The Import – Export Turnover between Vietnam – India

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