According to the "Asian Economy" report, Vietnam's trade surplus in the first four months of this year was only $3.8 billion, a decrease of nearly 60% year-on-year. Despite the rapid growth in trade volume, the import growth rate exceeded the export growth rate, leading to a reduction in the trade surplus. 1. Growth in Trade Volume From January to April this year, Vietnam's total trade volume was approximately $276.89 billion, an increase of 15.7% year-on-year. The export volume was $140.34 billion, growing by 13%; the import volume was $136.55 billion, increasing by 18.6%. 2. Reduction in Trade Surplus The trade surplus for the first four months decreased by 58.2% year-on-year, mainly due to the import growth rate exceeding the export growth rate. 3. Export Market Analysis The United States is Vietnam's largest export market, and from January to April, the trade surplus with the U.S. expanded by 24.9% to $37.7 billion. 4. Import Market Analysis China is Vietnam's largest import market, and from January to April, the trade deficit with China widened by 44.2% to $35.1 billion. Original article: https://www.toutiao.com/article/1833896157478923/ Disclaimer: This article represents the author's personal views.