Vietnam reported an estimated trade surplus of US$200 million in July, leading to a surplus of US$1.8 billion in the seven-month period, significantly lower than the surplus of US$2.6 billion in the same period last year, the General Statistics Office (GSO) has said in a monthly report.
Illustrative photo.
|
In July, Vietnam exported goods worth US$22.6 billion, up 5.5% month-on-month, while imports reached US$22.4 billion, up 14.9%.
Overall, Vietnam's trade turnover reached US$288.47 billion in the January – July period, of which its export value amounted to US145.13 billion, up 7.5% year-on-year, and imports totaled US$143.34 billion, up 8.3%.
According to the report, Vietnam's export staples during the January - July period were electronic products, computers and components with US$18.6 billion, up 14.9% year-on-year; garment with US$18.3 billion, up 10.5%; footwear with US$10.4 billion, up 13.8%; equipment, parts with US$9.7 billion, up 7.2%; wood and furniture with US$5.7 billion, up 16.4%; vehicles and parts with US$4.9 billion, up 5.9%.
Phones and parts recorded the highest export turnover of US$27.3 billion, accounting for 18.8% of total exports and up 3.1% year-on-year.
In the January - July period, the US remained Vietnam's biggest export market, spending US$32.5 billion on Vietnamese goods, up 25.4% year-on-year, followed by the European Union with US$24.3.2 billion, up 0.4%, and China with US$20 billion, up 0.1%.
Meanwhile, China remained Vietnam's largest import market during January-July with turnover of US$42 billion, a 16.9% climb year-on-year.
South Korea claimed the second place by exporting US$26.6 billion worth of goods to Vietnam, down 0.8% year-on-year, followed by ASEAN with US$18.8 billion, up 5.2%.
