The seven days of the Lunar New Year from February 10 to February 16 saw Vietnam export goods to over 80 markets, with the largest volume of exports going to China.

China, Vietnam’s biggest trade partner, imported US$189 million worth of products, making up 26% of Vietnam’s total export revenue.

Exports to the United States came in second with US$152 million, accounting for 21% of the total export revenue. This was followed by the Republic of Korea (RoK) with US$67 million, 9% of the total, and Hong Kong (China) with US$57 million, making up 8%.

Local firms imported goods from 57 countries and territories worldwide throughout the reviewed period. The largest volume of imports came from the RoK with US$355 million, accounting for 38% of total import revenue. Elsewhere, China came in second with US$159 million, making up 17%, while the US, Ireland, and Taiwan (China) came in third, fourth, and fifth, accounting for 9%, 8.5%, and 8%, respectively.

According to the General Department of Vietnam Customs, Vietnam’s import and export turnover during the annual holiday hit US$1.67 billion, up 53% from last year.

Phones and parts posted the largest export turnover among export items with US$332 million, accounting for 45% of total exports.

Vietnam mainly imported computers and electronic products and components with a value of US$538 million, or 57% of total imports.

Since the start of the year to February 16, the country reported total import and export revenue of US$74.5 billion, an increase of 31% on-year. Of the total, export revenue hit US$38.5 billion, securing a trade surplus of US$2.6 billion.