Vietnam`s phones and parts exports in October suffered a decline of 13.5% month-on-month as Samsung stopped pushing the shipment of Galaxy Note 10.
![](http://media.hanoitimes.vn/2021/05/14/logo_hntimes.png)
![]() Data: GSO. Graphic: Nguyen Tung.
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In October, Vietnam exported goods worth US$22.4 billion, down 4.1% inter-monthly, while imports reached US$22.5 billion, up 3.5%.
A slowdown in export growth in October was due to Samsung ending its push for shipping new flagship model Galaxy Note 10 overseas, leading to a 13.5% month-on-month decline of phones and parts exports.
Overall, Vietnam's trade turnover reached US$427.05 billion in the January – October period, of which its export value amounted to US217.05 billion, up 7.4% year-on-year, and imports totaled US$210 billion, up 7.8%.
![]() Data: GSO. Graphic: Nguyen Tung.
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Phones and parts recorded the largest export turnover of US$43.5 billion, accounting for 20% of total exports and up 5% year-on-year.
In the January – October period, the US remained Vietnam's biggest export market, spending US$49.9 billion on Vietnamese goods, up 26.6% year-on-year, followed by the European Union with US$34.2 billion, down 1.9%, and China with US$32.5 billion, down 2.9%.
Meanwhile, China remained Vietnam's largest import market with turnover of US$62 billion, a 16.1% climb year-on-year.
South Korea claimed the second place by exporting US$39.4 billion worth of goods to Vietnam, up 0.6% year-on-year, followed by ASEAN with US$26.4 billion, up 1%.
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