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Trade surplus estimated at 7.21 billion USD this year

Updated: 09:40, 30/12/2018
The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.

The agency said on December 27 that the total trade turnover this year is likely to hit 482.23 billion USD, up 12.6 percent from a year earlier.

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In December alone, the trade value decreased by 2.6 percent month on month to about 42.2 billion USD.

During the year, machinery, equipment and spare parts record the highest annual exports growth rate, 28 percent, to reach some 16.53 billion USD. They are followed by textile-apparel and computers, electronic products and components.

Meanwhile, the fastest pace of imports is seen in fabric; computers, electronic products and components; and materials for textile, garment, leather and footwear production, according to estimates of the Vietnam Customs.

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In the first four months of 2018, export turnover rose by 19 percent while import value increased by 10.1 percent year on year. The country's trade surplus reached 3,39 billion USD. 
 
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Vietnam registered a trade surplus of US$3.1 billion in the first seven months of 2018, according to the General Statistics Office (GSO).
 
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Vietnam’s exports to the UK in the first half of 2018 were seven times higher than imports, resulting in a surplus of 2.34 billion USD, according to the General Department of Vietnam Customs.
 
Vietnam records nearly 5.6 billion USD in trade surplus
The trade surplus of Vietnam this year hit 5.57 billion USD as of September 15, according to the General Department of Vietnam Customs.
 

Source: VNA

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