AsemconnectVietnam - According to the statistics figures of the General Department of Customs, the export turnover of Vietnamese goods to the South Korean market in May of 2023 reached 1.6 billion USD, down by 6.4% compared to the previous month.

In May of 2023 alone, the country’s exports of goods to South Korea reached 9.1 billion USD, down by 10% over the same period last year.
The item with the largest export turnover in the first 5 months of 2023 was the group of computers, electronic products and components, reaching $1.9 billion, up 23%, accounting for 20.8% of the proportion. The next was phones and components with 1.3 billion USD, accounting for 14.1% of the total proportion, down by 46.1% over the same period last year. And then were textiles with 1.1 billion USD, down by 1.7%, accounting for 12.4% of the proportion.
Some groups of products exported to Korea have increased export turnover in 5 months of 2023, such as means of transport and spare parts increased by 50.3%; cameras, camcorders and accessories increased by 46.7%; electric wires and cables increased by 26.8%; petrol and oil of all kinds increased by 50.2%; paper and paper products increased by 20.3%.
The potential to develop trade between the two countries Vietnam – South Korea is huge. The bilateral free trade agreement has been contributing to further promoting political, economic and cultural relations between the two countries, further tightening the strategic cooperative partnership between Vietnam and South Korea.
CK
Source: VITIC