Vietnam ranks 23rd among top 30 largest exporters globally

The WTO’s statistics indicate that Vietnamese export earnings accounted for 1.5% of the total global export turnover.

Accordingly, total global export turnover last year reached US$23.8 trillion, marking a drop of 5% compared to 2022.

China became the world's largest exporter with turnover hitting US$3.4 trillion, followed by the United States at US$2.02 trillion, Germany at US$1.6 trillion, and the Netherlands at US$935 billion.

In Southeast Asia, the leading exporter was Singapore raking in US$476 billion, followed by Vietnam (US$354 billion), Malaysia (US$313 billion), Thailand (US$285 billion), and Indonesia (US$259 billion).

The WTO noted that, Vietnam was one of the countries with the fastest average annual export growth in the world in the 2019 - 2023 period.

Statistics compiled by the Ministry of Industry and Trade of Vietnam unveiled that the past 11 months saw Vietnam earn U$$369.93 billion from exports, up 15.4% year on year. The domestic economic sector brought in US$103.88 billion, up 20.0%, while the foreign-invested sector grossed US$266.05 billion, including from crude oil export, up 12.4%.

Vietnam continued to post a trade surplus of more than US$23 billion throughout the reviewed period.