Vietnam trade with nearly 30 nations hit US$147b in 2015
Of more than 200 countries and territories that Vietnam had trade relations with last year, there were 29 countries that the country had export turnover of more than US$1 billion.
The export value to the 29 countries hit US$147.4 billion, accounting for nearly 90.9% of the total export value of Vietnam, according to the General Department of Customs.
The US is the largest importer of Vietnamese goods with total turnover of US$33.5 billion, increasing by 16.9% compared to 2014.
This is also the market in which Vietnam recorded the largest surplus with US$25.68 billion.
Key products exported to the US include textiles and garments with nearly US$11 billion, a year-on-year increase of 11.7% and accounting for 32.7% of the country's export value to this market.
Exports of footwear ranked second with export value of over US$4 billion, up 22.5%; followed by computers, electronic products and components with US$2.8 billion, up 33.7%.
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| Vietnam trade with nearly 30 nations hit US$147b in 2015 |
Other large export markets of Vietnam are China and the Republic of Korea (RoK) with turnover of US$16.6 billion and US$8.9 billion respectively.
Exports to the Americas hit US$55.4 billion, a year-on-year increase of 18.6%.
Export value with Europe and Africa reached US$46.6 billion and US$5.1 billion, growing 9.4% and 9.8% respectively.
Meanwhile, exports to Oceania decreased by 16.2% to US$5.79 billion.
In terms of importing, there are 19 markets that Vietnam imported commodities from of more than US$1 billion, with a total value of US$150.4 billion, accounting for 90.8% of the total imports of the country.
China continued to be the leading market in supplying goods for Vietnam with an import value worth US$49.5 billion, increasing 13.9% compared to 2014.
Main commodities imported from China are machinery, equipment, tools and spare parts with turnover of US$9 billion; telephones and accessories with US$6.9 billion; fabrics with US$5.2 billion and computers, electronic products and components, earning US$5.2 billion.
The second largest exporter to Vietnam is the RoK with a value totalled US$27.6 billion, increasing 27% compared to 2014.
Other large exporters included Japan (US$14.4 billion), Taiwan (China) (US$11 billion) and Thailand (US$8.3 billion).
