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Trade Surplus Fetches US$2.45 Bln in Eight Months

Viet Nam enjoyed a trade surplus of US$200 million in August, raising the figure in eight months of the year to US$2.45 billion, according to the General Statistics Office.


The State sector recoded a trade deficit of US$12.73 billion while the foreign-invested sector released a trade surplus figure of US$15.18 billion.

Exports hit US$112.19 bln

Viet Nam earned US$15.2 billion from exporting in August, an increase of 2 per cent compared to the previous month. Of which, the State sector and foreign-invested sector contributed US$4.54 billion and US$10.66 billion (including crude oil), witnessing respective increases of 2.8 per cent and 1.6 per cent.

The nation gained US$112.19 billion from exporting in eight months of the year, a year-on-year increase of 5.5 per cent, which were attributed to the export turnover of US$32.62 billion from the State sector (up 4 per cent) and US$79.57 billion from the foreign-invested sector (up 6.1 per cent).

Key export items included phones and accessories (US$22.3 billion, up 10.6 per cent), garment (US$15.5 billion, up 4.2 per cent), electronics, computers and spare parts (US$11.1 billion, up 11.2 per cent) and footwear (US$8.6 billion, up 8.1 per cent).

The U.S. remained the largest importer of Viet Nam with US$24.6 billion, showing a year-on-year increase of 13 per cent. It was followed by the EU with US$21.9 billion, up 8.8 per cent, China US$12.6 billion, up 15 per cent, Japan US$9.3 billion, up 0.2 per cent and the Republic of Korea US$7 billion, up 30.7 per cent.

Imports decrease 0.3 per cent

Viet Nam’s import turnover in August saw an increase of 4.6 per cent compared to the previous month, reaching US$15 billion, bringing the total import value in eight months to US$109.74 billion, a year-on-year decrease of 0.3 per cent.

The State and foreign-invested sectors contributed US$45.35 billion and US$64.39 billion, up 0.5 per cent and down 0.8 per cent, respectively.

China led in exporting to Viet Nam with US$31.6 billion, down 2.8 per cent, followed by the Republic of Korea with US$20.3 billion, up 9.3 per cent, ASEAN with US$15.2 billion, down 3.4 per cent and Japan US$9.5 billion, down 2.5 per cent.

--- Source: VCCI News ---


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