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Based on the industrial composition of Vietnam’s exports (in terms of trade value) at the HS 2-digit level of disaggregation and the breakdown of Vietnam’s export sales by destination market for the years 2000 and 2020. in the images below:  (from the Observatory for Economic Complexity (https://oec.world/en))     (b) What are the most noticeable changes in Vietnam’s export pattern between 2000 and 2020?   (c) Which of the models of international trade can explain the changes observed in Vietnam’s pattern of trade? Are there any significant changes in Vietnam’s trade policy that can account for these changes?

Based on the industrial composition of Vietnam’s exports (in terms of trade value) at the HS 2-digit level of disaggregation and the breakdown of Vietnam’s export sales by destination market for the years 2000 and 2020. in the images below:  (from the Observatory for Economic Complexity (https://oec.world/en))     (b) What are the most noticeable changes in Vietnam’s export pattern between 2000 and 2020?   (c) Which of the models of international trade can explain the changes observed in Vietnam’s pattern of trade? Are there any significant changes in Vietnam’s trade policy that can account for these changes?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Based on the industrial composition of Vietnam’s exports (in terms of trade value) at the HS 2-digit level of disaggregation and the breakdown of Vietnam’s export sales by destination market for the years 2000 and 2020. in the images below:  (from the Observatory for Economic Complexity (https://oec.world/en))

 

 

(b) What are the most noticeable changes in Vietnam’s export pattern between 2000 and 2020?

 

(c) Which of the models of international trade can explain the changes observed in Vietnam’s pattern of trade? Are there any significant changes in Vietnam’s trade policy that can account for these changes?

