Largely due to the driving force of the EU-Vietnam Free Trade Agreement (EVFTA), the country racked up a trade surplus of US$18.7 billion with the EU, representing a year-on-year rise of 41.5%. Elsewhere, exports to the US market alone surpassed the US$67 billion mark.
In contrast, the country’s trade deficit with China and the RoK surged by 21.6% and 30.3% to hit US$42.2 billion and US$23.5 billion, respectively.
Furthermore, the trade deficit with ASEAN and Japanese market recorded a decline of 8.9% and 13.9% to US$7.9 billion and US$769 million, respectively.
The total import and export turnover of goods throughout the seven-month period stood at an estimated US$431.94 billion, up 14.8% against the same period from last year, of which exports and imports increased by 16.1% and 13.6%, respectively.
The domestic economic sector raked in US$56.99 billion from exports, posting a rise of 17% and making up 26.3% of total export turnover, while the FDI sector grossed US$159.36 billion from exports, up 15.7%, accounting for 73.7%.
There are a total of 30 commodity items with an export turnover exceeding US$1 billion, accounting for 91.9% of the total export turnover.
Of the figure, there are five export items earning a turnover of over US$10 billion, including phones and components, electronics, computers and components, machinery, equipment, tools and spare parts, garments and textiles, as well as footwear./.