According to the Banking Times, Vietnam has officially entered the list of the 30 largest importers worldwide, ranking 19th with a total import value of USD 381 billion in 2024. Notably, the country recorded the fastest import growth rate in the Top 30, rising 17% year-on-year. This strong performance reflects both robust domestic demand and rapid industrial expansion.

The U.S. and China Remain Global Leaders

The United States continues to lead the world in merchandise imports, reaching USD 3.4 trillion or 13.6% of global imports. Pharmaceuticals and automobiles remain its top categories, underscoring the strength of U.S. consumption and its dynamic corporate sector.

Meanwhile, China ranks second with USD 2.6 trillion in imports, maintaining its influence in global trade despite ongoing economic challenges. Germany (USD 1.4 trillion), Japan (USD 743 billion), and the United Kingdom (USD 816 billion) round out the top five, reaffirming their roles as major industrial and consumption centers.

Vietnam: The Fastest-Growing Import Market

Source: Ministry of Industry and Trade of Vietnam

Within the Top 30, Vietnam stands out for its remarkable 17% growth rate, surpassing other fast-expanding economies such as the UAE (16%), India (7%), and South Korea (5%).

Key drivers of Vietnam’s import surge include:

• Rising demand for raw materials in electronics, textiles, and food processing industries.
• Stronger domestic consumption, supported by higher household incomes and retail recovery.
• Increased imports of machinery and green technologies, aligned with industrial upgrading and sustainability goals.

As a result, Vietnam is transitioning from a manufacturing-based economy to a regional production and consumption hub, gaining greater influence in global supply chains.

Global Import Landscape and Outlook

According to the World Trade Organization (WTO), the top 30 importers collectively account for USD 20.4 trillion, representing 82% of global imports (USD 24.8 trillion). Europe remains the largest importing region, followed by North America and Asia.

With consistent double-digit growth, Vietnam is narrowing the gap with advanced economies and strengthening its trade position in Asia. If this momentum continues, the country could enter the Top 15 importers worldwide within the next few years.

Source: Vnexpress

14/11/2025