Vietnam exports to ASEAN down by 4.7% YoY to $10.85 bn in Jan-Apr 2023

28 May '23

1 min read

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Vietnam's exports to the ASEAN bloc fell by 4.7 per cent year on year (YoY) to hit $10.85 billion in the first four months this year, accounting for 10 per cent of the country's total exports.
Imports from ASEAN member nations fell by 17.6 per cent YoY during the period to reach $13.360 billion, accounting for 13.4 per cent of the country's total imports.

Vietnam’s exports to the Association of Southeast Asian Nations (ASEAN) hit $10.85 billion in the first four months this year, accounting for 10 per cent of the country’s total. The figure was a drop of 4.7 per cent year on year—a low level compared to the country’s 13 per cent drop of overall export revenue during the period.

Six among the 24 export markets with turnover of over $1 billion are ASEAN members.

Meanwhile, imports from ASEAN member nations during the period were worth $13.360 billion, accounting for 13.4 per cent of the country’s total imports—but down by 17.6 per cent year on year, resulting in a trade deficit of $2.51 billion—a decrease of 48 per cent compared to the same period last year.

Thailand was Vietnam’s largest market among ASEAN member countries, with two-way trade reaching $6.25 billion, a news agency reported. It was followed by the Philippines with $1.73 billion—up by 7 per cent year on year, and Indonesia, Cambodia and Malaysia.

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