3-4-2020, 10:16 GMT+7

US remains Vietnam’s largest export market in first two months

 The US was the largest export market of Vietnam in the first two months of 2020 with export revenue of US$9.8 billion, an increase of 19.6% over the same period last year, according to the General Statistics Office (GSO).

The EU was the runner-up with export revenue of US$5 billion, down 7.7%. China came in third with export revenue of US$4.8 billion, up 3.7% over the same period last year.

ASEAN, Japan and the Republic of Korea were also among the leading export markets of Vietnam during the two-month period.

The data from the GSO showed that despite negative impacts from the Covid-19 epidemic, Vietnam has remained on an upward trend in import and export revenue, thanks in part to Samsung’s export of their new phone, the Galaxy S20, in February.

Vietnam’s total import and export revenue was estimated to have reached US$74 billion in the first two months of this year, up 2.4% against the same period last year. Of the total, export revenue was reported at US$36.9 billion, an increase of 2.4%, and import revenue was posted at US$37.1 billion, up 2.4% over the corresponding period last year.

Several export items posted high export revenue including phones and components at US$6.9 billion (up 2.3%), electronics, computers and components at US$5.4 billion (up 26.7%), and garments and textiles at US$4.5 billion (down 1.7%).

In the January-February period, some products saw high import revenue such as electronics, computers and components at US$8.6 billion (up 17.1%), machinery, equipment and components at US$5.3 billion (down 3.7%) and phones and components at US$2.1 billion (up 17.2%).

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