Trade surplus exceeds US$ 3.4 billion in first eight months
13:04 | 29/08/2019

VGP – Viet Nam ran a trade surplus of US$ 1.7 billion in August, equivalent to total figure in the first seven months of 2019, the General Statistics Office (GSO) reported. 

Total trade turnover was estimated at US$ 336.5 billion in the first eight months of 2019 of which export turnover hit US$ 169.98 billion, representing a year-on-year growth of 7.3%. 

In the January-August period, export growth rate of the domestic sector was 13.9%, much higher than that of the FDI sector with 4.6%. In addition, the domestic sector occupied 30.6% of total export turnover. 

Viet Nam ran a trade surplus of US$ 3.4 billion in the first eight months, including  US$ 1.7 billion recorded in August which is equivalent to the figure in the first seven months of 2019. 

Overseas shipment of telephones and spare part valued US$ 33 billion, accounting for 19.4% of total export turnover. 

The GSO reported that import value was estimated at US$ 24.5 billion in August, representing a month-on-month growth of 6.6% and a year-on-year increase of 4.5%. 

The domestic sector imported US$ 7.34 billion of goods, down 4.9%. Meanwhile, the FDI sector imported US$ 17.16 billion, up 12.4%. 

In the January-August period, import value was US$ 169.98 billion, up 7.3% against the same period last year. 

In the reviewed period, 26 items earned over US$ 1 billion in export turnover each, accounting for 89.5% of total export turnover. Five pocketed over US$ 10 billion in export turnover, accounting for 58.7% of total export turnover./.

By Kim Loan 

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