The report indicated that Vietnam’s total trade turnover with its six largest trading partners reached US$159 billion during the reviewed period, accounting for 78% of the country’s total trade value.

In terms of exports, Vietnam earned US$31.4 billion from the US and US$13.7 billion from the EU. Export revenue from China, ASEAN, the Republic of Korea (RoK), and Japan stood at US$13.2 billion, US$9.2 billion, US$6.8 billion, and US$6.4 billion, respectively.

Exports to the US, the EU, Japan, the RoK, ASEAN, and China all saw positive year-on-year growth, with the US leading the trend.

Regarding imports, Vietnam spent US$78.7 billion importing goods from these six markets, representing 79% of total national imports.

China remained Vietnam’s largest supplier, with import turnover reaching US$38.1 billion, followed by the RoK (US$13.9 billion), ASEAN (US$13 billion), Japan (US$5.8 billion), the US (US$4.1 billion), and the EU (US$3.8 billion).

All six markets saw positive growth in export value to Vietnam. China posted the highest growth rate at 24.7%, followed by the US, ASEAN , the RoK , Japan , and the EU.

Vietnam posts huge trade deficit in first half of April

VOV.VN - Vietnam recorded a trade deficit of US$1.62 billion during the first half of April, while exports fell by 20.9% to US$15.28 billion compared to the second half of March, according to figures given by the General Department of Vietnam Customs.