The Financial Express

Vietnam's export down in first five months of 2020

| Updated: June 09, 2020 12:02:52

Evaly and Fianancial Express Evaly and Fianancial Express
File photo (collected) File photo (collected)

Vietnam's export and import turnovers in the first five months of 2020 decreased by 1.7 per cent and 3.8 per cent year-on-year respectively, the country's General Statistics Office said Friday.

Export turnovers totaled nearly 99.4 billion US dollars and import turnovers was roughly 97.5 billion US dollars during the five-month period, reports Xinhua.

Between January and May, the United States remained Vietnam's biggest importer with turnovers of $24.6 billion, followed by China with $16.3 billion and the European Union with $12.9 billion, according to the office.

Meanwhile, China was Vietnam's largest exporter with turnovers of $28.9 billion, followed by South Korea with $17.3 billion, and the Association of Southeast Asian Nations with $11.8 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.

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