In 2022, the market for exporting and importing goods to the United States with an estimated turnover of 109.1 billion USD will become Vietnam's largest import-export market. As the largest market, it is easy to recognize the presence of all major export product groups of Vietnam in the US market. Specifically, in the 5 largest export product groups of Vietnam in the first 7 months of the year with a turnover of 10 billion USD or more, the United States all held the position as the No. 1 market. In particular, machinery, equipment and accessories Spare parts are the product group most exported to the United States, with export turnover reaching 20.1 billion USD, accounting for 18.4% of Vietnam's total export turnover to the United States in 2022. Next is the textile group. , garment with export turnover reaching 17.3 billion USD, accounting for 15.8%. Followed by computers, electronic products and components; Phones of all types and components, with export turnover reaching 15.9 billion USD and 11.8 billion USD, respectively.
After the United States, China is Vietnam's second largest export market, with a turnover of 57.2 billion USD. Next are Korea, Japan and Hong Kong (China), with export turnover reaching 24.29 billion USD, 24.23 billion USD and 10.9 billion USD respectively. In addition, China is Vietnam's largest import market with an estimated turnover of 119.3 billion USD. In 2022, trade surplus to the EU is estimated to reach 31.8 billion USD, an increase of 36.8% compared to the previous year; Trade surplus to Japan was 836 million USD (last year's trade deficit was 2.7 billion USD); Trade deficit from China is 60.9 billion USD, an increase of 11.5%; Trade deficit from Korea 38.3 billion USD, up 11.5%; Trade deficit from ASEAN is 13.6 billion USD, an increase of 10.6%. In 2022, trade surplus to the EU is estimated to reach 31.8 billion USD, an increase of 36.8% compared to the previous year; Trade surplus to Japan was 836 million USD (last year's trade deficit was 2.7 billion USD); Trade deficit from China is 60.9 billion USD, an increase of 11.5%; Trade deficit from Korea 38.3 billion USD, up 11.5%; Trade deficit from ASEAN is 13.6 billion USD, an increase of 10.6%. The Ministry of Industry and Trade will also strongly deploy activities to support trade promotion, connect supply and demand through cross-border trade and e-commerce system channels, and support businesses in accessing new policies of the Government. Each market removes barriers to diversify markets to promote exports.
After the United States, China is Vietnam's second largest export market, with a turnover of 57.2 billion USD. Next are Korea, Japan and Hong Kong (China), with export turnover reaching 24.29 billion USD, 24.23 billion USD and 10.9 billion USD respectively. In addition, China is Vietnam's largest import market with an estimated turnover of 119.3 billion USD. In 2022, trade surplus to the EU is estimated to reach 31.8 billion USD, an increase of 36.8% compared to the previous year; Trade surplus to Japan was 836 million USD (last year's trade deficit was 2.7 billion USD); Trade deficit from China is 60.9 billion USD, an increase of 11.5%; Trade deficit from Korea 38.3 billion USD, up 11.5%; Trade deficit from ASEAN is 13.6 billion USD, an increase of 10.6%. In 2022, trade surplus to the EU is estimated to reach 31.8 billion USD, an increase of 36.8% compared to the previous year; Trade surplus to Japan was 836 million USD (last year's trade deficit was 2.7 billion USD); Trade deficit from China is 60.9 billion USD, an increase of 11.5%; Trade deficit from Korea 38.3 billion USD, up 11.5%; Trade deficit from ASEAN is 13.6 billion USD, an increase of 10.6%. The Ministry of Industry and Trade will also strongly deploy activities to support trade promotion, connect supply and demand through cross-border trade and e-commerce system channels, and support businesses in accessing new policies of the Government. Each market removes barriers to diversify markets to promote exports. 
