Vietnam enjoys US$9.1 billion trade surplus in 11 months

Friday, 2019-11-29 17:47:32
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Vietnam posted total export revenue of US$241.42 billion and a total import revenue of US$232.31 billion in the first 11 months of this year.
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NDO – Vietnam posted total export revenue of US$241.42 billion and a total import revenue of US$232.31 billion in the first 11 months of this year, resulting in a trade surplus of US$9.1 billion, the General Statistics Office (GSO) has announced.

The export revenue in 11 months increased by 7.8% year-on-year while the import revenue in 11 months went up by 7.4% year-on-year.

The export revenue of the domestic economic sector witnessed a 18.1% increase while the foreign direct investment (FDI) sector reported a rise of 3.8%.

In the 11-month period, Vietnam saw 30 types of goods reporting export revenue of over US$1 billion each, accounting for 91.6% of total Vietnam’s export revenue.

Phones and components recorded the highest export revenue of US$48.7 billion and it was followed by electronic products, computers and components with an export turnover of US$32.4 billion.

Meanwhile, 35 types of goods posted an import revenue of over US$1 billion each, occupying 90% of total import revenue.

The US continues to be the largest export market of Vietnam with export revenue of US$55.6 billion, up 27.9% over the same period last year. The EU market came in second with export revenue of US$38 billion and the Chinese market came in third with export revenue of US$37.4 billion.

In the January-November period, China remained Vietnam’s largest import market with import revenue of US$68.7 billion, up 15.2% against the same period last year. It was followed by the Republic of Korea, ASEAN and Japan.