The HS9403 Vietnam’s Export Report August 2024 reveals crucial details about Vietnam’s export activities, particularly focusing on port operations, major destinations, and shipping price impacts. In August 2024, Vietnam’s export activities were robust, and the report showcases comprehensive insights into the export value, top loading ports, and destination countries, with a strong emphasis on how these activities influence shipping prices globally.
1. Overview of HS9403 Vietnam’s Export in August 2024
The total export value for Vietnam under HS9403 in August 2024 was a staggering $748,085,568. This figure reflects the country’s growing strength in exports, particularly in the furniture and furnishings sector. With over 1,029 loading ports involved in export activities and shipments heading to 1,800 destination ports worldwide, Vietnam continues to be a major player in the global supply chain.
Top Loading Ports in Vietnam for August 2024
Among the top loading ports, the most prominent ones were:
- C CAI MEP TCIT (VT)
- GEMALINK
- CANG CAT LAI (HCM)
- TANCANG CAIMEP TVAI
- CANG QT CAI MEP
The C CAI MEP TCIT (VT) port had the highest export value, establishing it as the busiest and most vital port for Vietnam’s export activities in August 2024.
Top Destination Ports
The primary destination ports for exports from Vietnam included:
- Los Angeles, CA
- New York, NY
- Long Beach, CA
- Savannah, GA
- Houston, TX
The USA emerged as the top destination country for Vietnam’s exports, followed closely by Japan and the United Kingdom.
2. Key Exporters and Importers in HS9403 Vietnam’s Export Report August 2024
The report identifies KEESON Company Limited (Binh Duong) as the top exporter in Vietnam for August 2024, with the highest export value. On the import side, ERGOMOTION INC led the list as the top importer.
Top Import Countries
Vietnam’s HS9403 export products were primarily shipped to:
- USA (Highest import value)
- Japan
- United Kingdom
The USA held the position of the largest importer, showcasing the strong trade relationship between the two countries.
Top Destination Ports by Country
- USA: Los Angeles (CA) was the busiest destination port.
- Japan: Tokyo ranked as the top destination port.
- United Kingdom: Southampton was the leading destination port for imports.
These findings emphasize the significance of these ports in facilitating trade between Vietnam and these major markets.
3. Top Exporters and Importers in the HS9403 Vietnam’s Export Report August 2024
According to the HS9403 Vietnam’s Export Report August 2024, KEESON Company Limited based in Binh Duong province emerged as the leading exporter for the month. As a significant player in Vietnam’s export market, KEESON Company Limited contributed a substantial portion to the country’s total export value, showcasing its dominance in exporting HS9403 products, which primarily include furniture and furnishings. This company’s strong performance is a testament to Vietnam’s growing capacity to produce high-quality goods for international markets.
On the import side, ERGOMOTION INC was identified as the top importer, receiving the highest volume of HS9403 goods in August. ERGOMOTION INC’s leading position suggests a consistent demand for Vietnamese-made products, particularly in the United States, which continues to be the most significant market for Vietnamese exports. The trade relationship between these companies reflects the robust and growing demand for HS9403 products, further emphasizing Vietnam’s role as a key supplier in the global market. These top importers and exporters are instrumental in shaping Vietnam’s export landscape and play a crucial role in driving economic growth through their trade activities.
Conclusion
The HS9403 Vietnam’s Export Report August 2024 provides valuable insights into the country’s export activities, particularly at its major ports. The high export value, coupled with challenges in shipping prices, highlights the importance of efficient port management and logistics planning. As shipping prices continue to rise, both exporters and importers need to adapt to these changes to remain competitive in the global market.
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