have existed for a long time and are now developing well. Vietnam – India have become important economic partners of each other, two-way trade turnover has grown strongly and sustainably in recent years, especially since the ASEAN Trade in Goods Agreement. – India (AITIG) was signed in 2009. Currently, India is one of the ten largest trading partners of Vietnam.
According to preliminary statistics of the General Department of Vietnam Customs, in 2019, the total turnover of Vietnam’s exports to the Indian market increased slightly by 2.01%, reaching 6.67 billion USD. In December 2019, export turnover decreased by 10.8% compared to the previous month, reaching only 402 million USD.
In the group of exports, there are 2 groups with a large turnover of over US $1 billion: Telephone and accessories reached US $1.27 billion, accounting for 19.08%, up 56.39% over the same period ; computers, electronic products and components reached US $1.14 billion, accounting for 17.14% of the market, up 42.83%.
The turnover growth has to mention 142.31% of rattan, bamboo, rush and carpet products. However, this group only accounts for a small proportion of 0.2%, reaching 13.65 million USD
Goods exported to the Indian market in 2019
(Calculated from figures published on January 13, 2020 of GDC)
Unit: USD
| Commodity | 12/2019 | Compared with 11/2019 (%) | Year 2019 | Compared with year 2018 (%) | Density (%) |
| Total | 402.090.764 | -10,8 | 6.673.912.560 | 2,01 | 100 |
| Smartphones and accessories | 38.839.188 | -40,7 | 1.273.537.930 | 56,39 | 19,08 |
| Computer, electronic products, accessories | 77.761.965 | 12,69 | 1.143.808.619 | 42,83 | 17,14 |
| Machinery, Tools, Spare parts, … | 37.380.596 | -13,53 | 751.946.044 | -55,75 | 11,27 |
| Other common metals and products | 41.826.437 | 7,97 | 567.414.355 | -1,82 | 8,5 |
| Chemical | 37.691.897 | 69,63 | 378.330.100 | 0,24 | 5,67 |
| Steel products | 10.248.766 | 3,97 | 184.507.445 | -1,79 | 2,76 |
| Rubber | 11.419.073 | -19,86 | 180.417.469 | 24,09 | 2,7 |
| Shoes | 11.320.911 | 13,61 | 129.908.862 | 25,3 | 1,95 |
| Fibers and yarns of all kinds | 4.993.736 | -18,38 | 122.864.441 | -6,29 | 1,84 |
| Textiles | 8.630.730 | -1,93 | 102.027.367 | 54,44 | 1,53 |
| Transportation and spare parts | 8.515.567 | -33,04 | 100.440.261 | -43,05 | 1,5 |
| Textile, garment, leather and footwear materials | 8.384.082 | -6,17 | 91.789.127 | 26,36 | 1,38 |
| Chemical products | 6.522.618 | 29,76 | 74.403.182 | 12,47 | 1,11 |
| Products from rubber | 3.315.413 | -28,23 | 67.123.127 | 39,28 | 1,01 |
| Iron steel of all kinds | 3.274.986 | -14,31 | 62.684.285 | -64 | 0,94 |
| Animal feed and raw materials | 2.196.368 | -33,55 | 59.663.651 | -7,17 | 0,89 |
| Coffee | 4.906.108 | 10,83 | 59.382.571 | -37,94 | 0,89 |
| Pepper | 2.381.270 | -25,38 | 48.811.588 | -22,06 | 0,73 |
| Plastic materials | 2.129.333 | -35,39 | 43.614.299 | 37,51 | 0,65 |
| Wood and wood products | 2.553.327 | -16,37 | 36.192.822 | -22,15 | 0,54 |
| Aquatic product | 2.091.230 | 11,85 | 25.479.178 | -9,16 | 0,38 |
| Cashew | 1.896.050 | -4,44 | 17.812.892 | -48,92 | 0,27 |
| Rattan, bamboo, rush and carpet products | 1.806.156 | 4,45 | 13.656.727 | 142,31 | 0,2 |
| Products from rubber | 525.231 | -26,93 | 9.518.998 | -8,17 | 0,14 |
| Coal of all kinds | 4.605.366 | -69,5 | 0,07 | ||
| Ceramic products | 332.002 | 82,77 | 2.909.032 | -3,27 | 0,04 |
| Tea | 192.986 | 12,79 | 1.431.274 | 58,03 | 0,02 |
| Confectionery and cereal products | 156.564 | 42,1 | 1.369.175 | 62,56 | 0,02 |
| Other goods | 70.798.174 | -31,47 | 1.118.262.373 | 16,76 |
Sources: VITIC
- According to statistics of the General Department of Customs, the total import turnover of goods from the Indian market in 2019 increased quite 9.41% compared to last year to reach 4.53 billion USD.
