According to Vietnam's latest "Prices of Material Market" report, from the end of January to the end of this year, 13 key products from Vietnam have exceeded $1 billion in export value. These include textiles and clothing, crude oil, footwear, aquatic products, rice, timber and its derivatives, mechanical equipment and accessories, computers and their components, precious stones, precious metals and their products, coffee, steel and mineral products, and rubber. This achievement highlights the country's growing role in global trade.
This year, export prices for various Vietnamese goods have seen significant increases. For example, rubber prices rose by 83%, ore by 52%, crude oil by 39.6%, pepper by 38.4%, and cashews by 19%. These price hikes have contributed an additional $2.5 billion to Vietnam’s export revenue, boosting the economy and improving trade balances.
Since the start of this year, Vietnam's exports have been primarily directed toward the Asian market, which accounted for 48% of total exports—an increase of 28% compared to the same period last year. Within Asia, the ASEAN region made up 16.5% of exports, rising by 15%. Exports to the Americas reached 23% of total shipments, up 24% year-on-year. Meanwhile, exports to Europe fell slightly by 4.4%, but remained a significant market for Vietnamese goods.
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