Investment Thứ năm, 11/10/2018 14:35

Nine-month trade surplus hits record of over US$6.3 billion

Vietnam's nine-month trade surplus exceeded US$6 billion for the first time in many years, according to statistics released by the General Department of Vietnam Customs, on October 9.

The total trade surplus in the first nine months of the year was US$6.324 billion, the record high over the past few years.
The total trade surplus in the first nine months of the year was US$6.324 billion, the record high over the past few years.

During the January-September period, Vietnam posted US$179.467 billion worth of export revenues, an annual increase of 15.8% and US$173.143 billion worth of import revenues, an annual increase of 11.6%.

In September alone, the country enjoyed a trade surplus of US$1.982 billion, nearly US$1.3 billion higher than the estimated figures, which helped to raise the total trade surplus in the first nine months of the year to US$6.324 billion, the record trade surplus over the past few years.

By the end of September, five groups of goods witnessed export revenues of over US$10 billion each, with phones and components posting the highest nine-month revenue at US$36.69 billion, up 16.4% over the same period in 2017.

Garments and textiles came in second with an export turnover of US$22.45 billion, while computers, electronic products and components ranked third with a total export revenue of US$21.85 billion.

Meanwhile, three groups of goods reported import revenues of over US$10 billion each including computers, electronic products and components (US$30.81 billion); machinery, equipment and components (US$24.58 billion); and phones and components (US$10.99 billion).

Vietnam saw a total trade surplus of US$2.7 billion in 2017 due to a high trade surplus in the foreign direct investment sector, according to the General Statistics Office.

(Source: NDO)

Leave your comment on this story