Vietnam top 10 export to united arab emirates năm 2024

In 2015, major countries to which Vietnam Exported include United States, China, Japan, Korea, Rep. and Hong Kong, China

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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The total trade turnover between Vietnam and the United Arab Emirates (UAE) in the first two months of this year increased 58 per cent over the same period last year.

The UAE is considered a gateway to the Middle East and Africa for Vietnamese goods

Citing data from the General Department of Vietnam Customs, the total export turnover between the two sides in the first two months reached $809 million, up 58 per cent compared to the same period last year.

In particular, Vietnam's export turnover to the UAE reached nearly $737 million, up nearly 60 per cent. Imports reached $72 million, up 44 per cent.

According to the Ministry of Industry and Trade, the UAE is one of the 10 largest export partners of Vietnam globally, as well as the largest export partner of Vietnam in the Middle East and Africa. Vietnam has always been running a trade surplus towards this market.

Specifically, phones and accessories are still the main export items of Vietnam to the UAE, reaching $551 million, up nearly 108 per cent over the same period last year, and accounting for two-thirds of the total export turnover.

All agricultural and aquatic products have positive growth. Of this, cashew nuts reached $10.3 million, nearly six times as much as same period last year; seafood reached $10.6 million, up 18 per cent; and vegetables and fruits reached $7.5 million, up 12 per cent. These are all key export commodities of Vietnam, with high added value as well as sustainability in exports.

Meanwhile, due to the influence of COVID-19, the turnover of goods such as footwear and textiles decreased, reaching $14 million and $11 million, down 23 and 11 per cent, respectively.

Regarding the structure of imported goods, most of Vietnam's main imports from the UAE have grown well. Of this, plastic raw materials, a major import item, reached $41.8 million, up 66 per cent over the same period last year. Animal feed and raw materials reached $8.7 million, up 9 per cent. Among imported products, only petroleum products saw a decrease in turnover, reaching only $2.5 million in the first two months.

According to the Vietnam Trade Office in the UAE, the UAE is considered a gateway to penetrate the Middle East and Africa, Vietnamese goods exported to this market will have more opportunities to export goods to other countries.

An online workshop discussing measures to further promote the export of potential products to Africa and the Middle East was held by the Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency on November 23.

Addressing the event, Nguyen Minh Phuong, head of the West Asia – Africa Office under the MoIT 's Department of Asia – Africa Markets noted that Middle East countries must import up to 80% of food and foodstuffs, equivalent to 40 billion USD each year, while African countries also import goods with similar value every year. Notably, the requirements for quality and product design of these markets are not too strict.

Truong Xuan Trung, who is in charge of the Vietnam Trade Office in the United Arab Emirates (UAE), said all Vietnamese goods can be exported to this market if they meet standards, noting that the UAE is also a regional and global transit centre, so there is potential to re-export goods from this market.

According to Trung, Vietnam is the largest exporter of agricultural products to the UAE among ASEAN countries. In the first 10 months of 2023, Vietnam's export of cashew nuts, rice, fruits and vegetables, and tea increased by 60%, 30.9%, 18% and 15.4%, respectively.

Notably, agricultural products exported to the UAE are not yet subject to taxes, therefore, Vietnamese goods, even without the geographical advantage, can still compete in this market, Trung noted.

Furthermore, the UAE is a member of the Gulf Cooperation Council (GCC), so Vietnamese goods exported to the UAE and re-exported to other GCC countries are not subject to double tax.

Nguyen Duy Hung from the Vietnam Trade Office in Egypt said agricultural products including tea, pepper, cashew nuts, coconut rice, coffee, and seafood are the main exports of Vietnam to Egypt. However, these products are facing fierce competition from similar goods from other countries.

A representative of the Vietnam Trade Office in Nigeria emphasised that as the most populous country in Africa and the fastest-growing consumer market in the world, Nigeria is a potential market for Vietnamese goods. The country’s consumption growth is predicted to surge by 150% to 603 billion USD in 2030 from 240 billion USD in 2023. Nigeria is also forecast to be the world's largest rice importer in 2024 with a total volume of about 2.1 million tonnes.

Speakers advised domestic exporters to be cautious in trade transactions with partners in Africa and the Middle East, saying that the risk in payment is the most important issue to pay heed to.

Businesses should choose a safe payment method such as a letter of credit (L/C) to avoid fraud, they said./.

What is the top export from Vietnam?

The top Vietnam products as per the export data in 2022 include:.

Phones and Accessories ($57.99 billion).

Computers and Electronic products ($55.54 billion).

Machinery and Equipment ($45.75 billion).

Textiles and garments ($37.57 billion).

Footwear ($23.90 billion).

Wood and wooden products ($16.01 billion).

Who is Vietnam's largest trading partner?

China remains Vietnam's largest trading partner, a dynamic relationship that continued to evolve in 2022.

What is best to import from Vietnam?

Vietnam is a dynamic and diversified exporter that offers many opportunities for importers. Top products to import from Vietnam are Electronics, Apparel & Textile, Furniture, Food and Machinery.

What are the top 3 exports of the United Arab Emirates?

Yearly Trade The most recent exports are led by Crude Petroleum ($105B), Refined Petroleum ($57.9B), Gold ($32.8B), Broadcasting Equipment ($17.7B), and Petroleum Gas ($16.2B).