Trade surplus reaches US$3 bln in four months

Viet Nam enjoys a trade surplus of US$3 billion in the first four months of 2020, according to the General Statistics Office.

In April alone, Viet Nam’s exports and imports hit US$19.7 billion and US$20.4 billion, down 18.4% and  7.9% compared to the previous month, respectively. 

The total export and import value during the January-April period was estimated at US$82.94 billion and US$79.89 billion, witnessing year-on-year increases of 4.7% and 2.1%. 

During the reviewed period, 15 items joined the US$1 billion export club, accounting for 80.1% of the total export value.

Viet Nam’s key export items included phones and accessories (US$16.2 billion), electronics, computers and spare parts (US$12.4 billion), garment (US$8.9 billion), machines, equipment and tools (US$6.9 billion), footwear (US$5.5 billion), timber and wooden products (US$3.4 billion), vehicles and tools (US$2.7 billion) and aquatic products (US$2.2 billion). 

The US remained the largest importer of Viet Nam in four months with US$20.3 billion, up 13.4%. It was followed by China (US$13.1 billion), the EU (US$10.7 billion), ASEAN (US$8.2 billion), Japan (US$6.7 billion) and the Republic of Korea (US$6.2 billion). 

China was the largest exporter of Viet Nam in four months with US$22.7 billion, down 0.1%, followed by the Republic of Korea (US$15.5 billion), ASEAN (US$9.9 billion), Japan (US$6.4 billion), the US (US$4.7 billion) and the EU US$4.5 billion. 

By Thuy Dung