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Vietnam saw a export surplus of over 17.3 billion USD

October 22, 2020 | 06:50

According to the General Department of Customs, in the first half of October, the import-export turnover of Vietnam reached nearly 25 billion USD, of which exports reached 12.72 billion USD, imports reached 11.92 billion USD.

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Vietnam saw a export surplus of over 17.3 billion USD. (Photo: VOV)

In the first half of October, there were 4 groups of export goods that reach a minimum turnover of $ 1 billion. The industry of phone and spare part leads the top of export turnover with the value of 2.63 billion USD (39.4 billion USD accumulated from the beginning of the year to October 15th), followed by computers, electronic products and components with 1.96 billion USD (34.2 billion USD from the beginning of the year); machinery, equipment, tools, and spare parts with USD 1.38 billion (19.57 billion USD from the beginning of the year); textiles and garments with 1.28 billion USD (23.44 billion USD from the beginning of the year).

On the import field, Vietnam records a turnover of more than 3 billion US in the industry of computers, electronic products and components; 1.58 billion USD in machinery, equipment, tools and spare parts.

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Textiles and garments reach turnover of 1.28 billion USD. (Photo: The World and Vietnam)

Thus, from the beginning of the year to October 15, the total import-export turnover of Vietnam reached more than US $ 413 billion. In which, exports reached 215.25 billion USD, import reached 197.93 billion USD.

Trade balance from the beginning of the year continued to have a high surplus with a trade surplus of 17.32 billion USD, compared to 7.65 billion USD in the same period in 2019.

Compared to the same period in 2019, Vietnam's export turnover increased by nearly $ 9.5 billion, equivalent to an increase of 4.6%. Meanwhile, the import figures stays at 200 million USD, equivalent to a decrease of nearly 0.1% compared to last year.

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Valerie Mai