Exports to several markets rise in first 4 months despite COVID-19
Export turnover to the U.S. valued $19 billion, representing a year-on-year growth of 22%. Photo: baoquocte.vn
Minister Tuan Anh said that Vietnam has sought to shift to new export markets.
In the first four months, export turnover to the U.S. valued $19 billion, representing a year-on-year growth of 22%; to Canada with $975 billion (up 13%); Mexico with $798 million (up 61%); Brazil with $511 million (up 11%); Chile with $287 million (up 93%).
Other markets witnessing export turnover increase included China with $9.35 billion (up 22.8%); Japan with $5 billion (up 7.8%); Australia with $924 million (up 11.6%). However, export turnovers dropped in others especially Europe with $9.61 billion (down 5.7%).
Due to the COVID-19 outbreak, from late March, a large number of importers from the U.S. and EU suspended, canceled or even stopped orders. In other markets, made-in-Viet Nam exports were affected by tight medical quarantine regulations and customs clearance.
In the short term, Vietnam will resume trade activities with China, the RoK, and Japan and is ready to enforce the EU-Vietnam Free Trade Agreement.
The MoIT also tasked affiliated units to craft measures in the post COVID-19 period in an effort to implement the PM’s Directive 19 regarding the ongoing implementation of Covid-19 disease prevention and control.
Especially, the ministry will review export performance of key products including garments and textiles, footwear, electronics, rubber products, food processing, fertilizer, and chemicals.
Source: VGP
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