Trade surplus hits USD1.46 billion in four months

Vietnam’s trade balance in April reached an approximate USD100 million surplus, bringing the figure for the first four months to USD1.46 billion, reported the General Statistics Office on April 28th.

Vietnam’s trade balance in April reached an approximate USD100 million surplus, bringing the figure for the first four months to USD1.46 billion, reported the General Statistics Office on April 28th.

Of this, the domestic economic sector had a trade gap of USD5.6 billion, while the FDI sector (including crude oil) had a trade surplus of USD7.06 billion.

Trade surplus hits USD1.46 billion in four months

Photo for illustration. (Source: VNA)

Specifically, export turnover in the four months was estimated to reach USD52.9 billion, a year-on-year rise of 6%, in which the local economic area earned USD15.1 billion, up 2.9% and the FDI sector (including crude oil) made USD37.8 billion, up 7.3%.

Compared to the same period last year, exports of telephones and components saw the biggest growth of 23.8%, at USD11.5 billion, while exports of crude oil only reached USD678 million, down 52.1%.

The country’s imports in the period were valued at USD51.4 billion, down 1.2% from a year earlier, including USD20.7 billion by the domestic sector (down 0.8%) and USD30.7 billion by the FDI sector (down 1.46 %).

The US is still the biggest import market of Vietnam in the four months, worth USD11.4 billion, up 15.5%, followed by the EU at USD10.3 billion (up 10.4%), China USD5.8 billion (up 16.5%) and the Republic of Korea USD3.3 billion (up 36.5%).

Meanwhile, exports to ASEAN and Japanese markets witnessed reductions of 13.5% at USD5.4 billion and 0.2% at USD4.5 billion, respectively./.

( Compiled by VNF )

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