For many years, Germany has maintained its position as the largest import market in the European Union (EU). According to statistics of the General Department of Customs, the total import turnover of Vietnam’s goods from Germany in 2019 reached US $3.69 billion, a slight decrease of 3.26% compared to last year.
Machinery, equipment, tools and other spare parts accounted for the largest import market share from this market, with 47.11% reaching US $ 1.74 billion, down 9.54% over the same period. Nextare 4 commodity groups with a turnover of hundreds of millions of USD: Pharmaceuticals with 325.2 million USD; chemical products reached 200.53 million USD; automobile components and spare parts reaching 155.19 million USD; plastic materials reached 134.9 million USD.
There are many groups of goods with the import turnover of tens of millions of USD, of which the cars of all kinds have the strongest growth rate of 100.16%, reaching 90.64 million USD; other common metal products saw an increase of 73.66% to 15.97 million USD; other transportation and spare parts increased by 62.32% to 46.85 million USD.
Turnover of less than USD 10 million has 7 commodity groups, of which only paper product group increases slightly by 7.44% to USD 6.5 million, the remaining groups have turnover decreased over the same period.
GOOD IMPORTED FROM GERMAN MARKET IN 2019
(Calculated from data published on 13/01/2020 by GDC)
|Commodity||12/2019||Compared with 11/2019 (%)||Year 2019||Compared with year 2018 (%)||Density
|Total import turnover||335.582.426||11,84||3.696.763.014||-3,26||100|
|Machinery, Tools, Spare parts, …||169.319.660||22,1||1.741.479.890||-9,54||47,11|
|Components, auto parts||10.786.534||-41,51||155.199.687||-10,12||4,2|
|Cars of all kinds||2.480.569||-60,2||90.643.845||100,16||2,45|
|Computers, electronic products and components||7.266.209||8,66||79.575.567||14,43||2,15|
|Products from iron steel||6.161.373||-11,3||72.654.280||12,51||1,97|
|Products from plastic||7.528.144||29,69||72.603.510||24,7||1,96|
|Wood and wood products||3.367.069||-7,71||67.744.098||0,85||1,83|
|Milk and milk products||4.238.653||-0,71||47.768.911||-18,05||1,29|
|Iron steel all of kinds||2.281.524||-21,66||47.592.600||25,74||1,29|
|Transportation and spare parts||3.155.987||34,67||46.853.201||62,32||1,27|
|Textile, garment, leather and footwear materials||3.149.043||59,54||44.394.838||43,36||1,2|
|Pesticides and raw materials||1.796.723||50,41||38.309.513||-47,41||1,04|
|Fabrics of all kinds||2.294.416||5,16||32.160.594||-15,63||0,87|
|Products from rubber||2.124.385||-3,88||23.899.242||-4,74||0,65|
|Products from other common metals||994.174||-6,07||15.977.545||73,66||0,43|
|Other food preparations||1.283.488||8,13||15.609.115||8,03||0,42|
|Paper of all kinds||705.770||-23,78||15.490.699||17,01||0,42|
|Other common metals||1.643.145||17,59||14.201.438||-9,02||0,38|
|Aromatic substances, cosmetics and toilet preparations||1.056.105||-30,3||13.168.776||-8,31||0,36|
|Other products from petroleum||832.189||-22,13||10.745.549||18,82||0,29|
|Wires and cables||1.453.942||78,56||10.635.791||-33,29||0,29|
|Pharmaceutical raw materials||204.691||-69,75||10.373.511||-17,43||0,28|
|Cattle-feed and raw materials||579.004||-8,85||9.893.984||-3,56||0,27|
|Confectionery and cereal products||1.263.669||-20,63||8.277.144||-0,94||0,22|
|Fertilizers of all kinds||445.839||-69,78||7.492.523||-56,81||0,2|
|Products from paper||253.596||-53||6.505.241||7,44||0,18|
|Ores and other minerals||182.290||156,7||4.497.458||-26,82||0,12|
|Tobacco raw materials||-100||150.213||-8,78||0|
According to the statistics of the General Department of Vietnam Customs, the total export turnover of goods to the German market in 2019 decreased slightly by 4.57% compared to last year to US $ 6.55 billion.
There are two groups of goods valued at more than US $ 1 billion, accounting for the major market share of total exports to this market. Mobile phones and components accounted for 25.28% of the proportion, reaching 1.65 billion USD, down 14.72% compared to last year; footwear of all kinds has a market share of 15.34% reaching over US $ 1 billion, up 6.53% over the same period.
Reaching an export value of over 500 million USD, there are two groups: Textile and garment products reaching 808.12 million USD, up 1.35%; computers, electronic products and components reached 522.6 million USD, down 13.76 compared to 2018. In addition, there are 8 other commodity groups with export value of the whole year 2019 reaching hundreds of million USD, most of are slightly up compared with last year.
Paper and paper products are commodity groups with a small proportion of 0.09% reaching US $5.91 million but with a strong growth of 169.2% over the same period. The tea with the lowest export value is only USD 706,797, a sharp decrease of 63.91% compared to 2018.
GOODS EXPORTED TO GERMAN MARKET IN 2019
(Calculated from data published on 13/01/2020 by GDC)
|Commodity||12/2019||Compared with 11/2019 (%)||Year 2019||Compared with year 2018 (%)||Density (%)|
|Total export turnover||538.497.781||-3,53||6.555.170.008||-4,57||100|
|Smartphones and accessories||61.374.878||-45,14||1.657.450.310||-14,72||25,28|
|Shoes of all kinds||103.451.472||3,24||1.005.675.619||6,53||15,34|
|Computers,electronic produtcs and components||30.912.997||-41,16||522.601.686||-13,76||7,97|
|Machinery, Tools, Spare parts, …||47.340.892||-4,16||427.151.749||5,98||6,52|
|Bags, wallets, suitcases, umbrellas||18.067.762||-12,81||193.726.374||14,12||2,96|
|Products from plastic||13.224.970||25,31||135.455.400||11,55||2,07|
|Wood and wood products||16.568.476||61,69||117.705.497||9,31||1,8|
|Products from iron steel||9.498.990||26,86||107.809.902||-1,71||1,64|
|Transportation and spare parts||10.352.295||79,46||97.839.428||-11,29||1,49|
|Toys, sports equipment and parts||5.392.336||44,8||57.140.462||-9,42||0,87|
|Products from rubber||2.655.639||28,14||30.292.431||-15,35||0,46|
|Rattan, bamboo, rush and carpet products||3.442.247||41,89||29.900.217||4,69||0,46|
|Confectionery and cereal products||2.310.449||21,83||26.489.237||-1,56||0,4|
|Textile, garment, leather and footwear materials||1.416.993||-49,43||22.612.664||7,59||0,34|
|Vegetable fruit goods||2.285.214||19,32||18.921.541||6,26||0,29|
|Other common metals and products||1.788.700||85,19||14.635.355||11,83||0,22|
|Paper and paper products||687.070||129,91||5.918.480||169,2||0,09|
|Precious stones, precious metals and products||269.927||-29,63||3.372.703||-28,44||0,05|
|Cameras, camcorders and components||156.727||-57,09||1.866.187||-64,97||0,03|
Turnover import – export between Vietnam –Germany in period 2015 – 2019