US is Vietnam’s biggest export market in Jan-May

The US was Vietnam’s leading export market in the first five months of the year, with export turnover of 24.6 billion USD, an 8.2 percent increase compared to last year.

 Last year, the US had one of the highest export growth rates compared to Vietnam's other export markets, with an 29.1 percent increase in export growth compared to 2018, accounting for 23.2 percent of Vietnam’s total exports.

 Vietnam's total export and import turnover in the first five months was over 196 billion USD, a 2.8 percent drop year-on-year.

 COVID-19 has affected Vietnam’s main trading partners, hampering exports and imports.

 Vietnamese exports reached 16.3 billion USD in China, 8.1 billion USD in Japan, and 7.7 billion USD in the Republic of Korea.

 In the five-month period, 17 product groups reached over 1 billion USD worth of export valuer each, including phones and components, electronics, garment and textiles, machinery, footwear, and vehicles.

 Those with declining turnover were telephones and components, textiles, footwear, fruit and vegetables, rubber, and pepper./.