The Southeast Asian country’s trade surplus has widen to $13.5 billion, nearly 2.5 times higher than a year earlier, despite impacts from Covid-19 pandemic.
Total trade revenue in the first eight months of the year reached $336.92 billion. Exports reached $175.36 billion, up 2.3% and imports was reported at $161.9 billion, down 2.4%.
In the reported period, phones and components continued to be the biggest earner bringing home nearly $31.6 billion.
Imports of computers, electronic products and components reached $38.75 billion, up 15.6% and remains the largest import commodity group.
In August alone, the trade reached $50.4 billion, including $27.7 billion export revenue, up 11.4% and $22.7 billion in imports, up 2.8% over the previous month.
In August, there were 6 other export commodity groups with a turnover of over $1 billion, including phones and accessories, $5.35 billion, up to 24.8% compared to July 2020; computers, electronic products and components $4.2 billion, up 3.4%; textiles and garments reached nearly $2.97 billion, down 2.5%; machinery, equipment, tools and spare parts reached nearly $2.7 billion, up 17.6%.
- Vietnam has a trade surplus of more than US$8 billion
- Import-Export reached US$ 1.5 billion each day in the second half of June
- Key import and export commodity groups decline
- Vietnam’s Jan-June trade surplus seen expanding to $5.46bln despite virus
- Vietnamese trade revenue estimated to exceed US$336.2 billion in 8 months
- Trade surplus estimated at US$1 billion in July
- Vietnam enjoys trade surplus of US$5.46 billion in first half
- Four export commodity groups with turnover of “tens of billions of dollars”
- Vietnam trade surplus hits nearly US$5.5 billion in Jan-Jun