Hanoi (VNA) – Total shipping volume from members of the Association of Southeast Asian Nations (ASEAN) increased in 2020, pushing its global share above the 20 percent mark for the first time and making its presence felt in the US-bound marine transportation market , reported Nikkei Asia Review. the US -China trade tension simmered, the COVID-19 pandemic hit the global economy. The latest trends in US-bound marine transport, which also showed increased Vietnamese furniture exports, indicate a stay-at-home US lifestyle.
The US-bound volume originating in Vietnam increased 24.8 percent to 1.99 million units, posting a share of 10.8 percent, up 1.8 percentage points from a year earlier.
The share expansion of the ASEAN region was driven also by the homebound lifestyle in the US.
ASEAN ‘s US-bound shipping volume of furniture increased 13.1 percent and 29.4 percent for home electronics from a year earlier. This helped boost the volume departing from Vietnam, which has many furniture and smartphone plants./.