The country’s trade surplus figures with European and American nations are estimated to reach around $33 billion and $92 billion respectively, according to the ministry of industry and trade’s European-American market department.
Vietnam exported goods worth $166 billion (down by 9.6 per cent YoY) to Europe and America this year, and imported products worth nearly $41 billion (9.1 per cent) from these markets.
Its export turnover to some key markets have fallen sharply: the United States ($96.9 billion, down by 12.4 per cent), and the European Union ($43.7 billion, down by 6.7 per cent).
Increases, however, were recorded in some markets, including the United Kingdom and countries in the Eurasian Economic Union (EAEU) and the Southern Common Market (Mercosur), a domestic news outlet reported.
Market demand in the world in general, and Europe and America in particular, are gradually recovering as inflation has seen a downward trend from 2023 end.
ALCHEMPro News Desk (DS)
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