Vietnam racks up trade surplus of over US$14 billion in seven-month period

The reviewed period witnessed the country’s total import and export turnover reach an estimated US$439.88 billion, up 17.1% against the same period last year. Of the figure, exports and imports increased by 15.7% and 18.5% to US$226.98 billion and US$212.9 billion, respectively.

There were 30 commodities that recorded an export turnover of over US$1 billion each, accounting for 91.9% of the total export revenue. Most notably, nine items obtained an export turnover of more than US$5 billion each, making up 70.8% of the total.

Processed industrial products topped the list of export items, bringing back US$199.94 billion, followed by agro-forestry products US$19.27 billion, and aquatic products with US$5.29 billion.

The United States was Vietnam’s largest export market with an estimated turnover of US$66.1 billion, while China was the largest supplier of products to Vietnam with revenue of US$79.2 billion.

During the seven-month period, the country produced trade surpluses of US$57.5 billion, US$20.1 billion, and US$1.1 billion with the US, the EU, and Japan, respectively.