AsemconnectVietnam - By the end of August, Vietnam's exports reached 305.96 billion USD, up by 14.8% over the same period last year (equivalent to an increase of 39.53 billion USD), according to the latest preliminary statistics of the Customs Department.

Import-export activities continued to be a bright spot of Vietnam's economy in the past 8 months. In particular, it is impossible not to mention the positive results and contributions in the three key markets of the United States, China and South Korea.
The 3 major markets mentioned above alone accounted for about 52.3% of the country's total export turnover.
Over the past 8 months, the United States continued to affirm its position as Vietnam's largest export market, with a total turnover of more than 99 billion USD.
This result is an impressive growth of 26.38% over the same period last year (equivalent to an increase of about 20.7 billion USD).
The main driving force for this breakthrough comes from the technology and consumer goods industries.
The most prominent is the group of computers, electronic products and components with a turnover of more than 26 billion USD. This result is an exceptional growth of 67.68% (equivalent to an increase of 10.53 billion USD).
This remarkable growth showed the increasingly important role of Vietnam in the global technology supply chain and the strong demand of the United States for electronic products.
Along with that, the group of machinery, equipment, tools and spare parts also recorded strong growth, reaching 5.19 billion USD, an increase of 15.25% (equivalent to an increase of 2 billion USD).
Textiles and garments were the third group worth tens of billions of USD in the US market. In the past 8 months, exports of this group of products to the world's largest economy reached more than 12 billion USD, an increase of 11.79% (equivalent to an increase of 1.27 billion USD).
With the above results, the United States continued to be the largest export market for textiles and garments, accounting for 45.6% of the country's total export turnover of this item.
In addition to the three major export groups mentioned above, another notable highlight was the export of toys, sports equipment and parts with a turnover of nearly 3.74 billion USD, an increase of 227.6% (equivalent to an increase of nearly 2.6 billion USD).
In addition, by the end of August, many export groups to the United States reached a turnover of billions of USD and also had a fairly good growth rate such as: wood and wood products; footwear; plastic products...
The Chinese market has a remarkable recovery
For the Chinese market, by the end of August, the total turnover reached more than 42 billion USD, an increase of 9.18% (equivalent to an increase of more than 3.5 billion USD).
The above results not only help this neighboring country continue to maintain its role as Vietnam's second largest export market, but also reflect a remarkable recovery in recent months.
At the end of the first quarter, the exports to China only increased by 1.2%, at the end of the second quarter this figure increased to 4.3% and by the end of August it continued to increase to an impressive figure of 9.18% as mentioned above.
Similar to the United States, in the Chinese market, the group of computers, electronic products and components is also the largest export item and has impressive growth with a turnover of more than 11 billion USD, an increase of 38.63% (equivalent to an increase of more than 3 billion USD).
Machinery, equipment, tools and spare parts also recorded a strong growth rate, reaching 3.45 billion USD, an increase of 57.34% (equivalent to an increase of 1.26 billion USD).
The seafood industry is also having a period of prosperity in the Chinese market with a turnover of nearly 1.42 billion USD, an increase of 39.93%.
However, the past 8 months also recorded a number of large commodity groups with a decrease in turnover in the Chinese market such as phones and components down by 8.51%; vegetables and fruits down by 9.33%; wood and wood products down by 11.36%.
Maintaining stable growth in the South Korean market
By the end of August, the country’s exports to South Korea reached 18.93 billion USD, an increase of 11.77% over the same period last year. With this result, Korea continues to be the third largest export market of Vietnam.
Like the two leading markets, computers, electronic products and components were also the largest commodity group and the leading important driving force in export growth to the "land of kimchi".
In the past 8 months, the exports of computers, electronic products and components reached 5.48 billion USD, a sharp increase of 56.47% over the same period last year (equivalent to an increase of nearly 2 billion USD).
Telephones of all kinds and components also had positive growth, reaching 2.7 billion USD, an increase of 9.25% (equivalent to an increase of more than 220 million USD).
Another notable growth driver was means of transport and spare parts, reaching 1.2 billion USD, an increase of 10.25% (an increase of more than 110 million USD)...
It can be said that by the end of August, Vietnam's exports to the three largest markets showed a positive growth picture.
Notably, the common and strongest growth driver in all three markets mentioned above is the group of computers, electronic products and components, affirming the trend of shifting export structure to high-tech products and products with greater added value in Vietnam.
CK
Source: VITIC/ haiquanonline.com.vn