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NewsMarket newsThe US becomes Vietnam's largest export market in the first eight months of the year

The US becomes Vietnam's largest export market in the first eight months of the year

According to the General Statistics Office of Vietnam, in the first eight months of the year, the US was Vietnam's largest export market with a turnover of US$62.2 billion, up 32.5% over the same period last year.

It is estimated that in August 2021, the export turnover of goods will reach US$26.2 billion, down 6% from the previous month and down 5.4% over the same period last year. In the first eight months of 2021, export turnover of goods was estimated at US$212.55 billion, up 21.2% over the same period last year, of which the domestic economic sector reached US$55.69 billion, up 10.5%, accounting for 26.2% of the total export turnover; the FDI sector (including crude oil) reached US$156.86 billion, up 25.5%, accounting for 73.8%.

In the first eight months of 2021, there were 30 items with export turnover of over US$1 billion, accounting for 91.8% of total export turnover (six export items of over US$10 billion, accounting for 63.1%).

Regarding the structure of export groups, the group of fuels and minerals was estimated at US$2.29 billion, up 3.6% over the same period last year. The group of processed industrial products was estimated at US$89.28 billion, up 22.5%.

Regarding the export market in the first eight months of 2021, the US was Vietnam's largest export market with a turnover of US$62.2 billion, up 32.5% over the same period last year. Follow by China with US$32.7 billion, up 19.8%. The EU market reached US$26.1 billion, up 14.5%.

The ASEAN market reached US$18.4 billion, up 23.3%. Korea reached US$13.9 billion, up 9.9%. Japan reached US$13.5 billion, up 8.6%.

Source: VCN

Keywords: import, export, goods, turnover, US

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