Goods imported from the Indian market in 2019
(Calculated from figures published on January 13, 2020 of GDC)
Unit: USD
| Commodity | 12/2019 | Compared with 11/2019 (%) | Year 2019 | Compared with year 2018 (%) | Density (%) |
| Total | 484.252.473 | 11,08 | 4.537.649.436 | 9,41 | 100 |
| Iron steel of all kinds | 142.421.345 | -15,01 | 1.100.501.291 | 180,3 | 24,25 |
| Machinery, Tools, Spare parts, … | 30.196.557 | 37,36 | 412.009.526 | -14,48 | 9,08 |
| Phamarceutical product | 32.155.548 | 42,73 | 254.630.842 | -2,16 | 5,61 |
| Aquatic product | 22.512.503 | 46,77 | 201.542.229 | -41,51 | 4,44 |
| Chemical | 16.688.531 | -4,73 | 184.478.503 | 14,19 | 4,07 |
| Car components, spare parts | 7.295.229 | -52,86 | 175.245.257 | 14,72 | 3,86 |
| Cotton of all kinds | 7.604.225 | 123,53 | 162.303.567 | -58,44 | 3,58 |
| Precious stones, precious metals and products | 16.622.361 | 11,14 | 160.331.410 | -3,3 | 3,53 |
| Animal feed and raw materials | 4.173.812 | -28,32 | 159.151.367 | -20,67 | 3,51 |
| Rubber materials | 19.093.152 | 55,71 | 147.384.560 | -24 | 3,25 |
| Chemical product | 10.753.648 | 15,42 | 114.241.774 | 5,74 | 2,52 |
| Textile, garment, leather and footwear materials | 7.323.624 | -14,65 | 102.353.431 | -17,28 | 2,26 |
| Other common metals | 10.923.235 | -0,7 | 101.529.908 | -14,4 | 2,24 |
| Fibers and yarns of all kinds | 8.229.531 | -4,97 | 100.866.931 | -29,45 | 2,22 |
| Pesticides and raw materials | 7.523.619 | 13,77 | 77.332.806 | -0,57 | 1,7 |
| Fabric of all kinds | 5.645.191 | -17,34 | 69.855.788 | 1,6 | 1,54 |
| Car of all kinds | 9.800.000 | 84,67 | 67.578.046 | 853,75 | 1,49 |
| Pharmaceutical raw materials | 4.590.062 | 8 | 65.067.013 | -1,48 | 1,43 |
| Computers, electronic products and components | 1.440.047 | 51,31 | 58.748.656 | 92,29 | 1,29 |
| Paper of all kinds | 4.872.746 | 51,72 | 42.103.434 | -7,37 | 0,93 |
| Vegetable fruit | 1.405.465 | -36,74 | 31.876.963 | -18,64 | 0,7 |
| Product from iron steel | 2.807.916 | 38,57 | 31.630.607 | 9,65 | 0,7 |
| Ores and other minerals | 2.869.921 | -55,48 | 30.411.387 | -41,9 | 0,67 |
| Product from plastic | 2.053.290 | 60,23 | 18.647.075 | 17,51 | 0,41 |
| Tobacco raw materials | 2.996.558 | 233,38 | 15.975.116 | 8,59 | 0,35 |
| Product from rubber | 968.482 | 35,94 | 9.595.688 | 0,97 | 0,21 |
| Other products from petroleum | 717.603 | -10,95 | 9.094.355 | -17,97 | 0,2 |
| Animal and vegetable fats and oils | 545.392 | 14,83 | 4.906.513 | -24,86 | 0,11 |
| Fertilizers of all kinds | 451.343 | -35,17 | 4.546.628 | 3,63 | 0,1 |
| Corn | 33.670 | -51,34 | 1.527.191 | -93,86 | 0,03 |
| Wheat | 325.338 | 1092,15 | 0,01 | ||
| Other goods | 99.537.870 | 69,43 | 621.856.233 | 13,7 |
