Vietnam

Vietnam — Global Import Market

Vietnam is one of the world's fastest-growing importers, bringing in roughly US$ 350 billion in goods each year. As a rising manufacturing and export hub, it imports large volumes of electronics, machinery, fabrics, steel, and components to feed its factories.

Vietnam — Global Import Market

Market overview — imports by volume

Goods imports:

~US$ 350 billion per year (world top 20)

Global share of imports:

~1.4%

Import reliance:

heavy on machinery, electronics, and production inputs

Notable:

one of the fastest-growing import markets in the world

Top 10 imported items by value

1. Electrical machinery & electronics

2. Machinery & mechanical appliances

3. Textile fabrics & materials

4. Iron & steel

5. Plastics & articles

6. Chemical products

7. Mineral fuels & oils

8. Vehicle parts

9. Food & beverages

10. Precision & measuring instruments

What this means for Canadian exporters

Vietnam is a fast-growing, low-barrier import market for Canadian exporters of food, raw materials, and industrial inputs. As a CPTPP partner, Canada enjoys preferential access that makes Vietnam a practical and growing target for non-US diversification.

Related: Explore the top 20 global import markets