Vietnam’s total import and export revenue is estimated at $88.16 billion in January, skyrocketing 39% compared to the same period last year, figures from the National Statistics Office (NSO) show.
Exports rose 29.7% year-on-year to $43.19 billion, while imports soared 49.2% to $44.97 billion, resulting in a trade deficit of $1.78 billion.
Nine export items recorded turnover of over $1 billion, making up 72.4% of total exports. Processed industrial goods led Vietnam’s exports with $38.43 billion, accounting for 89% of the total, followed by agro-forestry products at $3.65 billion (8.5%), seafood at $1.01 billion (2.3%), and fuels and minerals at $0.1 billion (0.2%).
The US remained the largest buyer of Vietnamese goods with a turnover of $13.9 billion, while China was its biggest import market, recording $19 billion.
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