Trade surplus exceeds US$ 1.4 bln in Q1

Illustration photo

The GDC officially announced the preliminary statistics report on Viet Nam’s trade activities in March, 2019. 

Accordingly, in the third month, export turnover hit US$ 23 billion, bringing the total export revenue to US$ 58.86 billion, representing a year-on-year growth of 5.3%. 

March’s export revenue marked the highest level with US$ 23 billion, followed by US$ 8.9 billion in February and US$ 700 million in January. 

In Q1, ten exports joined the US$ 1 billion export turnover club in which the group of telephones and spare parts took the lead with US$ 12.13 billion of export turnover. 

On the other hand, in March, import revenue valued US$ 21.15 billion, bringing the total import turnover to US$ 57.44 billion, up 8% against the same period last year.  

In Q1, up to 12 commodities witnessed above US$ 1 billion import turnovers especially computers, electronic devices and spare parts with nearly US$ 11.8 billion, up 13.1% against the same period last year. 

Generally, Viet Nam ran a trade surplus of US$ 1.6 billion in March and US$ 1.4 billion in Q1, 2019. 

Earlier, the General Statistics Office (GSO) reported that Viet Nam ran a trade surplus of US$ 536 million in Q1. The GDC’s data on trade surplus was three times higher than that of the GSO./.

By Kim Loan