Exports to EU, ASEAN, RoK, Japan yet to bounce back

The export of Vietnamese commodities from to the EU, ASEAN, the RoK, and Japan throughout the reviewed period were hit by declines of 3%, 11.6%, 2.6%, and 7% to US$28.9 billion, US$18.9 billion, US$16.3 billion, and US$15.6 billion, respectively.

The United States remained the country’s largest export market during the 10-month period, with export turnover soaring by 24% to reach US$62.3 billion, while exports to the Chinese market also increased by 14% to US$37.6 billion.

Meanwhile, Vietnam enjoyed a trade surplus of over US$18.72 billion as its 10-month export turnover rose by 2.5% to US$439.32 billion.

Phones and components achieved the highest export value of US$42 billion, making up 18.3% of the country’s total export turnover. They were followed by electronics, computers and components with US$36.2 billion, textiles and garments with US$24.8 billion, machinery, equipment, and spare parts with US$21 billion, and footwear with US$13.4 billion.

Throughout the ten-month period, heavy industrial and mineral groups are estimated to have grossed US$123.8 billion in exports, representing an annual increase of 8.4%, followed by the light industry and handicraft products with US$81.8 billion, agricultural and forestry products with US$16.8 billion, and aquatic products with US$6.9 billion.