Vietnam posts trade surplus of US$4 billion

Vietnam posts trade surplus of US$4 billionFacemasks and medical equipment post increasing export revenue during the COVID-19 pandemic. (Illustrative image)

NDO – Vietnam reported a trade surplus of US$4 billion for the first six months of this year, a sharp increase compared to the same period last year despite considerable impacts from the COVID-19 pandemic, according to the General Statistics Office (GSO).

The GSO stated that the import and export revenues of several goods have suffered significant effects from the coronavirus pandemic which continues to develop in a complicated manner on a global scale, particularly among Vietnam’s leading trade partners.

Vietnam’s total import and export revenue reached US$238.4 billion in the first six months of this year, down 2.1% over the same period last year. Of which, export revenue declined by 1.1% and import revenue decreased by 3%.

Specifically, the country’s export revenue was reported at US$121.21 billion and import revenue was posted at US$117.17 billion.

Twenty-two types of goods saw export revenue of over US$1 billion each, accounting for 86.2% of the country’s total export revenue. Meanwhile, 22 types of goods also posted import revenue of over US$1 billion each, accounting for 81.2% of the total import revenue.

Therefore, the country enjoyed a trade surplus of US$4 billion, while a trade surplus of US$1.7 billion was posted for the same period last year.

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