Vietnam sees trade surplus of US$6.8 billion in first 11 months

Wednesday, 2018-11-28 13:20:39
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Vietnam sees a trade surplus of more than US$6.8 billion in the January-November period
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NDO/VNA – Despite the deficit of US$400 million in November, Vietnam still saw a trade surplus of more than US$6.8 billion in the January-November period, according to the General Department of Vietnam Customs.

Specifically, the nation’s foreign trade revenue in November was estimated at US$43.6 billion, down 1.6% from the previous month. Of the figure, total export revenue went down by 4.1% to US$21.6 billion, while import value increased by 1.1% to US$22 billion.

The November figure brought the 11-month foreign trade value to US$440.45 billion, up 13.4% from the same period in 2017.
In terms of exports, the item with the highest revenue for the period was telephone and parts, with US$46.14 billion, up 11.5% year on year. It was followed by textile-garment with US$27.77 billion, up 17.4%, and computer, electronics and parts with over US$27 billion, up 13.9%.

In terms of imports, the country spent US$38.7 billion on computers, electronics and parts, an increase of 13.6%, and US$30.71 billion on machinery, equipment, tools and spare parts, down 0.7%.