The US becomes Vietnam's largest export market in the first eight months of the year

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The US is Vietnam's largest export market with a turnover of US$62.2 billion, up 32.5% over the same period last year. Photo: Internet

It is estimated that in August 2021, the export turnover of goods will reach US$26.2 billion, down 6% from the previous month and down 5.4% over the same period last year. In the first eight months of 2021, export turnover of goods was estimated at US$212.55 billion, up 21.2% over the same period last year, of which the domestic economic sector reached US$55.69 billion, up 10.5%, accounting for 26.2% of the total export turnover; the FDI sector (including crude oil) reached US$156.86 billion, up 25.5%, accounting for 73.8%.

In the first eight months of 2021, there were 30 items with export turnover of over US$1 billion, accounting for 91.8% of total export turnover (six export items of over US$10 billion, accounting for 63.1%).

Regarding the structure of export groups, the group of fuels and minerals was estimated at US$2.29 billion, up 3.6% over the same period last year. The group of processed industrial products was estimated at US$89.28 billion, up 22.5%.

Regarding the export market in the first eight months of 2021, the US was Vietnam's largest export market with a turnover of US$62.2 billion, up 32.5% over the same period last year. Follow by China with US$32.7 billion, up 19.8%. The EU market reached US$26.1 billion, up 14.5%.

The ASEAN market reached US$18.4 billion, up 23.3%. Korea reached US$13.9 billion, up 9.9%. Japan reached US$13.5 billion, up 8.6%.