Vietnam exports USD40 billion to CPTPP market
Wednesday, 29/04/2020 18:46 (GMT+7)
In 2019, Vietnam exported nearly USD40 billion of different kinds of products such as textile and garment, footwear, agricultural and fisheries products, phones and wood products, to the markets belonging to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Photo: baodautu.vn
The figure, which saw an increase of 7.2% compared to 2018, was announced by the Ministry of Industry and Trade for exports in the first year of CPTPP implementation.
Notably, there was a sharp increase in export to some markets that have not signed free trade agreements with Vietnam, such as Canada and Mexico, of 29.9% and 27.6%, respectively.
In general, while Vietnam's trade surplus to all markets in 2019 was approximately USD10 billion, trade surplus to CPTPP alone was nearly USD4 billion USD, accounting for 40%.
This shows the significant benefits of the CPTPP Agreement in the process of promoting and diversifying export markets for Vietnamese goods and services./.
Compiled by BTA
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