Vietnam’s exports to ASEAN increase

The volume of goods exported to ASEAN in 2012 reached US$17.08 billion in 2012, up by 25.7 percent from 2011, and accounting for 14.9 percent of the country’s total export earnings.

The volume of goods exported to ASEAN in 2012 reached US$17.08 billion in 2012, up by 25.7 percent from 2011, and accounting for 14.9 percent of the country’s total export earnings.

The major earners were computers and electronic products ($844 million), mobile phones and components ($750 million), rubber ($339 million), steel ($243 million), and coffee ($224 million).

Singapore remained Vietnam’s largest trading partner at $9.03 billion, followed by Thailand at $8.41 billion, Malaysia at $7.91 billion, Indonesia at $4.61 billion, Cambodia at $3.32 billion, Philippines at $2.84 billion, Laos at $866 million, Brunei at $627 million, Myanmar at $227 million.

Vietnam’s largest importer is Malaysia, followed by Cambodia, Thailand and Indonesia.

Meanwhile, Vietnam’s trade surplus to the Americas in 2012 hit $15.3 billion, a growth of 15 percent from the previous year.

Customs records showed that two-way trade between Vietnam and American market reached $31.3 billion, of which Vietnam exports accounted for $23.3 billion.

The strong performance is mainly due to the sharp increase in export revenue from several major markets, such as the US ($19.5 billion, up 16 percent), Canada ($1.14 billion, up 18 percent), Brazil ($710 million, up 19 percent) and Mexico ($658 million, up 16 percent).

Its key export items include garments ($8 billion, up 9 percent), footwear ($3 billion, up 17 percent), timber ($1.88 billion, up 29 percent), seafood ($1.56 billion, up 4 percent), machinery and equipment ($1.08 billion, up 57 percent) and computer and electronic devices ($1.05 billion, up 50 percent).

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