According to the Vietnam Customs, the country’s total import-export turnover exceeded USD 316.9 billion in the 11-month period, of which exports reached USD 159.94 billion and imports, USD 156.96 billion.
Mobile phones and components were the biggest hard currency earner (USD 31.6 billion), followed by garment-textile (USD 21.56 billion), computers, electronic products and spare parts (USD 16.68 billion).
Processing shrimp for exports
The US was the second largest importer of Vietnamese mobile phones and components, after the European Union, with USD 3.95 billion, up 52.7 percent.
The country spent over USD 10.33 billion buying Vietnamese apparel products, a yearly increase of 4.7 percent, accounting for 47.9 percent of the sector’s total import turnover.
Vietnamese footwear was mainly exported to the US, fetching over USD 4.03 billion, up 10 percent against the previous year, making up 34.6 percent of the sector’s total import turnover.
Regarding seafood, the US remains a key market, importing USD 1.33 billion, up 11 percent.
The US was the third biggest importer of Vietnamese farm produce with USD 1.71 billion, up 24.7 percent, after China and the EU.
In January-November, Vietnam mainly imported computers, electronic products and spare parts (USD 25.33 billion), machinery and equipment (USD 25.24 billion), mobile phones and components (USD 9.56 billion).
The Republic of Korea (RoK) continued to be the largest supplier of computers, electronic products and spare parts for Vietnam with the import value of USD 7.94 billion, up 26.3 percent.
It was followed by China (USD 5.36 billion, up 12.1 percent), China’s Taiwan (USD 2.9 billion, up 43.4 percent), Japan (USD 2.54 billion, up 20.7 percent), and the US (USD 1.97 billion, up 50 percent).
Meanwhile, China remained the biggest provider of machinery, equipment and components for Vietnam over the past 11 months with USD 8.27 billion, an annual rise of 1.5 percent.
The RoK and Japan ranked second and third, with USD 5.12 billion and USD 3.72 billion, respectively.
Vietnam also imported raw materials worth nearly USD 16.17 billion in January-November, showing a yearly increase of 2.1 percent.
Main markets include China (over USD 7.3 billion, up 4.5 percent), the RoK (over USD 2.63 billion, up 2 percent), and China’s Taiwan (over USD 2.09 billion, up 2.4 percent).
Source: VNA