Mineral fuels, mineral oils and products of their distillation 21.7% Non-knitted clothing accesories 11.2% Knitted clothing accesories 2.63% Man-made staple fibres 0.51% Man-made filaments 0.4% Cotton 0.32% Silk 0.23% Used clothes & textile articles 1.08% n Total: $18.5B Footwear 13.9% Coffee, tea, mate & spices 4.68% Cereals 20 Edible fruits, nuts & fruit peels 1.61% Oils seeds, oleaginous fruits, grains, straw & 4.11% Д NABY 0.54% Products... Edible 0.33% Machinery, mechanical Electrical machinery appliances, and electronics & parts 2.76% 5.98% 3.66% Furniture, bedding, Leather articles lamps, & prefab buildings Toys, games, & sports 0.54% Rubber & articles thereof 1.41% Misc. 0.27% Plastics & articles thereof hanical Fish, 0.76% crustaceans, & molluscs 1.87% Preparations of fish, crustacenas, & 0.63% 0.29% 0.22% Preparations of cereals... 0.39% Ceramic products 0.21% 1.24% Sugars Glass.... 0.18% 0.13% 8.12% Wood, wood articles, & charcoal 1.04% Straw & esparto... 0.38% Organic... 0.32% Soap, cleaners... 0.21% Cars, tractors... 0.41% Optical, photo, & film... 0.35% Iron or steel articles 0.48% Iron & 0.16% Tools &... ||| Precious stones, metals, & pearls 0.43% 0.39% Paper.. Japan China 18.3% 8.51% Total: $18.5B Singapore Chinese Thailand Taipei 5.03% 4.61% 3.16% Hong Iraq Kong 2.02% 1.66% Indonesia Laos India 1.53% Cambodia 1.17% Malaysia 2.83% Philippines 2.74% South Korea 2.59% 0.41% 0.29% Turkey 0.16% Germany United 6.58% 4.49% France Italy Spain 1.88% 1.48% Switzerland Russia Poland 4.17% Netherlands 2.42% Belgium 2.16% Kingdom 1.09% Sweden 0.57% Denmark 0.53% Czechia 0.36% 0.68% 0.57% Austria Norway 0.35% 0.25% Greece Australia 6.91% United States Canada 0.87% South... 4.75% Morocco 0.14% Angola Egypt Algeria Cote.. Cuba 0.37%
Transcribed Image Text:Mineral fuels, mineral oils and products of their distillation 21.7% Non-knitted clothing accesories 11.2% Knitted clothing accesories 2.63% Man-made staple fibres 0.51% Man-made filaments 0.4% Cotton 0.32% Silk 0.23% Used clothes & textile articles 1.08% n Total: $18.5B Footwear 13.9% Coffee, tea, mate & spices 4.68% Cereals 20 Edible fruits, nuts & fruit peels 1.61% Oils seeds, oleaginous fruits, grains, straw & 4.11% Д NABY 0.54% Products... Edible 0.33% Machinery, mechanical Electrical machinery appliances, and electronics & parts 2.76% 5.98% 3.66% Furniture, bedding, Leather articles lamps, & prefab buildings Toys, games, & sports 0.54% Rubber & articles thereof 1.41% Misc. 0.27% Plastics & articles thereof hanical Fish, 0.76% crustaceans, & molluscs 1.87% Preparations of fish, crustacenas, & 0.63% 0.29% 0.22% Preparations of cereals... 0.39% Ceramic products 0.21% 1.24% Sugars Glass.... 0.18% 0.13% 8.12% Wood, wood articles, & charcoal 1.04% Straw & esparto... 0.38% Organic... 0.32% Soap, cleaners... 0.21% Cars, tractors... 0.41% Optical, photo, & film... 0.35% Iron or steel articles 0.48% Iron & 0.16% Tools &... ||| Precious stones, metals, & pearls 0.43% 0.39% Paper.. Japan China 18.3% 8.51% Total: $18.5B Singapore Chinese Thailand Taipei 5.03% 4.61% 3.16% Hong Iraq Kong 2.02% 1.66% Indonesia Laos India 1.53% Cambodia 1.17% Malaysia 2.83% Philippines 2.74% South Korea 2.59% 0.41% 0.29% Turkey 0.16% Germany United 6.58% 4.49% France Italy Spain 1.88% 1.48% Switzerland Russia Poland 4.17% Netherlands 2.42% Belgium 2.16% Kingdom 1.09% Sweden 0.57% Denmark 0.53% Czechia 0.36% 0.68% 0.57% Austria Norway 0.35% 0.25% Greece Australia 6.91% United States Canada 0.87% South... 4.75% Morocco 0.14% Angola Egypt Algeria Cote.. Cuba 0.37%
Electrical machinery and electronics 39.6% Machinery, mechanical appliances, & parts 7.19% T M ♡ Non-knitted clothing accesories 4.73% Knitted clothing accesories 4.69% Footwear 6.19% Furniture, bedding, lamps, & prefab buildings 4.26% KAA OB Used clothes & textile articles 1.12% Cotton Iron or steel articles 0.93% 1.07% Knitted Man-made filaments fabrics Coated... 0.2% Copper articles 0.4% 0.35% 0.43% Man-made... 0.19% Toys, games, & sports Iron & steel Edible fruits, nuts & fruit peels 1.11% A 1.82% Preparations of fish, crustacenas, & molluscs Aluminum articles Tools & cutlery 0.25% 0.48% Preparations of 0.33% Miscellaneous 0.29% Food residues &... 0.27% Mineral fuels, mineral oils and products of their distillation 1.77% 0.94% Precious stones, metals, & pearls 2% Fish, crustaceans, & molluscs 1.82% 1.51% 1.17% Rubber & Cereals articles 0.33% thereof 0.98% 0.26% Salt, sulphur, cement, lime, stone, & plaster 0.96% 0.71% Coffee, Plastics & tea, mate & articles spices thereof Soap.. Products of the milling Inorganic Chemical chemicals products n.e.s 0.42% 0.33% 0.25% 0.2% 0.15% Wood, wood articles, & charcoal Glass &.. 0.3% Optical, photo, & film equipment; medical instruments 1.24% 1.18% 1.59% Cars, tractors, trucks & parts thereof. Leather articles 1.01% Stone. 0.23% 1.09% Ships, boats, & 0.37% 0.21% Paper articles 0.55% China Japan 16.6% 6.76% South Korea 6.56% Hong Kong India United States 4.58% 1.8% Thailand Chinese United Taipei Arab Emirates 1.71% 1.61% 1.48% Cambodia Singapore Indonesia 1.46% Philippines 1.22% Malaysia 1.21% 1.14% 1.01% Turkey Laos 0.4% 0.21% Qatar 0.14% Germany 2.69% Netherlands 2.36% 1.66% 25.6% United Kingdom Russia 1.04% Poland 0.86% Spain 0.83% France Italy 1.23% 1.09% Slovakia 0.45% Switzerland Austria Belgium Sweden 0.43% 0.77% 0.76% 0.57% Hungary Mexico 0.33% 1.78% Canada 1.72% Finland Czechia Norway 0.27% 0.23%
Transcribed Image Text:Electrical machinery and electronics 39.6% Machinery, mechanical appliances, & parts 7.19% T M ♡ Non-knitted clothing accesories 4.73% Knitted clothing accesories 4.69% Footwear 6.19% Furniture, bedding, lamps, & prefab buildings 4.26% KAA OB Used clothes & textile articles 1.12% Cotton Iron or steel articles 0.93% 1.07% Knitted Man-made filaments fabrics Coated... 0.2% Copper articles 0.4% 0.35% 0.43% Man-made... 0.19% Toys, games, & sports Iron & steel Edible fruits, nuts & fruit peels 1.11% A 1.82% Preparations of fish, crustacenas, & molluscs Aluminum articles Tools & cutlery 0.25% 0.48% Preparations of 0.33% Miscellaneous 0.29% Food residues &... 0.27% Mineral fuels, mineral oils and products of their distillation 1.77% 0.94% Precious stones, metals, & pearls 2% Fish, crustaceans, & molluscs 1.82% 1.51% 1.17% Rubber & Cereals articles 0.33% thereof 0.98% 0.26% Salt, sulphur, cement, lime, stone, & plaster 0.96% 0.71% Coffee, Plastics & tea, mate & articles spices thereof Soap.. Products of the milling Inorganic Chemical chemicals products n.e.s 0.42% 0.33% 0.25% 0.2% 0.15% Wood, wood articles, & charcoal Glass &.. 0.3% Optical, photo, & film equipment; medical instruments 1.24% 1.18% 1.59% Cars, tractors, trucks & parts thereof. Leather articles 1.01% Stone. 0.23% 1.09% Ships, boats, & 0.37% 0.21% Paper articles 0.55% China Japan 16.6% 6.76% South Korea 6.56% Hong Kong India United States 4.58% 1.8% Thailand Chinese United Taipei Arab Emirates 1.71% 1.61% 1.48% Cambodia Singapore Indonesia 1.46% Philippines 1.22% Malaysia 1.21% 1.14% 1.01% Turkey Laos 0.4% 0.21% Qatar 0.14% Germany 2.69% Netherlands 2.36% 1.66% 25.6% United Kingdom Russia 1.04% Poland 0.86% Spain 0.83% France Italy 1.23% 1.09% Slovakia 0.45% Switzerland Austria Belgium Sweden 0.43% 0.77% 0.76% 0.57% Hungary Mexico 0.33% 1.78% Canada 1.72% Finland Czechia Norway 0.27% 0.23%
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