Hanoi, Dec 28 (SocialNews.XYZ) Vietnam recorded export turnovers of approximately $281.5 billion in 2020, up 6.5 per cent year-on-year, and import turnovers of over $262.4 billion, up 3.6 per cent, with a trade surplus of $19.1 billion, the highest in the past five years, the General Statistics Office said on Monday.
Specifically, Vietnam gained nearly $50.9 billion from exporting phones and components, down 1 per cent; roughly $44.7 billion from electronic goods, computers and components, up 24.4 per cent; around $29 billion rom garments and textiles, down 10.2 per cent; and nearly $16.6 billion from footwear, down 9.6 per cent, reports Xinhua news agency.
The US remained Vietnam's biggest importer with turnovers of $76.4 billion, tailed by China with $48.5 billion and the European Union with $34.8 billion, said the office.
In the same period, Vietnam spent nearly $64 billion importing electronic goods, computers and components, up 24.6 per cent; roughly $37.4 billion on machines, equipment and spare parts, up 1.7 per cent, and $16.6 billion on phones and components, up 13.3 per cent.
Meanwhile, China was Vietnam's largest exporter with turnovers of $83.9 billion, followed by South Korea with $46.3 billion and the Association of Southeast Asian Nations with $30 billion, according to the office.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
