Import-export activities at a port in Vietnam (Photo: VNA)
Hanoi (VNA) – Vietnam recorded a trade surplus of 1.8 billion USD inthe first seven months of the year, according to the General Statistic Officeof Vietnam.
During the period, Vietnam earned 145.13 billion USD from shipping goodsabroad, a year on year surge of 7.5 percent.
The growth in export value was mainly contributed to by 24 ‘billion dollar’goods items, which accounted for 88.1 percent of total export revenue.Telephones and spare parts were the largest earners, followed by electronics,computers and spare parts, and garment and textiles.
Meanwhile, shipments of vegetables and fruits, coffee and cashew experienced afall compared to the same time last year.
The US was the largest importer of Vietnamin the period while the EU and China came second and third, respectively.
Also in the reviewed period, Vietnamsplashed out 143.34 billion USD on imports, up 8.3 percent year on year. Of thesum, some 60.83 billion USD was contributed by the domestic economic sector, up12.6 percent, and 82.51 billion USD by the foreign-invested sector, growing 5.3percent.
There were 28 goods items seeing import value of more than a billion USD,making up 85.8 percent of total purchase from foreign countries, includingelectronics, computers and spare parts, and machines and equipment.
Most of the goods were bought from China, theRepublic of Korea and ASEAN countries.
During January-July, the domestic sector witnessed a trade deficit of 16.8billion USD, and the foreign-invested sector reported a trade surplus of 18.6billion USD.-VNA
The surge in imports of several commodities limited the trade surplus in the past four months to 711 million USD, compared to the surplus of 3.7 billion USD during the same period last year.
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Import-export activities at a port in Vietnam 
