Vietnam’s trade activity declines in early November despite strong year-to-date growth

Vietnam’s trade activity declines in early November despite strong year-to-date growth

Vietnam’s import-export activity showed signs of slowing in the first half of November, with total trade turnover reaching US$33.44 billion, a 9.7% drop (equivalent to US$3.58 billion) compared to the second half of October
Export turnover increases over 14.9%

Export turnover increases over 14.9%

By the end of May, export activities maintained a double-digit increase with a turnover of US$156.28 billion.
Imports of phones and computers fell US$10 billion

Imports of phones and computers fell US$10 billion

VCN - The imports of turnover of two main groups, phones and components, and computers, electronic products and components, fell by approximately US$10 billion year-on-year
Phone exports to EU see good growth

Phone exports to EU see good growth

VCN - While exports to many markets declined, exports of phones and components to the EU saw good growth.
Export market achieves US$100 billion for the first time

Export market achieves US$100 billion for the first time

With a total turnover of US$101.22 billion, the United States (US) has become the first export market to reach the milestone of US$100 billion per year
Vietnam"s exports of phones, components continue to surge

Vietnam"s exports of phones, components continue to surge

Vietnam's exports of phones and components brought in 29.35 billion USD in the first seven months of 2021, a year-on-year rise of 11.9 percent, according to the Ministry of Industry and Trade.
Phones and components lead in January-September export turnover

Phones and components lead in January-September export turnover

Phones and components lead in Vietnam export turnover in the first nine months of this year with a value of US 38 6 billion
The largest group of exports grows positively

The largest group of exports grows positively

VCN - After some negative growth, by mid-May, Vietnam's largest export group of phones and components regained positive growth.
Phone exports to Italy increased 305 times

Phone exports to Italy increased 305 times

VCN - Although telephone and components exports are decreasing, the export turnover to Italy has increased dramatically in recent times.
Over $US 66 billion worth of imported goods from China and Korea

Over $US 66 billion worth of imported goods from China and Korea

The export turnover alone from these two markets takes over 47% of the total imported goods value in the country
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