World Economy

Vietnam Reports Trade Surplus

Vietnam Reports Trade SurplusVietnam Reports Trade Surplus

Vietnam recorded a trade surplus of $2.76 billion in the first 11 months of the year, or 1.4% of total export turnover, according to the ministry of industry and trade, VNA reported. This marks a slight decrease against the $2.9 billion surplus seen in 2016. The total export value during the reviewed period was $193.75 billion and that of imports was $190.99 billion, up 21.1% and 21% year-on-year, respectively. The ministry says that agriculture and seafood exports during this period rose 16.9% year on year to reach $23.5 billion, accounting for 12.1% of total export turnover. Export of crude, coal, petrol and minerals is estimated at $3.94 billion, up 26.4% year-on-year, accounting for 2% of total export turnover. The export of processed goods reached $157.3 billion, up 22.4% over the same period last year, accounting for 81.2% of total export turnover. Asia has emerged the main importer of Vietnamese goods, with a year-on-year increase of 30.8%, accounting for 52.1% of total exports.


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