Trade surplus outstrips US$ 7 billion

VGP – As of late October, Viet Nam ran a trade surplus of over US$ 7.2 billion, the highest level over the past years, the General Department of Viet Nam Customs.

November 12, 2018 3:30 PM GMT+7

Illustration photo

In the second half of October, total trade turnover valued US$ 23.88 billion, up 17.6% against the first half of October.

In the first ten months, total trade turnover hit US$ 396 billion, up 13.8% against the same period last year.

Specifically, total export turnover in the second half of October was US$ 12.33 billion, up 21.1% against the first half of October. Key exports included telephones and spare parts (US$ 491 million up 23.1%); computers and electronic products (US$ 213 million, up 16.2%); footwear (US$ 163 million, up 26.7%).

As of late October, 2018, total import turnover was estimated at US$ 194.82 billion, representing a year-on-year growth of 12.4%.

Key imports comprised telephones and spare parts (US$ 203 million); machines (US$ 153 million); computers and electric products (US$ 145 million).

As of late October, total export turnover exceeded US$ 200 billion, up 15% against the same period last year.

Viet Nam is expected to earn US$ 240 billion of export value, which will be a record high figure so far./.

By Khanh Phuong