Trade surplus estimated at USD 7.21 billion this year

Thứ Năm 22:39 27/12/2018
The General Department of Vietnam Customs estimates the country’s trade surplus this year at USD 7.21 billion, USD 5.1 billion higher than the figure registered last year.

The factory of the Kydo Vietnam garment company in Hung Yen province

The agency said on December 27 that the total trade turnover this year is likely to hit USD 482.23 billion, up 12.6 percent from a year earlier. It includes USD 244.72 billion in exports and USD 237.51 billion in imports, up 13.8 percent and 11.5 percent, respectively.

In December alone, the trade value decreased by 2.6 percent month on month to about USD 42.2 billion, including USD 21 billion in exports – down 3.4 percent, and USD 21.2 billion in imports – down 1.8 percent.

During the year, machinery, equipment and spare parts record the highest annual exports growth rate, 28 percent, to reach some USD 16.53 billion. They are followed by textile-apparel (up 16.6 percent to USD 30.45 billion) and computers, electronic products and components (up 13.4 percent to USD 29.45 billion).

Meanwhile, the fastest pace of imports is seen in fabric (up 13.5 percent to USD 12.91 billion); computers, electronic products and components (up 12.5 percent to USD 42.5 billion); and materials for textile, garment, leather and footwear production (up 5.7 percent to USD 5.74 billion), according to estimates of the Vietnam Customs.