Vietnam’s exports to the RoK increased by 26.1% to US$13.45 billion while exports to China surged 29.9% to US$28.81 billion respectfully. Exports to India obtained an impressive growth of 88.6% to US$5.18 billion.
The Vietnam Customs reported that the country’s exports hit US$179.47 billion in nine months, a year-on-year rise of an incredible 15.8%. Seven groups of products achieved high export growth, including telephones and components; garments; computers, electronics and components; machines, equipment and tools; steel; cameras and components and footwear.
In the opposite direction, the country’s imports grew 11.6% to US$173.14 billion with 30 groups of key products having an import value of more than US$1 billion each. 45 out of 58 key markets with import values of more than US$100 million in nine months had positive growth.
China remained the largest supplier of goods to Vietnam with a value of US$47.26 billion in the period, up 12.9% against the same period last year. Major products that Vietnam imported were machines, equipment, and tools (up 5.7%), telephones and components (up 7.5%) and computers, electronics and components (up 7.8%).