China, Vietnam’s biggest trade partner, imported US$189 million worth of products, making up 26% of Vietnam’s total export revenue.
Exports to the United States came in second with US$152 million, accounting for 21% of the total export revenue. This was followed by the Republic of Korea (RoK) with US$67 million, 9% of the total, and Hong Kong (China) with US$57 million, making up 8%.
Local firms imported goods from 57 countries and territories worldwide throughout the reviewed period. The largest volume of imports came from the RoK with US$355 million, accounting for 38% of total import revenue. Elsewhere, China came in second with US$159 million, making up 17%, while the US, Ireland, and Taiwan (China) came in third, fourth, and fifth, accounting for 9%, 8.5%, and 8%, respectively.
According to the General Department of Vietnam Customs, Vietnam’s import and export turnover during the annual holiday hit US$1.67 billion, up 53% from last year.
Phones and parts posted the largest export turnover among export items with US$332 million, accounting for 45% of total exports.
Vietnam mainly imported computers and electronic products and components with a value of US$538 million, or 57% of total imports.
Since the start of the year to February 16, the country reported total import and export revenue of US$74.5 billion, an increase of 31% on-year. Of the total, export revenue hit US$38.5 billion, securing a trade surplus of US$2.6 billion.