US remains Vietnam's largest market and grew 20%.
Vietnam’s total exports in August stood at $14.5 billion, 2.3 per cent higher than in July and up 9.5 per cent against August 2014, according to the General Statistics Office. The domestic sector recorded exports of over $4 billion, a 3.4 per cent increase, while the foreign sector recorded over $10 billion (including crude oil), a 1.7 per cent increase.
In the first eight months of the year total exports reached over $106 billion, a 9 per cent increase year-on-year. The domestic sector exported nearly $32 billion, a 2.5 per cent decline, while the foreign sector exported $75 billion (including crude oil), a 15 per cent increase.
The US was Vietnam’s largest export market, with a total of over $22 billion, an increase of 20 per cent against the same period last year. The EU was second highest, with over $20 billion, a 12 per cent increase, followed by ASEAN with over $12 billion, down 3 per cent, China with over $10 billion, up 5.6 per cent, Japan with over $9 billion, down 5 per cent, and South Korea with over $5 billion, up 16 per cent.
A number of commodities recorded strong growth year-on-year. Phones and components reached nearly $20 billion (a 31 per cent increase), textiles $15 billion (an 11 per cent increase), computers and components $9.9 billion (a 52 per cent increase), and footwear $8 billion (a 21 per cent increase).
Exports of certain commodities fell in the period, including seafood, by 17 per cent to $4 billion, vehicles and spare parts 7 per cent to $3.6 billion, and rubber over 10 per cent to $921 million.