The nation enjoyed a trade surplus of US$1.26 billion in the first seven months of the year, according to the Ministry of Planning and Investment (MoPI) General Statistics Office.
Total export turnover was estimated at US$83.5 billion, representing a year-on-year increase of 14.1%.
Of the figure, the domestic economic sector made up US$27.7 billion, up 12.2%, while foreign invested enterprises (FIEs) accounted for US$55.8 billion, up 15%.
In the reviewed period, Vietnam’s key export products included mobile phones and spare parts, garments and textiles, footwear, seafood, machinery, equipment, tools, wood and timber products, coffee and pepper.
Some products showed decreases in export volume and value such as rice, cassava, rubber, coal, oil and gas.
By July 2014, the US was the largest exporting market of Vietnam followed by the EU, ASEAN, China, Japan and the Republic of Korea.
China was the largest import market of Vietnam which realized a trade deficit of approximately US$14.8 billion, up 14.4%.
Other News
- Busy high season at Thuong Mao Carpentry Village
- Hanoi plans for new markets
- Hanoi Shopping Festival 2024 promotes agricultural products and handicrafts
- Food safety measures required for Lunar New Year 2025
- Deep discounts at Hanoi Midnight Sale
- Hanoi controls fruit traders to ensure safety
- Vietnam, Hesse (Germany) promote high-tech cooperation
- Big discounts on offer at Hanoi's November Promotion Festival
- Hanoi unveils 150 most popular Vietnamese products and services for 2024
- Hanoi hosts the Vietnam Regional Specialties Fair 2024
Trending
-
Hanoi eyes greater global integration in years to come
-
Vietnam news in brief - December 14
-
Exhibition of 20th century Vietnamese art: A rendezvous with masters of painting
-
Hanoi approves Soc Son District Zoning plan
-
Hanoi's artisan carries on lantern making art
-
EVs take the spotlight on Vietnam's urban streets
-
Thay Pagoda: A timeless heritage on Hanoi's outskirts
-
Hanoi's pho declared national intangible heritage
-
Christmas in Vietnam: A blend of Western cheer and local charm