Vietnam earned $13 billion from exporting machinery and equipment in the first four months of 2023, a year-on-year fall of 5.9 per cent, figures from the General Department of Vietnam Customs show.
The fall was a result of the global economic downturn.
Vietnam recorded total machinery and equipment export revenue of $44.75 billion last year, up 19.4 per cent against 2021 and accounting for 12.32 per cent of total export turnover.
Exports by foreign-invested enterprises totaled $42.55 billion, a year-on-year rise of 19.38 per cent.
Such exports to members of the Regional Comprehensive Economic Partnership (RCEP) hit $13 billion in 2022, up 23 per cent against 2021, to members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) $6.14 billion, up 21 per cent, and to markets under the EU-Vietnam Free Trade Agreement (EVFTA) an estimated $5.63 billion, up 38.5 per cent.
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