Vietnam's export turnovers rise 4.7pc in 10 months


FE Team | Published: October 30, 2020 12:22:05 | Updated: November 02, 2020 13:34:08


File photo. (Collected)

Vietnam's export and import turnovers in the first 10 months of 2020 increased by 4.7 per cent and 0.4 per cent year-on-year respectively, according to the country's General Statistics Office on Friday.

Export revenues totaled nearly 229.3 billion US dollars and import turnovers reached $210.5 billion during the period, said the office, noting that the country posted a record trade surplus of more than $18.7 billion in the 10-month period, reports Xinhua.

Between January and October, the United States remained Vietnam's biggest importer with turnovers of $62.3 billion, followed by China with $37.6 billion and the European Union with $28.9 billion, according to the office.

Meanwhile, China was Vietnam's largest exporter with turnovers of $65.8 billion, followed by South Korea with $37.4 billion, and the Association of Southeast Asian Nations (ASEAN) with $24.4 billion, the office said.

In 2019, Vietnam's total trade turnover reached nearly $517 billion with an export turnover of approximately $263.5 billion, up 8.1 per cent against 2018.

The country posted a trade surplus of more than $9.9 billion, the highest level in the past four years.

Share if you like