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According to the latest information from the General Department of Vietnam Customs, the country's total export turnover from the beginning of the year to March 15th reached USD50.3 billion, a year-on-year increase of 6.8% over the same period in 2019.

Of which, 8 groups of goods made important contributions to the revenue, including: aquatic products; wood and wood products; textile and garment; footwear; computers, electronic products and components; phones and components; machinery, equipment, tools and spare parts; and means of transport and spare parts. Despite difficulties, the export of textiles and garments has reached a total turnover of nearly USD35.5 billion.

The above 8 groups of goods contribute 70.5% of the country's total export turnover. Notably, as of March 15th, Vietnam reported the first group of export products with a turnover of USD10 billion or more, while in the same period last year, no product reached this milestone.

The export value of the domestic sector saw a year-on-year increase of 8.7 per cent to $18.65 billion, accounting for 31 per cent of the country's exports. Meanwhile, the foreign-invested sector reaped $40.43 billion from overseas shipments, down 3 per cent year-on-year and making up 69 per cent of the total.

The U.S. was the largest export market with a value of $10.26 billion, up 25.7 percent. It was followed by the E.U. with $5.89 billion, down 4.6 percent. China came third with $5.48 billion, up 17.4 percent.

Phones and accessories were the first group of goods with turnover of over USD10.2 billion, a year-on-year increase of nearly 8.5%. The US, the European Union (EU), China, the Republic of Korea (RoK) are key markets of this goods group.

Computers and electronics followed at $5.4 billion, up 27.4 percent, with a surge of 135 percent in value to the U.S.

Textiles came third at $4.7 billion, up 2.2 percent, but with a fall of 4.2 percent to China. The sector faced difficulties in the first two months as local manufacturers struggled to source materials from China where the novel coronavirus first erupted.

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