Trade surplus exceeds US$9 bln

The State sector reports a trade deficit of US$23.5 billion and the foreign-invested sector announces a trade surplus (including crude oil) of US$32.6 billion over the recent 11 months of 2019.

The State sector reported a trade deficit of US$23.5 billion and the foreign-invested sector announced a trade surplus (including crude oil) of US$32.6 billion.  

The total export and import value in 11 months were estimated at US4473.73 billion. Viet Nam’s exports and imports saw respective increases of 7.8% and 7.4%, reaching US$241.42 billion and US$232.31 billion. 

As many as 30 items witnessed the export value exceeding US$1 billion, accounting for 91.6%, of which five items announced the export value more than US$10 billion, making up 50.6%. Phones and accessories took the lead with US$48.7 billion, followed by electronics, computers and spare parts US$32.4 billion, garments US$29.9 billion, footwear US$16.5 billion and machines and tools US$16.5 billion. 

The U.S. maintained the largest exporter of Viet Nam with US$55.6 billion, up 27.9%. It was followed by the EU, China and ASEAN with US$38 billion, US$37.4 billion and US$23.4 billion, respectively. 

Meanwhile, China still ranked first among Viet Nam’s top importers with US$68.7 billion, up 15.2%. The Republic of Korea and ASEAN occupied the second and third positions with US$43.6 billion and US$29.6 billion, respectively. 

By Thuy Dung