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

Particularly, among the 24 export markets with turnover of over 1 billion USD, six are ASEAN members.

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

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

Thailand was followed by the Philippines with 1.73 billion USD, up 7% year-on-year, and Indonesia, Cambodia, and Malaysia.

Source: VNA