Vietnam sees trade surplus with EU, Americas
Friday, 29/12/2023 16:15 (GMT+7)
Because of many negative impacts from the global economy, Vietnam’s exports to the European - American market in 2023 reached about 166 billion USD, down 9.6%, while imports are estimated at nearly 41 billion USD, down 9.1% against 2022, reported the Ministry of Industry and Trade.
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| Cargo shipment by sea. (Photo: VNA) |
However, the country’s trade surplus with the European - American market is estimated at 125 billion USD; of which the surplus with European countries reached about 33 billion USD while those with the Americas was estimated about 92 billion USD.
Demand for imported goods in Vietnam’s main export markets decreased compared to the same period last year. According to statistics, in the first 10 months of 2023, the EU reduced imports from non-bloc markets by nearly 16%; US imports from foreign markets decreased by 6%.
For the first time after many years of continuous high growth, export turnover to some key markets decreased sharply, of which exports to the US were down 12.4% against 2022; exports to the EU posted 43.7 billion USD, down 6.7%.
Exports to countries belonging to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the Americas reached 13.1 billion USD, down 10.6%./.
BTA