Vietnamese goods account for only about one percent of CPTPP market share
The CPTPP member countries import around US$4.25 trillion worth of goods annually, but Vietnamese products account for only about 1 percent of their markets, highlighting substantial room for Vietnam to expand exports.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has seen Vietnamese goods contribute only around 1 percent of the total market share in CPTPP member countries, according to a seminar by the Vietnamese Ministry of Industry and Trade. In 2025, Mexico, a key CPTPP member, imported approximately US$664 billion worth of goods, with Vietnam's exports to the market amounting to about US$7 billion, or roughly 1 percent.
Deputy Director General of the Department of Foreign Market Development and Multilateral Trade, Ngo Chung Khanh, highlighted that Vietnamese products accounted for only 1 percent of total imports in both Canada and Mexico, two CPTPP member nations with free trade agreements with Vietnam. To capitalize on this market opportunity, Vietnamese businesses must meet CPTPP rules of origin, comply with technical standards, labor and environmental requirements, as well as individual market import regulations.
Despite these challenges, Vietnamese Trade Counselor Nguyen Thi Trang emphasized that access to a market and preferential tariffs does not guarantee orders, and businesses must focus on product quality, specifications, certifications, production capacity, minimum order quantities, delivery times, and stable supply to turn opportunities into actual orders.
Brief written by urgent.news from SGGP English Edition Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
