China ranked second with a turnover of US$4.6 billion, and became the only major export market with a high growth rate of up to 25.2% in the reviewed period.

Statistics indicate that total Vietnamese import-export turnover in January reached US$63.15 billion, down nearly 11% compared to the previous month and a drop of nearly 4% compared to the same period from last year.

There were seven items which saw export turnover exceed US$1 billion in January, including electronics, computers and components; phones of all kinds and components, machinery, equipment, tools, and other spare parts.

With regard to export commodity structure, three groups of goods witnessed a decline in export turnover, including agro-forestry-fishery, down 8.7%; processing industry, down 3.4%; and fuel and minerals, down 35.5%.

However, several key export items also saw high double-digit growth, such as iron and steel products, up 14.1%; as well as computers, electronic products, and components, up 13.3%.

Meanwhile, import turnover in January hit US$30.06 billion, down nearly 3% on year.

Most notably, there were some items with an import value over US$1 billion, including electronics, computers and components; machinery, equipment, tools, and other spare parts, along with fabrics.

Currently, China represents the largest supplier of goods to Vietnam with an estimated turnover of US$11.6 billion, down 2.2% on-year and accounting for 38.6% of the total import turnover.

Overall, the country racked up a trade surplus of US$3.03 billion, down 18%. Of which, the domestic economic sector faced a trade deficit of US$1.4 billion, while the foreign-invested sector enjoyed a trade surplus of US$4.43 billion.

Coffee exports fall sharply in volume, hit record high in value

VOV.VN - Vietnam exported 140,000 tonnes of coffee worth US$763 million in January, representing a sharp decrease of 41.1% in volume but an increase of 5% in value, according to the Ministry of Agriculture and Rural Development (MARD).