VN posts US$ 11.9 billion trade surplus in first eight months
11:15 | 31/08/2020

VGP – Viet Nam posted a trade surplus of US$11.9 billion in the first eight months this year, according to the General Statistics Office (GSO). 


In the reviewed period, the country's total trade turnover declined by 0.3% to about US$ 336.32 billion, including US$ 174.11 billion of export turnover (up 1.6%) and USS$162.21 billion of import turnover (down 2.2%). 

The domestic sector represented a bright point as both export and import turnovers saw annualized growth, in which export turnover hit US$ 60.8 billion (up 15.3%) while import value fetched US$ 72.05 billion (up 2.9%)  

There were 29 commodities with export value of at least US$1 billion each, namely phones and spare parts with US$ 31.5 billion of export turnover (down 5.5% on year); electronics, computers, and spare parts with US$ 27.6 billion (up 24.8%); and garments and textiles with US$ 19.2 billion.   

The U.S. was the biggest export market of Viet Nam with US$46.7 billion, representing a year-on-year increase of 19%; followed by China with US$ 27 billion (up 13%); the EU with US$ 22.9 billion (down 4%); ASEAN with US$ 15 billion (down 13.6%). /.

By Kim Anh 

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