Compared with the estimated trade surplus of 3.5 billion USD given by the General Statistics Office, the realized figure was only 2.96 billion USD because exports were lower than expected, while imports increased sharply.
Many businesses are confident in the prospect of export recovery in the last months of the year.
In the first 6 months of 2020, amid the destruction of Covid-19, exports from Vietnam were almost on par with India's. In fact, Vietnam's exports this year will still grow 3% on average, while India's exports have grown negative 24% during the same period.
In 2019, Ho Chi Minh City had 5 items with an export value of over $ 1 billion. China is the largest export market of Ho Chi Minh City with a turnover of over 8 billion USD.
Computers, electronic products and components accounted for the highest proportion of exports with 14.9 billion USD, accounting for 37.5% of total export turnover. This is also the highest import item with 13.4 billion USD.
