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Vietnam-Asia trade reaches $475.3 bn in 2022; 9.6% rise YoY

07 Feb '23

1 min read

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Vietnam’s merchandise trade with Asia reached $475.29 billion last year, rising by 9.6 per cent compared to 2021, and accounting for the highest proportion (65.1 per cent) in the country's total import-export value. Its exports to Asian nations reached $177.26 billion in 2022, up by 9.5 per cent year on year (YoY), and its imports from Asian nations hit $298.03 billion, up by 9.6 per cent YoY.

The country witnessed a trade deficit only with Asia among the five continents.

Major trade partners of Vietnam in Asia include China, the Republic of Korea, Japan, and the Association of Southeast Asian Nations (ASEAN).

Vietnam's total import-export value of goods reached $730.2 billion last year, up by 9.1 per cent compared to 2021, according to a report in a Vietnamese newspaper.

The value of imports and exports between Vietnam and Americas, Europe, Oceania, and Africa was $153.73 billion (up by 10.5 per cent YoY), $75.45 billion (up by 2.8 per cent YoY), $17.62 billion (up by 24.3 per cent YoY) and $8.1 billion (down by 3.9 per cent YoY) respectively.

Fibre2Fashion News Desk (DS)

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