Vietnam’s exports to EU, US see sharp drop in 2023

Vietnam's trade surplus remained positive at US$125bil this year with a surplus of US$33bil with the EU and US$92bil with the US.

HANOI: Vietnam’s exports to the European Union (EU) and the United States in 2023 were estimated to reach around US$166bil, a 9.6% decrease while imports were estimated at nearly US$41bil, a 9.1% decrease in comparison to 2022.

The South-East Asian economy’s trade surplus, however, remained positive at US$125bil this year with a surplus of US$33bil with the EU and US$92bil with the US.