Viet Nam’s trade with ASEAN up 35% in January
Viet Nam’s trade value with other ASEAN Member States saw a year-on-year increase of 35 percent in January, reaching US$6.81 billion, statistics of the General Department of Customs showed.
During the month, Viet Nam's exports to the bloc hit US$3.19 billion, up 45 percent and making up 9.2 percent of the nation's total export value.
Within ASEAN, Thailand continued the biggest importer of Viet Nam's commodities with US$734 million, accounting for 22 percent and up 31.6 percent.
It was followed by Indonesia US$562 million, up 59 percent, the Philippines US$498 million, up 71 percent, Cambodia US$448 million, up 17 percent, Malaysia US$464 million, up 73 percent and Singapore US$397 million, up 36 percent.
Remarkably, in the first month of the year, Viet Nam's exports to Laos recorded a remarkable growth of 104 percent, achieving US$56 million.
Meanwhile, the nation spent US$3.62 billion in imports from the bloc, up 28 percent and making up 11.7 percent of the country's total import value.
In January, Viet Nam reported a trade deficit of US$430 million with other countries in ASEAN.
Last year, Viet Nam's trade value with ASEAN attained US$73.4 billion. The country's exports and imports from the bloc were estimated at US$32.5 billion and US$40.8 billion, down 4.5 percent and 13.4 percent, respectively./.
Source: VGP
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