VIETNAM IMPORT DATA IS DOMINATED BY THE PHILIPPINES TRADE DATA – COMPARATIVE STUDY


SOCIOECONOMIC OUTLINE OF VIETNAM AND THE PHILIPPINES

Both the countries, specifically Vietnam and the Philippines are situated in the Asian landmass. Southeast Asia is the locale normal to the two nations. In the terms of region and land space, Vietnam has an edge as it is greater than the Philippines by very nearly 31,000 km. Despite Vietnam being the bigger country, the number of inhabitants in the Philippines surpasses that of Vietnam by practically 1.25 crores. Because of this variable, the populace thickness per square km is more prominent in the Philippines than in Vietnam. Discussing the sort of government in each country, then, at that point, the official authority in the Philippines is the Official body or president, while in Vietnam it is a Republic government.

HOW GOOD IS THE CONNECTION BETWEEN VIETNAM IMPORT DATA AND THE PHILIPPINES TRADE DATA

By profoundly investigating the trading trends between the Philippines and Vietnam, we arrived at a resolution that expresses that the trade relations between the countries are solid and well-established. We support our contention firmly by mentioning the total imports according to Vietnam Import Data received from the Philippines based on the Philippines Trade Data as USD 1.60 billion in the year 2020 amongst which integrated circuits were the major product being imported in Vietnam worth USD 395 million.

The reciprocal exchange or the bilateral trade between the two nations is expanding consistently by an impressive sum which is fortifying the connection between the nations much more. This bilateral trade is assessed to overwhelm Vietnam Import Data and the Philippines Trade Data too.

Amongst every item sent out by the Philippines in the year 2020, the most loved things according to the Philippines Trade Data that were traded from the Philippines to Vietnam were:

• Integrated circuits (USD 395 million)

• Cameras (USD 225 million)

• Electrical Transformers (USD 120.55 million)

According to the data of the last 24 years, the exports made by the Philippines to Vietnam rose by almost 11%, i.e., from USD 130 million (1996) to USD 1.6 billion (2020).  



CONCLUSION

As the years are passing, bilateral trade between the two nations is also expanding and a major increase has been observed in Vietnam Import Data due to the exports made by the Philippines as reflected in the Philippines Trade Data of the year 2022.

As the two countries share a typical landmass, the exchange is generally more straightforward between these nations because of various transportation options with practically no problems or slacks. Likewise, the exchange hindrances are restricted because of less distance. Soon, the Philippines Trade Data and Vietnam Import Data would build stronger relations because of their rising joint effort with one another.

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If you want further analysis and the best advice about the Vietnam Import Data or the Philippines Trade Data or the Global Trade Data of any country, then get in touch with TradeImeX® Info Solution Pvt Ltd. We are one of the best companies available online that provide 100% accurate and reliable trade data from more than 70 countries including Turkey Export Data and the Philippines Import Data at affordable prices. We sell customized databases to our clients which are designed as per each customer’s needs and preferences.

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