Export growth was driven by high-tech products, particularly computers, electronics, and components. The US remained Vietnam’s largest market for electronic goods, with exports of computers and electronics to the US rising 60% to 17 billion USD. Exports to China, Hong Kong (China), South Korea, and Mexico also posted strong growth.
Meanwhile, rising imports reflected growing demand for raw materials, components, and machinery used for production and exports.
The Customs Department said imports grew faster than exports, resulting in a trade deficit of 7.64 billion USD, compared with a trade surplus of 4.2 billion USD in the same period last year.
