Vietnam's exports are higher than Malaysia, Thailand, and Indonesia

According to statistics of the General Department of Vietnam Customs, in the first eight months of 2022, the total import and export value of the country reached $499.71 billion, up 15.9% (corresponding to an increase of 15.9%). $68.69 billion) over the same period in 2021.

In which, export turnover reached USD 252.60 billion, up 18.2% (equivalent to USD 38.85 billion) and import turnover reached USD 247.11 billion, up 13.7% (corresponding to an increase of USD 38.85 billion). 29.84 billion USD) over the same period in 2021. Accordingly, Vietnam's trade balance of goods had a trade surplus of 5.49 billion USD in the first 8 months of 2022.

According to the Malaysian Customs Department, the total import and export value of Malaysia reached about 401.37 billion USD in the first eight months of 2022. In which, the export turnover reached about 215.94 billion USD and the import turnover reached about 215.94 billion USD. $185.38 billion. Accordingly, Malaysia had a trade surplus of 30.56 billion USD in the first 8 months of 2022.

According to the Thai Ministry of Commerce, in the first 8 months of 2022, the import and export value of Thailand reached 407.03 billion USD. In which, export turnover reached 196.45 billion USD, up 11% over the same period and import turnover reached 210.58 billion USD, up 21.4% over the same period last year. Accordingly, Thailand had a trade deficit of 14.13 billion USD in the first 8 months of 2022.

Regarding the import and export situation of Indonesia in the first 8 months of the year, according to the Indonesian Statistics Office, the import and export value of Indonesia's goods reached about 383.44 billion USD. In which, export turnover reached 194.6 billion USD and import turnover reached 188.84 billion USD. Accordingly, Indonesia had a trade surplus of 5.76 billion USD in the first 8 months of 2022.

According to the Philippine Bureau of Statistics, the import and export value of Philippine goods is about 145 billion USD. In which, export turnover reached about 60 billion USD and import turnover reached about 90 billion USD. Accordingly, the Philippines has a trade deficit of 30 billion USD in the first 8 months of 2022.

In terms of commodity exports alone, Vietnam's export turnover is leading in the group of countries including Malaysia, Thailand, Indonesia and the Philippines in the first eight months of 2022. Following Vietnam is Malaysia, then Thailand. Lan, Indonesia and the Philippines.

 

Export turnover of Vietnam and some countries in the region in the first 8 months of 2022. Source: Customs Departments of countries.

In the first eight months of 2022, Vietnam's export turnover is 1.17 times higher than that of Malaysia, Thailand, Indonesia and the Philippines, respectively; 1.28 times; 1.29 times and 4.21 times.

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