Total export turnover was estimated at US$83.5 billion, representing a year-on-year increase of 14.1%.

Of the figure, the domestic economic sector made up US$27.7 billion, up 12.2%, while foreign invested enterprises (FIEs) accounted for US$55.8 billion, up 15%.

In the reviewed period, Vietnam’s key export products included mobile phones and spare parts, garments and textiles, footwear, seafood, machinery, equipment, tools, wood and timber products, coffee and pepper.

Some products showed decreases in export volume and value such as rice, cassava, rubber, coal, oil and gas.

By July 2014, the US was the largest exporting market of Vietnam followed by the EU, ASEAN, China, Japan and the Republic of Korea.

China was the largest import market of Vietnam which realized a trade deficit of approximately US$14.8 billion, up 14.4%.