The report said that despite the raging COVID-19 pandemic, high transportation costs affected by political tensions and conflict between Russia and Ukraine, Vietnam earned 88.6 billion USD from export of goods, up 13%, while import of goods reached 87.7 billion USD, up 16%. So, Vietnam enjoyed a trade surplus of 809 million USD in the first quarter of the year.
Exports of domestic businesses increased higher than that of the foreign-invested sector, showing the efforts in restoring production and business and resuming supply chains. Quarter 1 recorded 16 items with export turnover of over 1 billion USD, an increase of five items compared to the same period last year.
The US was Vietnam's largest export market, followed by China, the EU, ASEAN, South Korea, and Japan.