Thailand is Vietnam's largest export market in ASEAN.

Thailand is Vietnam's largest import market in ASEAN. Thailand's petroleum imports from Vietnam increased nearly 16 times.

According to the General Department of Customs, in the first 8 months of 2024, Vietnam - ASEAN trade reached 54.9 billion USD, up 12.5% over the same period last year. Vietnam had a trade deficit of 5.6 billion USD of goods from this bloc.

Regarding exports, in the first 8 months of 2024, Vietnam earned 24.6 billion USD from exporting goods to ASEAN, up 12.6% over the same period last year.

Thailand continued to be the largest export market with a value of 5.23 billion USD, up 7.2% over the same period last year. Following were Indonesia with 4.15 billion USD and the Philippines with 4.07 billion USD, up 23.6% and 17% respectively over the same period last year.

Also in the billion-dollar group, goods exported to Cambodia reached 3.52 billion USD, up 3.9% over the same period last year; Malaysia reached 3.48 billion USD, up 4.2% over the same period last year; Singapore with 3.46 billion USD, up 26.3% over the same period last year.

Exports to 6 markets with a turnover of billions of USD in the bloc reached a total of 23.93 billion USD, accounting for 97% of exports to ASEAN.

Thái Lan là thị trường xuất khẩu lớn nhất của Việt Nam trong khối ASEAN

Thailand is Vietnam's largest export market in ASEAN. Photo: Trang Nhi

In the bloc, Myanmar is the only export market with a decrease in turnover of 36.7% compared to the same period last year, to 197 million USD.

In contrast, Brunei saw a 569% increase in turnover compared to the same period last year, reaching 87.7 million USD. Vietnam also earned 429 million USD from exporting goods to Laos, up 20.6% compared to the same period last year.

Regarding imports, Vietnam spent 30.2 billion USD importing goods from ASEAN in the first 8 months of 2024, up 12.4% over the same period last year.

Thailand was the largest import market with 7.8 billion USD, up slightly by 1.3% over the same period last year. The other two markets with import turnover of over 6 billion USD were Indonesia with 6.5 billion USD, up 14.5% and Malaysia with 6.14 billion USD, up 22.4% over the same period last year.

Singapore and Cambodia followed with turnover reaching 3.35 billion USD, a slight increase of 1.3% over the same period last year and 3.3 billion USD, an increase of 28.4% over the same period last year, respectively.

In the billion-dollar group, the Philippines is Vietnam's import market with the lowest turnover of 1.66 billion USD, up 4% over the same period last year.

Vietnam's total import turnover from the above 6 markets reached 28.8 billion USD, accounting for 95% of the import proportion of goods from this bloc in the first 8 months of 2024.

In addition, Vietnam also spent 915 million USD on goods from Laos, up 25.7% over the same period last year; imported 336 million USD from Brunei, up 252% over the same period last year and 207 million USD from Myanmar, up 16.7% over the same period last year.

Source: https://congthuong.vn/thailand-la-thi-truong-xuat-khau-lon-nhat-cua-viet-nam-trong-khoi-asean-346019.html