VIETNAM AFRICA EXPO 2020 – ECONOMIC
The eastern-most nation on Southeast Asia’s Indochina Peninsula, the Socialist Republic of Vietnam shipped an estimated US$290.4 billion worth of goods around the globe in 2018. That dollar amount reflects an 93.3% gain since 2014 and a 35.7% improvement from 2017 to 2018. In addition, Vietnam furnished an estimated $15.1 billion worth of international services during 2018 encompassing about $10.3 billion from travel-related services. From a continental perspective, 52.8% of Vietnam’s exported goods by value were delivered to fellow Asian countries while 21.8% were sold to North American importers. Vietnam shipped another 19.2% worth of goods to Europe. Smaller percentages went to Latin America excluding Mexico but including the Caribbean (2.4%), Oceania led by Australia (1.8%) then Africa (1.1%). Given Vietnam’s population of 97 million people, its total $290.4 billion in 2018 exports translates to roughly $3,000 for every resident in the Southeast Asian nation.