Trade surplus hits US$6.8 bln in 11 months

VGP – Viet Nam enjoyed the trade surplus of US$6.8 billion over the recent 11 months of 2018, according to the General Statistics Office.

December 02, 2018 4:43 PM GMT+7

The nation gained US$21.6 billion from exporting in November, raising the total export value in 11 months to US$223.63 billion, a year-on-year increase of 14.4%. The State and foreign-invested sector contributed US$63.24 billion and US$160.39 billion to the nation’s total export turnover, up 17.2% and 13.4%, respectively.

The export value of Viet Nam’s key export items witnessed high growths over the recent 11 months of 2018, including phones and accessories (up 11.5%), garments (up 17.4%) and electronics, computers and spare parts (up 13.9%).

The U.S., EU and China maintained the largest exporters of Viet Nam in 11 months of 2018.

Viet Nam’s import value over the recent 11 months of 2018 saw a year-on-year increase of 12.4%, reaching US$216.82 billion.

China and the Republic of Korea were the largest importers of Viet Nam in 11 months of 2018.

By Thuy Dung