US is largest export market for Vietnamese goods over four months

The United States made up Vietnam’s largest export market with an estimated turnover reaching US$28.4 billion during the first four months of the year, according to the General Statistics Office of Vietnam (GSO).

China ranked second with US$16.4 billion, followed by the EU with US$13.7 billion, ASEAN with US$11.1 billion, the Republic of Korea (RoK) with US$7.8 billion, and Japan with US$7.3 billion.

Throughout the reviewed period, Vietnam’s export turnover of goods dropped by 11.8% to US$108.57 billion against the same period last year.

Meanwhile, the country’s four-month import turnover also declined by 15.4% year on year to US$102.22 billion.

China was the largest importer of Vietnamese goods with an estimated turnover reaching US$33.3 billion, trailed by the RoK with US$16.7 billion, ASEAN with US$13.4 billion, Japan with US$7.3 billion, the EU with US$4.4 billion, and the United States with US$4.1 billion.

The reviewed period saw Vietnam rack up a trade surplus of US$24.4 billion, of which US$24.4 billion was generated from Vietnamese export surplus to the US alone.

VOV