VN runs US$ 7.21 billion of trade surplus

VGP – Viet Nam ran a trade surplus of US$ 7.21 billion in 2018, US$ 5.1 billion higher than the figure of US$ 2.11 billion in 2017, reported the General Department of Viet Nam Customs.

December 27, 2018 1:32 PM GMT+7

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Specifically, total trade turnover was projected at US$ 482.23 billion in 2018, representing a year-on-year growth of 12.6%. Total export turnover was estimated at US$ 244.72 billion, representing a year-on-year growth of 13.8%. Import turnover was estimated at US$ 237.51 billion, up 11.5% against the same period last year.

The General Department reported that in December total export turnover was valued at US$ 42.2 billion, posting a year-on-year decline of 2.6%. Total export volume was US$ 21 billion, down 3.4% and total import turnover was estimated at US$ 21.2 billion, down 1.8%.

Regarding export, machines and spare parts were the largest hard currency earner with US$ 16.53 billion of export turnover, up 28% against the same period last year. Garments and textiles followed with US$ 30.45 billion, up 16.6% against the same period last year.

On the other hand, imports of fiber rose to US$ 12.91 billion, followed by computers and spare parts with US$ 42.5 billion, up 12.5%./.

By Kim Loan