February 19, 2018 01:23

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China, Korea and the US are the leading trading partners of Vietnam

11:22 | 15/06/2017

VCN- According to the General Department of Vietnam Customs, China remains the largest trading partner of Vietnam in the first five months of 2017 with a turnover of $US 32.76 billion, up 23.6% over the same period last year.

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Structure of the Vietnam's largest import-export markets in the first five months of 2017

Followed by Korea with $US 23.94 billion, sharply increasing by 45.2%; the US market gave up place to Korea and became the Vietnam's third largest trading partner with a turnover of $US 19.96 billion, up 12.9%; the EU (28 countries) was the Vietnam's fourth largest trading partner with a two-way turnover of $US 19.66 billion, up 13.3%.

In the five months of 2017, among Vietnam's ten largest trade partners, only three partners had a trade surplus. Among them, the United States is the largest importer of Vietnam with a trade surplus of $US 12.07 billion; Followed by the EU market with a trade surplus of $US 10.03 billion, the Japanese market with a smaller trade surplus of $ US 152 million.

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Meanwhile, in terms of trade deficit, the Korean market is the leading exporter with a deficit of $ US 12.96 billion, followed by Chinese market with $ US 11.5 billion; and Taiwan with $ US 3.9 billion.

By Ha Nhi/Ngoc Loan