The US also Vietnam's largest importer, while China is biggest exporter.
According to the latest figures from Vietnam Customs, in the first half of 2015 total trade between Vietnam and its Asian partners reached $105 billion, an increase of 12.8 per cent compared to the first half of 2014 and continued to account for the highest proportion, of 66.2 per cent. Vietnam’s trade with America was $26.2 billion, a remarkable increase of 21.1 per cent year-on-year, while trade with Europe was $21.86 billion, up 7.9 per cent. Only trade with Oceania saw a decline, of 9.4 per cent, to $2.95 billion, while trade with Africa was $2.14 billion, a significant increase of 21.8 per cent.
In terms of exports, Asia remained Vietnam’s biggest market, with $38.1 billion worth in the first half, followed by America with $19.72 billion, Europe $16.53 billion, Oceania $1.74 billion, and Africa $1.67 billion.
The US continued to be Vietnam’s largest trading partner, with $15.79 billion, an increase of 19.2 per cent over the same period of 2014. China followed with $7.73 billion, up 5.2 per cent.
Imports from Asian countries reached $66.53 billion, or nearly 83 per cent of the total, followed by America with $6.5 billion, Europe $5.3 billion, Oceania $1.21 billion, and Africa $940 million.
China was the largest exporter to Vietnam, with $24.22 billion, an increase of 23.2 per cent over the first half of 2014, while exports from South Korea stood at $17.73 billion dollars, up 31 per cent.