7 months: Trade balance maintains surplus of over USD3 billion

Tuesday, 31/07/2018 17:13
The trade balance maintained a surplus of USD3.1 billion in the first seven months of the year, of which the domestic economic sector suffered a trade gap of USD15.1 billion and the foreign-invested area (including crude oil) earned a trade surplus of USD18.2 billion, according to the General Statistics Office.


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In the seven months, export turnover reached an estimated USD133.69 billion, a year-on-year rise of 15.3%. This included USD39.03 billion in the domestic economic sector, up 18.7%, and USD94.66 billion in the foreign-invested sector, up 14% and accounting for 70.8% of the total.

At the same time, import turnover was estimated at USD130.63 billion, a year-on-year rise of 10.2%; including USD54.16 billion in the domestic economic sector, up 12.7%, and USD76.47 billion in the foreign-invested sector, up 8.5%.  

Over the past seven months, the US was still the biggest export market of Vietnam with a turnover of USD25.5 billion, up 8.9% over a year earlier. It was followed by the EU with USD24.2 billion, up 12.9%; China with USD19.5 billion, up 24.7%; ASEAN with USD14.2 billion, up 16.2%;  Japan with USD10.4 billion, up 10.2%; and the Republic of Korea with USD10.2 billion, up 32%.

Meanwhile, China was still the largest import market of Vietnam with a turnover of USD35.8 billion, a year-on-year increase of 13%. Following it was the Republic of Korea with USD26.5 billion, increasing 0.2%; ASEAN with USD18.1 billion, up 13.5%; Japan with USD10.4 billion, up 12.8%; the EU with USD7.5 billion, up 9.8%; and the US with USD7 billion, up 25.7%./.

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