[NEWS] - 4 export markets "tens of billions of dollars"

4 key markets with a turnover of 10 billion USD or more: the United States, China, Korea, and Japan have made important contributions to the results of the first 6 months of 2022. The total export turnover of the country reached $186.03 billion, up 17.3%, equivalent to an increase of $26.46 billion over the same period last year. 

In the first 6 months of the year, Vietnam’s largest export market is the United States with a turnover of 56.6 billion USD, up 24.1% over the same period last year, accounting for 30.4% of the export turnover of the country.

China ranked second with 26.17 billion USD, up 6.7% over the same period last year, accounting for 14.1% of the country’s export turnover.

Korea ranked third with 12.1 billion USD, up 17.1% over the same period last year, accounting for 6.5% export turnover of the country.

Japan ranked fourth with $11.38 billion, up 12.9% over the same period in 2021 and accounting for 6.1% of the country’s export turnover.

In general, most of Vietnam’s export products appear in four main markets. Especially large export groups such as phones and components; computers, electronic products and components; machinery, equipment, tools, and spare parts; textile; Footwear; wood and wood products; Seafood; coffee; Vegetables…

In 4 markets, there are many commodity groups with a turnover of 1 billion USD or more, of which the United States has 10 commodity groups; China has 5 commodity groups; Korea has 4 commodity groups; Japan has 3 groups of goods.

Of the four trading partners mentioned above, Vietnam has a trade surplus with the US and a trade deficit in the remaining markets. Indochina Holdings provides trade promotion services, with the mission of bringing Vietnamese brands to major markets, typically the ST25 rice export promotion event of Gao Ngon Nhat Company to the US market.

Thanh Long