Vietnam-ASEAN trade turnover down

(VOV)-Vietnam’s import-export turnover with ASEAN member states dipped in 2013 compared to the prior year but still maintained a positive growth rate.

Specifically, the export-import growth rate with ASEAN soared by 19.4% in 2010, 28.8% in 2011, 9.4% in 2012, and 3.5% in 2013.

Export turnover to the market hit US$18.47 billion in 2013, a year-on year increase of 4.4% and imports were US$21.64 billion, up 2.7% over 2012’s figure.

Two groups of commodities took the lead with export sales of US$4.42 billion, up 47.2% including telephones, computers, and electronics and components.

However, some commodities dropped remarkably in export turnover including rice (down 51.3%) and crude oil (down 14.4%).

Rice exports to the Philippine and Indonesian market experienced a sharp slump in 2013.