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ASEAN remains important export market of Vietnam

The Association of Southeast Asian Nations (ASEAN) remains an important market of Vietnam with export revenue hitting 10.85 billion USD in the first four months of this year, accounting for 10% of the country’s total.
ASEAN remains important export market of Vietnam ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Association of Southeast Asian Nations (ASEAN) remains an important market ofVietnam with export revenue hitting 10.85 billion USD in the first four monthsof this year, accounting for 10% of the country’s total.

In the January-April period, Vietnam’s exports to ASEAN member countriesfell 4.7% year on year, a low level compared to the country’s 13% drop of overallexport revenue in the period.

Particularly, among the 24 export markets with turnover of over1 billion USD, six are ASEAN members.

Meanwhile, imports from ASEAN member countries in the firstfour months of 2023 was 13.360 billion USD, accounting for 13.4% of Vietnam’stotal imports, down 17.6% year on year, resulting in a trade deficit of 2.51billion USD, a decrease of 48% compared to the same period last year.

Thailand was the largest market of Vietnam among ASEANmember countries, with two-way trade reaching 6.25 billion USD. Vietnamese productswith export revenue of over 10 million USD included telephones and accessories; machineries,equipment and spare parts; transport vehicles; crude oil; computers andelectronics.

Thailand was followed by the Philippines with 1.73 billion USD, up 7% year on year, and Indonesia, Cambodia, and Malaysia./.
VNA
#Association of Southeast Asian Nations (ASEAN) #Vietnam’s exports to ASEAN #ASEAN members #export revenue #Vietnam #Vietnam news #Vietnam News Agency ASEAN
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