Trade surplus hits record high at over USD6 billion

Friday, 12/10/2018 11:44
Vietnam’s trade surplus reached more than USD6 billion in the first 9 months of the year, according to General Department of Customs on October 9th.

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Accordingly, the country’s export turnover reached USD21.125 billion in September, bringing the total figure for the nine months to over USD179.4 billion, a year-on-year rise of 15.8%.

Meanwhile, commodity imports were valued at USD19.51 billion, bringing the total figure for the period to over USD173.1 billion, a year-on-year rise of 11.6%.

Experts said that this is a record high trade surplus in recent years. Over the past 5 years (from 2014 to 2018), Vietnam saw three years (up to September) with a trade surplus and the remaining two years, 2014 and 2016, had surplus of over USD3.02 billion and over USD2.62 billion, respectively.  

As of September, five export commodities earned turnover of more than USD10 billion, with telephones and devices gaining the highest rate at USD36.69 billion, up 16.4% over a year earlier.

Other commodities bagged high export turnover, including garments and textiles (USD22.45 billion); computer, electronic products and components (USD21.85 billion); machinery, equipment and spare parts (USD12.14 billion) and footwear (USD11.73 billion).

Import commodities earning value of more than USD10 billion were computer, electronic products and components (USD30.81 billion); machinery, equipment and spare parts (USD24.58 billion) and telephones of all kinds and devices (over USD10.99 billion)./.

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