- ExportImportImport and Export
- 07 July 2023

Vietnam’s Exports and Imports Declined in Q1-2023 from Q1-2022
Vietnam’s total exports in the Jan-Mar period of 2023 declined to USD 92337 million from USD 107293 million in the same quarter of 2022. Imports also went down to USD 95224 million in Q1 of 2023 from USD 119280 million in Q1 of 2022. The data shows that the United States and China are the biggest export market of Vietnam. According to a report, smartphones slumped 16% to USD 21 billion, meanwhile, garments and footwear fell 17% and 13% to USD 12 billion and USD 8.2 billion, respectively.
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