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Export growth rate (first 6 months of 2019 and 2020) into continents. Chart: T. Binh.

4 out of 5 continents have "negative growth"

Remarkably, in five continents, only exports to America increased positively in the first six months of 2020.

Specifically, at the end of June, the total export turnover to the Americas reached over US$37 billion, up 11.4% over the same period last year.

The largest market is the US with a turnover of US$31.5 billion, up 14.6% over the same period last year.

Thus, the USaccounted for more than 85% of total exports to the Americas and 25.7% of Vietnam’s exports in the same period. This is understandable when the United States has always been the leading trading partner and the largest export market of Vietnamfor many years.

Currently, the US is the No. 1 market for many key export industries of Vietnam, such as textiles, footwear, wooden furniture, etc.

For the textile industry, by the end of June, it reached US$6.19 billion, down 11.9% over the same period last year but still accounted for approximately 47% of Vietnam's total textile and garment export turnover.

The proportion of exports to the Americas market (in total export turnover of Vietnam) increased from 27.2% in the first six months of 2019 to 30.2% of the same period in 2020.

Although Americas has the most positive growth, the growth rate is only equivalent to halfcompared to the same period in 2019. Because, in the first six months of 2019, export growth to the Americas reached 24.2%, particularly the US market is 27.3%.

As mentioned above, the remaining four continents have negative export growth compared to the same period in 2019.

Although, the Asian market is still holding the No. 1 position, reached only US$60.77 billion, down 1.3%.

Other continents are: Europe reached US$20.67 billion, down 10.4%; Oceania reached US$2.03 billion, down 2.7%; Africa reached US$1.45 billion, down 4.8%.

Phones and textiles declined

Regarding some key export industries, the General Department of Customs statistics showed many opposite factors.

Phones and accessories reached US$21.95 billion, still being the largest export group but down 6.5% compared to the same period in 2019.

In the first six months of 2020, exports of phone and accessories to the EU reached US$4.92 billion, up 22.3%; the US reached nearly US$4 billion, up 5.2%; China reached US$3.73 billion, up 2.4 times; South Korea reachedUS$2.51 billion, up 6%.

Meanwhile, computers, electronic products and components reached US$19.47 billion, up 25.4% over the same period in 2019. This is the top group with the most impressive growth.

The main export market is China with US$5.41 billion, up 36.4%; US reached US$4.38 billion, up 1.9 times; EU reached US$2.55 billion, up 5.8%.

Textiles and garments reached US$13.18 billion, down 12.7% over the same period last year. Regarding the market, the United States still ranked No. 1; followed by Japan with US$1.64 billion, down 7%; EU reached US$1.6 billion, down 19.2%.

Machinery, equipment, tools and spare parts are the fourth "tens of billions" of goods (reaching US$10.42 billion), up 26.5% over the same period last year.

Main export markets include: the US with US$2.93 billion, a sharp increase of 73.5%; EU reached the value of US$1.33 billion, up 29.7%; Japan reached US$809 million, up 6%; South Korea with US$754 million, up 27.4%.

Forkey agricultural products (vegetables, cashews, pepper, tea, coffee, rice, cassava and cassava and rubber products), in the first six months, it reached US$8.1 billion, down US$282 millioncompared to the same period last year.

Of which, five out of eight items have turnover decreasing over the same period last year, the strongest decrease was fruit and vegetables (down US$278 million), while rice increased the most (US$270 million).

China is still the largest market of major agricultural product groups but there was a sharp decrease compared to the same period last year when it reached only US$2.05 billion, down more than 18%.

Shoes, transportation, seafood are also the main export groups with great advocacy in the downward trend.

In particular, footwear reached US$8.13 billion, down 6.9%. The US and EU are the two main export markets of the footwear group with the value and growth rate of US$2.93 billion (down 7.7%) and US$2.13 billion(down 14%). Generally, these two markets reached US$5.06 billion, accounting for 62.5% of total export turnover of this group of Vietnam.

Transportation and spare parts reached US$3.76 billion, down 11.4%. Japan with a value of US$1.05 billion is the largest export market, but down 18.9%; the US reached US$753 million, up 0.3%; Korea reached US$219 million, up 19.3%.

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Fishery products reached US$3.6 billion, down 9%. Japan is the largest export market with a turnover of US$668 million, down 1.6%; US reached US$654 million, up 0.5%; EU reached US$546 million, down 11.7%; China reached US$483 million, up 1%.