Vietnam enjoys trade surplus of nearly US$3 bln as of February 15

From the beginning of January to February 15, Vietnam posted a trade surplus of US$2.76 billion. Only in the first half of February, the country's export revenue hit US$9.94 billion, representing a 2.5% year-on-year increase, according to data released by the General Department of Customs.
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Illustrative photo: VGP

From the beginning of January to February 15, Vietnam posted a trade surplus of US$2.76 billion. Only in the first half of February, the country's export revenue hit US$9.94 billion, representing a 2.5% year-on-year increase, according to data released by the General Department of Customs.

There were four exported groups of goods raking in US$1 billion or more including phones and components; computers, telephone products and components; machinery, equipment, tools and spare parts; textile and garment products.

From the beginning of 2021 to February 15, the country’s total export turnover reached US$ 38.46 billion, sharply up by nearly 36.9% over the same period last year, according to VGP.

Contrary to the growth of exports, in the first half of February, import turnover decreased compared to the same period last year. Specifically, from February 1-15, the country's imports reached US$ 9.24 billion, down about $ 500 million.

In the first half of February, the country imported US$9.24 billion worth of products, a decrease of about US$500 million over the same period last year.

There were only two imported goods categories earning revenue US$1 billion including computers, phone products and components and machinery, equipment, tools and spare parts.

From the beginning of 2021 to February 15, the country’s total import turnover stood at US$35.7 billion, up nearly 25.3% over the same period last year.

In general, the country’s import-export revenue reached more than US$ 74 billion as of February 15.

During the seven-day Lunar New Year (Tet) break, as many as 960 enterprises nationwide involved in importing and exporting goods, rising 363 enterprises compared to the 2020 Tet holiday.

During this period, the country’s total value of imports and exports was US$ 1.67 billion, sharply increasing by 53% compared to the 2020 Tet holiday.

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Malie Nguyen

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