Vietnam enjoys trade surplus of over US$7.4 billion in 11 months

VOV

Vietnam recorded a trade surplus of more than USD7.4 billion in the 11month period of this year, according to the General Department of Vietnam Customs.

The total export value during the reviewed period surged 14.5% to USD223.72 billion while import value increased by 12.1% to USD216.31 billion against the same period last year.

The statistics of the General Statistics Office (GSO) has shown that the 11-month export turnover of key commodities continued to post high growth, including telephones and components (up 11.5%), garments and textiles (up 17.4%), electronics, computers and components (up 13.9%), machinery, equipment and parts (up 28.6%), and footwear (up 9.9%).

In addition, some farm produce and aquatic products such as seafood, fruit and vegetables, coffee and rice have also attested to relatively high growth.

The US remained Vietnam’s leading export market with turnover reaching USD43.7 billion, up 15% compared to last year’s corresponding period, followed by the EU, China and ASEAN.

The country’s import turnover in the 11-month period expanded 12.4% to USD216.82 billion, including some key import items such as electronics, computers and components (up 13.6%), machinery, equipment and parts (down 0.7%), telephones and components (down 0.8%) and fabric (up 13.6%).

China retained its place as Vietnam’s largest import market during the period with turnover reaching USD59.7 billion, up 13%, followed by the Republic of Korea and ASEAN.