AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Vietnam Customs, the export turnover of goods to Singapore market in April of 2023 reached 312.3 million USD, down by 13.8% compared to the previous month.

The figure of the first 4 months of 2023 reached 1.32 billion USD, down by 9.1% over the same period last year.
In the first 4 months of 2023, the export turnover of machinery, equipment and tools reached 268.2 million USD, up by 21.2% over the same period last year and accounting for 20.2% of the proportion. The next was the group of computers, electronic products and components, reaching 247.5 million USD, down by 21.9%, accounting for 18.6% of the export proportion.
Some items with export value increased quite well in the first 4 months of 2023 compared to the same period last year, including means of transport and spare parts increased by 27.7%; petrol and oil of all kinds increased by 101.1%; footwear of all kinds increased 24.7%; iron and steel products increased by 66.3%; other common metals and products increased by 74.2%.
Singapore is a country with a developed economy among the most dynamic in the Asia-Pacific region, and is playing an important role in trade cooperation with Vietnam. Singapore's demand for finding and expanding the supply of raw materials to replace the Chinese market is huge. Vietnam is also one of the key markets that can help Singapore make up for the shortage of goods, especially agricultural, aquatic, food and construction products.
CK
Source: VITIC