U.S. remains VN’s largest importer

Illustration photo

According to the General Department of Viet Nam Customs, from the beginning of this year to July 15, customs data shows that Viet Nam’s total exports during this period reached US$122.5 billion, while its import bill was some US$120 billion, resulting in a trade surplus of US$2.5 billion.

The country exported goods worth US$101.04 billion to its top 10 trade partners. The U.S. remained its largest importer, purchasing goods worth US$21.6 billion, accounting for 19% of Viet  Nam's total exports.

Earlier in June, the country ran a surplus of about $870 million, bringing the six-month figure to a record $3.37 billion in the recent five years. 

High trade surplus is considered a condition to stabilising macro-economy and foreign exchange rate, as well as ensuring foreign reserves.

According to the Ministry of Industry and Trade, domestic businesses reported a 19.9% rise in exports by shipping $33.07 billion worth of goods abroad in the first half of this year. Meanwhile, foreign-invested enterprises earned $80.86 billion from exports, up 14.5 percent from the corresponding period last year.

                                                                                                                By Vien Nhu