Viet Nam sets record trade surplus in 2014

VGP – The country ran a record trade surplus of US$2.14 billion in 2014, according to the Viet Nam Customs.

January 26, 2015 9:59 AM GMT+7

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Viet Nam’s export-import turnover in 2014 totaled US$298.24 billion, up 12.9% from 2013.

Of the figure, US$150.19 billion was earned from exports, up 13.7% while US$148.05 billion was used for import, up 12.1%.

The Foreign Direct Investment (FDI) sector’s exports and imports were US$94 billion and US$84.19 billion, up 16.1% and 13.1%, respectively.

The State sector reaped US$118.26 billion in the trade turnover, up 10.4%.

The exports of phones and accessories took the lead among export items with US$23.6 billion, up 11.1%.

The EU is the largest phones and accessories importer of Viet Nam with US$8.45 billion, up 3.6% and accounting for 36%, followed by the United Arab Emirates with US$3.63 billion, up 6.1% and the US with US$1.54 billion.

The garment and footwear exports were placed the second and third with US$20.95 billion and US$10.34 billion, up 16.8% and 23.1%, respectively.

It was followed by aquaculture products with US$7.84 billion, up 17.1%, crude oil with US$7.23 billion, down 0.1%, coffee US$3.56 billion, up 30.9%, rice with US$2.96 billion, fruits and vegetables with US$1.49 billion, up 38.9%.

By Thuy Dung