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The Financial Express

Vietnam's export turnovers rise 4.7pc in 10 months

| Updated: November 02, 2020 13:34:08


Lankabangla and Fianancial Express Lankabangla and Fianancial Express
File photo. (Collected) File photo. (Collected)

Vietnam's export and import turnovers in the first 10 months of 2020 increased by 4.7 per cent and 0.4 per cent year-on-year respectively, according to the country's General Statistics Office on Friday.

Export revenues totaled nearly 229.3 billion US dollars and import turnovers reached $210.5 billion during the period, said the office, noting that the country posted a record trade surplus of more than $18.7 billion in the 10-month period, reports Xinhua.

Between January and October, the United States remained Vietnam's biggest importer with turnovers of $62.3 billion, followed by China with $37.6 billion and the European Union with $28.9 billion, according to the office.

Meanwhile, China was Vietnam's largest exporter with turnovers of $65.8 billion, followed by South Korea with $37.4 billion, and the Association of Southeast Asian Nations (ASEAN) with $24.4 billion, the office said.

In 2019, Vietnam's total trade turnover reached nearly $517 billion with an export turnover of approximately $263.5 billion, up 8.1 per cent against 2018.

The country posted a trade surplus of more than $9.9 billion, the highest level in the past four years.

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