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US and China remained the biggest trade partners of Vietnam in first 10 months of 2020
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The surplus became bigger than nine-month achievement which was reported earlier at $16.52 billion.

In the Jan.-Oct. period, China and the US remained the biggest trade partners of Vietnam. The country suffered a $28.2 billion trade deficit with China since the beginning of the year, the Inside Out citing a report from Vietnam Business Reviews

According to Inside Out, the Southeast Asian economy exported $37.6 billion worth of products to China, up 14 percent while spending $65.8 billion to buy Chinese goods, up 6.2 percent over the same period last year.

For the US market, Vietnam enjoyed a $50.7 billion trade surplus in the ten-month period. The States is Vietnam’s largest export market with a revenue of $62.3 billion, up 24 percent, while imports from the US dropped 2.4 percent to $11.6 billion.

Generally, in 10 months, Vietnam’s exports were estimated at $229.27 billion, up 4.7 percent, while imports were estimated at $210.55 billion, up 0.4 percent over the same period last year.

In the period, 31 items had an export turnover of over $1 billion, accounting for 91.8 percent of the total export turnover, and 34 items with an import turnover of over $1 billion, accounting for 89.4% of the total import turnover.

By Inside Out/ Vietnam Business Reviews

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