AsemconnectVietnam - According to the statistics figures of the General Department of Customs, the export turnover of Vietnamese goods to Thailand in April of 2023 reached 544 million USD, down by 17.1% compared to the previous month.

Generally, the first 4 months of 2023, the country’s total exports of goods to Singapore reached 2.4 billion USD, up by 0.5% over the same period last year.
In the first 4 months of 2023, the leading item in export turnover was the group of phones and components with 391.6 million USD, up by 11.2% over the previous month, accounting for 16.3% of the total export proportion. The next was the group of machinery, equipment, tools and spare parts with 301.8 million USD, up by 1.3% compared to the previous month, accounting for 12.5% of the export proportion. It was followed by vehicles and spare parts with 251 million USD, accounting for 10.4% of export proportion.
Some groups of goods exported to Thailand in the first 4 months of 2023 grew quite well compared to the same period last year, such as chemicals increased by 126.7 %; coffee increased by 123.2%; footwear of all kinds increased by 88.5%.
Vietnam and Thailand have agreed on a number of specific orientations, solutions, and action plans for the cooperation relationship between the two countries in the coming period. The two sides will continue to coordinate more closely in creating a favorable environment for import and export activities of enterprises. It is necessary to pay more attention to trade development solutions in a more balanced and mutually beneficial direction.
A number of specific measures, such as minimizing the application and finding ways to solve unnecessary trade barriers to ensure the normal operation of supply chains as well as establishing a channel for information exchange between agencies in charge of trade remedies, should be carried out.
At the same time, the two countries should also coordinate to organize trade promotion activities in Thailand and Vietnam, encourage Thai retail groups to act as a bridge to bring Vietnamese goods to Thai consumers and consumers in countries where Thailand has invested in developing distribution systems.
CK
Source: VITIC