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Monday,  10/21/2019

Nine-month export revenue picks up 8.2 percent


Vietnam exported 194.3 billion USD worth of products in the first nine months of the year, a year-on-year surge of 8.2 percent.

Statistics indicated that 30.7 percent of the export turnover was contributed by the domestic economic sector and 69.3 percent by the foreign-invested sector.

The US continued to be the largest importer of Vietnam as it splashed out 44.9 billion USD on purchasing Vietnamese goods, followed by the EU, ASEAN, Japan, and the Republic of Korea.

During the period, 26 products achieved an export turnover of more than 1 billion USD, with five of them posting more than 10 billion USD in export value.

Experts said that shipments of agricultural products and seafood depended much on the Chinese market, and once the Chinese Government tightened import standards, Vietnamese exporters would find it hard to bring their products to this market. Meanwhile, local firms maintained export advantage in the US, the EU, the Republic of Korea and Japan, with most of the exports being electronic products, garments-textiles, and footwear./.

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