China represents Vietnam’s largest importer over nine months

VOV.VN - China has represented Vietnam’s largest importer over the past nine months, spending US$81.3 billion on imports, marking an increase of 41.1% year on year, according to figures released by the General Statistics Office (GSO).

The GSO reported on September 29 that the Republic of Korea ranked second with US$40.2 billion, up 21.6%, followed by ASEAN with US$30.7 billion, up 41.2%,  Japan with US$16.3 billion, up 11.6%, the European Union with US$12.6 billion, up 19%, and the United States with $11.7 billion, up 12.7%.

Overall, Vietnam’s nine-monthse import turnover rose by 30.5% annually to US$242.65 billion contributed by the foreign-invested sector (US$158.93 billion, up 33.6%) and the domestic sector (US$83.72 billion, up 25%)

A total of 36 import items recorded revenue of over US$1 billion each, accounting for 90.4% of the country’s total import turnover.

Meanwhile, Vietnam’s nine-month export turnover hit US$240.52 billion, an increase of 18.8% compared to the same period from last year.

As many as 31 export items recorded revenue of over US$1 billion each, making up 92% of the country’s total.

The US remained the largest export market for Vietnam during the past nine months, purchasing US$69.8 billion worth of Vietnamese goods, a rise of 27.6% year on year.

China came second with US$38.5 billion, up 18.3%, followed by the EU and ASEAN with US$28.8 billion and US$20.6 billion, increasing by 11.6% and 21.2%, respectively.

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