Vietnam has seen a tremendous increase in its exports following Xi Jinping’s Zero-COVID policy imposing lockdowns in Shenzhen and Shanghai this spring.
According to Vietnam’s General Statistics Office (GSO), the country’s exports reached a record high of $34.7 billion in March. In comparison, Shenzhen’s exports were only $17.8 billion, down 14 percent from last year, according to the Shenzhen Bureau of Statistics.
In terms of total first quarter 2022 exports, Vietnam’s GSO also reported a record high $88.58 billion, which is about 46 percent higher than Shenzhen’s total first quarter exports.
Notably, electronic products, such as cell phones, computers, and components, have become Vietnam’s biggest category of exported goods at $28.1 billion, accounting for 32 percent of Vietnam’s total exports in the first quarter.
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