US becomes largest Vietnamese export market over five-month period
|
Indeed, the country’s total export and import turnover throughout the reviewed period stood at a figure of US$196.84 billion, representing a 2.8% fall on-year, according to statistics released by the General Statistics
Office.
Total export turnover reached a total of US$99.36 billion, an annual decline of 1.7%, while imports stood at US$97.48 billion, a drop of 4% on-year.
The novel coronavirus has negatively affected many of the nation’s major trading partners, especially with regard to import and export, according to the office.
Elsewhere, Vietnamese exports to China reached a figure of US$16.3 billion, whilst local exports to Japan were at US$8.1 billion, and the Republic of Korea at US$7.7 billion.
During the five-month period, a total of 17 product groups racked up over US$1 billion worth of export value each, including through phones and components, electronics, garment and textiles, machinery, footwear, and vehicles.
However, those that recorded plummeting turnover include telephones and components ( 9%), garments and textiles (15%), footwear (5%), fruit and vegetables (10%), rubber (30%), and pepper (18%).
Related News
Seafood enterprises encounter problems with specialized inspection
10:37 | 05/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Risk prevention solutions for processing and export manufacturing businesses
07:52 | 29/04/2024 Regulations
Latest News
More businesses to join Vietnam E-Pavilion
16:34 | 05/05/2024 Import-Export
Cooperatives urged to focus on branding to expand exports of organic tea
16:32 | 05/05/2024 Import-Export
Three groups of export commodities achieved billions of USD
10:36 | 05/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
More News
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export
Binh Duong: Fertile ground for logistics businesses
10:16 | 03/05/2024 Import-Export
Some 51,600 new firms established in four months
17:17 | 02/05/2024 Import-Export
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months
17:13 | 02/05/2024 Import-Export
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Your care
More businesses to join Vietnam E-Pavilion
16:34 | 05/05/2024 Import-Export
Cooperatives urged to focus on branding to expand exports of organic tea
16:32 | 05/05/2024 Import-Export
Seafood enterprises encounter problems with specialized inspection
10:37 | 05/05/2024 Import-Export
Three groups of export commodities achieved billions of USD
10:36 | 05/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export