HCMC – The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam.
The total value of imports and exports in the year to November, at US$ 673.8 billion, soared 11.8% year-on-year.
During the period, while domestic businesses caused a trade deficit of US$30 billion, foreign-invested companies, including in the oil industry, brought a trade surplus of US$38.6 billion.
In November alone, the total value of imports and exports fell 1.2% over October to US$57.6 billion, down 7.8% versus the same period last year.
During the 11-month period, the processing industry accounted for 89% of total export revenue, while machinery and equipment materials made up half of the total imports.
- Vietnam trade surplus hits all-time high of US$20.1 billion in 11 months
- Exports shatter record with $18.7 billion in trade surplus: GSO
- Vietnam’s Jan-June trade surplus seen expanding to $5.46bln despite virus
- Vietnam reports Jan-Oct trade surplus of US$9.4 billion
- FDI businesses enjoy US$29 bln export surplus despite COVID-19
- Vietnam trade surplus hits new record of US$18.72 billion in 10-month
- Vietnam trade surplus at $1.9 bln
- Vietnam trade surplus more than doubles in Jan-Aug
- Vietnam enjoys 2.53 billion USD of trade surplus in four months