Thailand Remains Vietnam's Largest Export Market in ASEAN

	ASEAN to Enhance Military Intelligence Cooperation for Regional Peace and Security
	Vietnam Participates in ASEAN Chiefs of Defense Forces Meeting

According to the General Department of Customs, in the first eight months of 2024, Vietnam's trade with ASEAN reached US$54.9 billion, a 12.5% increase compared to the same period last year. Vietnam had a trade surplus of US$5.6 billion in goods from this bloc.

Thailand is Vietnam's largest export market in ASEAN. Photo: Trang Nhi

Regarding exports, in the first eight months of 2024, Vietnam earned US$24.6 billion from exporting goods to ASEAN, a 12.6% increase year-on-year.

Thailand continued to be the largest export market with a value of US$5.23 billion, up 7.2% year-on-year. Following were Indonesia with US$4.15 billion, and the Philippines with US$4.07 billion, increasing by 23.6% and 17% year-on-year,respectively.

Exports to Cambodia reached US$3.52 billion, up 3.9% year-on-year, exports to Malaysia reached US$3.48 billion, up 4.2% year-on-year, and Singapore reached $3.46 billion, up 26.3% year-on-year.

Within the bloc, Myanmar was the only export market to experience a decline in value, decreasing by 36.7% year-on-year to US$197 million. Conversely, Brunei saw a significant increase of 569% year-on-year, reaching US$87.7 million. Vietnam also earned US$429 million from exporting goods to Laos, up 20.6% year-on-year.

Regarding imports, Vietnam spent US$30.2 billion on imports from ASEAN in the first eight months of 2024, a 12.4% increase year-on-year. Thailand was the largest import market with US$7.8 billion, up 1.3% year-on-year. Two other markets with import values exceeding US$6 billion were Indonesia with US$6.5 billion, up 14.5%, and Malaysia with US6.14 billion, up 22.4% year-on-year. Singapore and Cambodia followed with values of US$3.35 billion, up slightly by 1.3% year-on-year, and US$3.3 billion, up 28.4% year-on-year, respectively.

The Philippines was Vietnam's smallest import market with US$1.66 billion, up 4% year-on-year. The total import value of Vietnam from the six aforementioned markets reached US$28.8 billion, accounting for 95% of the total import value from the bloc in the first eight months of 2024. Additionally, Vietnam spent US$915 million on goods from Laos, up 25.7% year-on-year, imported US$336 million from Brunei, up a significant 252% year-on-year, and US$207 million from Myanmar, up 16.7% year-on-year.

US Market Sees Robust Demand For Vietnamese Goods Over the past seven months, US importers have spent an average of nearly $9.5 billion per month on Vietnamese goods, with the highest spending on ...

Vietnam And Japan Expand Cooperation on Visas, ODA, & Labor Export Foreign Minister Bui Thanh Son affirmed that the Vietnam-Japan Comprehensive Strategic Partnership continues to develop significantly and effectively in all areas with high political trust. ...