Four biggest export markets of Vietnam
Four biggest export markets of Vietnam
According to the General Department of Customs, by the end of February 2015, Vietnam’s four major export markets, the US, China, Japan and South Korea, brought $9.8 billion to the country.
The US is the largest export market of Vietnam, with turnover of up to $4.471 billion. In 1994, the figure was only $94.9 million.
Notably, earnings from textiles and garments from this market were the highest, with $1.57 billion, accounting for 35% of total exports.
The second export market is China, with $2.21 billion. The major export products to China are computers, electronic products and components, fiber and yarn, cameras and camcorders.
Vietnam also exported 300,000 tons of crude oil to China in the past two months, an increase of 62.5%. Machinery, equipment and spare parts also reached $94 million, up 60.4%. China is also a big market for Vietnam’s rice and footwear.
At third place is Japan, with about $2.064 billion. The major products to this market are textiles and garments ($412 million), up 9.4%, followed by vehicles, machinery and spare parts ($207 million), bags, wood and wood products, seafood, and footwear.
The fourth is South Korea with $1.087 billion, with major products consisting of machinery, electronics, computers, textiles and garment.
With a total turnover of more than $9.8 billion, these four markets accounted for 42.8% of the total export turnover of the country in the first two months of 2015.
