Main German goods exports to Vietnam
Main German goods exports to Vietnam
Vietnam imports from Germany mainly inputs for production such as machinery and mechanical equipment; electronic machinery and equipment; iron and steel, chemicals, dyes, etc. In addition, Vietnam also imports a lot of consumer goods from Germany such as pharmaceutical products, medical equipment, plastic products, or vehicles and accessories, etc. Those are products that Germany has strength in producing and Vietnam has high demand for consumption, production and export.
However, for those products, the proportion of Vietnam's imports from Germany in total imports from the world is still relatively low, mostly less than 5% (1-2%), except for pharmaceutical products with a relatively high proportion of 11.67%. This also means that German products still have a lot of room to expand their market share in Vietnam, especially with the impetus from the EVFTA. Moreover, German goods have been appreciated by Vietnamese consumers and businesses for their quality and designs. As the income of Vietnamese people is improving, the demand for high-quality products is also increasing and famous German brands will have the opportunity to increase their presence in Vietnam.
Table: Top 10 largest imported products from Germany of Vietnam in 2020
No |
Products |
Import value in 2020 (USD million) |
The proportion in Vietnam's total imports from the world |
1 |
Chapter 84: Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof |
765.64 |
3.55% |
2 |
Chapter 85: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles |
557.67 |
0.58% |
3 |
Chapter 30: Pharmaceutical products |
414.81 |
11.67% |
4 |
Chapter 90: Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof |
378.43 |
4.49% |
5 |
Chapter 39: Plastics and articles thereof |
192.38 |
1.21% |
6 |
Chapter 38: Miscellaneous chemical products |
134.05 |
4.52% |
7 |
Chapter 87: Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
106.09 |
1.99% |
8 |
Chapter 73: Articles of iron or steel |
71.64 |
1.58% |
9 |
Chapter 29: Organic chemicals |
50.79 |
1.34% |
10 |
Chapter 32: Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks |
48.57 |
2.75% |
Source: ITC Trademap, 2021
Source: "Business Handbook: Exploiting the EVFTA to import and export goods between Vietnam and Germany" - Center for WTO and International Trade