14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Vietnam’s trade surplus hits US$1.59 billion in Jan-Jun

Jul 20, 2019 / 11:28 AM

The FDI sector recorded trade surplus of US$15.04 billion during the January – June period, contributing significantly to Vietnam’s surplus of US$1.59 billion in the same period.

Vietnam posted trade surplus of US$1.93 billion in June, expanding the figure to US$1.59 billion for the January-June period, according to the General Department of Vietnam Customs (GDVC).

During the period, Vietnam’s trade turnover totaled US$243.48 billion, up 8% or US$18.1 billion year-on-year. Exports increased 9.2% to of US$122.53 billion and imports were up 8.9% to US$120.94 billion.

Among economic sectors, the FDI recorded the largest trade value of US$153.87 billion in six months, up 6% year-on-year. The sector's exports rose 5.5% year-on-year to US$84.45 billion, while imports were up 6.5% to reach US$69.41 billion.

This resulted in a trade surplus of US$15.04 billion fetched by the sector during the January – June period.

The country's main export staples included computers and electronic devices worth US$15.52 billion, up 14.1% year-on-year; textile and garment worth US$15.09 billion, up 10.3%; phones and parts worth US$23.5 billion, up 3.9%; agricultural products with US$8.4 billion, down 10.2%; machinery and equipment with US$8.23 billion, up 6.5%, among others.

The US remained Vietnam’s largest export market during the period with US$27.5 billion, followed by the EU with US$20.5 billion and China with US$16.7 billion.

Meanwhile, China claimed the top spot among Vietnam’s import markets with US$35.7 billion, South Korea ranked second with US$22.5 billion and ASEAN in the third with US$16 billion.

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