Vietnam posts US$2.8 billion trade surplus in eight months

Thursday, 2018-08-30 10:25:54
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Exports during the January-August period were estimated at US$155 billion.
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NDO - Vietnam ran a trade surplus of US$2.8 billion in the first eight months of 2018, according to preliminary data released by the General Statistics Office (GSO) on August 29.

Exports during the January-August period were estimated at US$155 billion, up 14.5% against the same period in 2017, while imports rose 11.6% to an estimated US$152.66 billion.

The first eight months of 2018 saw the foreign-invested sector record a trade surplus of USS$19.5 billion, while domestic enterprises suffered a deficit of US$16.7 billion.

The United States remained the largest market for Vietnamese exports, purchasing US$30 billion worth of goods in the January-August period, up 10.2% from the previous year.

The EU came second with US$27.7 billion worth of goods, followed by China with US$23.4 billion in imports.

Vietnamese exports to the ASEAN countries rose 16% to reach US$16.5 billion, while exports to Japan and the Republic of Korea were estimated at US$12 billion and US$11.8 billion respectively.

On the opposite side, China remained the largest source of Vietnamese imports with over US$41 billion in the first eight months of 2018, a year-on-year rise of 12.8%.

Vietnam’s imports from the Republic of Korea and ASEAN ranked second and third, with US$30.8 billion and US$20.5 billion respectively.