USA, China, Korea and Japan - 4 main export markets

DNHN - The US continues to be Vietnam's largest commodity export market with a turnover of US$66.9 billion, up 24.2% over the same period last year, accounting for 30.8% of the country's turnover.

Information from the General Department of Customs, by the end of July, in more than 200 countries and territories of our country that have foreign trade relations, there are 4 markets with export turnover of 10 billion USD or more including: the US, China, Korea and Japan.

Accordingly, the US continues to be Vietnam's largest commodity export market with a turnover of 66.9 billion USD, up 24.2% over the same period last year, accounting for 30.8% of the country's turnover. China ranked second with 30 billion USD, up 5.3%; Korea holds the third place with 14.2 billion USD, up 16.8%; Japan ranked fourth with 13.44 billion USD, up 13.4%.

Thus, only in the first 7 months of the year, the four main markets alone achieved a total turnover of 97.54 billion USD, accounting for 57.35%.

Regarding the group of exports: Phones of all kinds and components exported to the US market reached US$ 8.04 billion, up 54.6%; to the Chinese market with a value of 7.35 billion USD, up 11.9%; to Korea reached 3.17 billion USD, up 22.4%... over the same period last year.

Computers, electronic products and components exported to the US reached 8.62 billion USD, up 27.1%; to the Chinese market reached 6.65 billion USD, up 12.6%; to South Korea reached 2.07 billion USD, down 2.5%...

Machinery, equipment, tools and spare parts exported to the US reached 11.35 billion USD, up 26.8%; to China reached US$1.86 billion, up 32.4%; to Korea reached 1.65 billion USD, up 26.9%...

From the beginning of the year to August 15, the country's total import-export turnover was estimated at $464.13 billion. In which, exports reached 232.76 billion USD, up 17.67% over the same period in 2021 (equivalent to an increase of nearly 35 billion USD); imports reached $231.37 billion, up 6.5% over the same period (equivalent to an increase of $14.1 billion).

Particularly in the first half of August, the total import and export turnover reached more than 30 billion USD. The trade balance in the first half of August recorded a deficit of more than 100 million USD, however, from the beginning of the year to August 15, the country still had a trade surplus of 1.39 billion USD.

PV