Thailand represents largest Vietnamese export market in ASEAN
VOV.VN - Thailand is viewed as Vietnam's largest export market in ASEAN with US$5.23 billion, up 7.2% over the same period from last year, according to details given by the General Department of Customs.
The past eight months of the year witnessed Vietnam’s trade with the bloc reach US$54.9 billion, up 12.5% on-year, with the Vietnamese side recording a trade deficit of US$5.6 billion.
Regarding exports, during the reviewed period the country earned US$24.6 billion from exporting goods to ASEAN, up 12.6% over last year’s corresponding period.
Thailand continued to be the largest export market with US$5.23 billion, up 7.2% on-year, trailed by Indonesia with US$4.15 billion and the Philippines with US$4.07 billion, up 23.6% and 17%, respectively, over the same period from last year.
Exports to a total of six markets with a turnover of billions of US$ in the regional bloc grossed a total of US$23.93 billion, thereby accounting for 97% of exports to ASEAN.
Within the bloc, Myanmar was the only export market to suffer a fall in turnover, down 36.7% on-year to US$197 million. Concerning imports, the nation spent US$30.2 billion on importing goods from ASEAN during the eight-month period, up 12.4% on-year.
Thailand represented the largest import market with US$7.8 billion, up slightly by 1.3% on-year.
The two other markets with import turnover of over US$6 billion were Indonesia with US$6.5 billion, up 14.5%, and Malaysia with US$6.14 billion, up 22.4%, over the same period from last year.
In the billion-US$ group, the Philippines was the country’s import market with the lowest turnover of US$1.66 billion, up 4% on-year.
