Seven-month trade surplus reaches US$764 million
The country enjoyed a trade surplus of US$764 million during the initial seven months of the year, the General Statistics Office (GSO) has reported.
According to details provided by the office, throughout the reviewed period, total import-export revenue is estimated to have reached US$431.94 billion, up 14.8% on year.
The statistics unveiled that the nation's total export revenue reached US$216.3 billion between January and July of this year, representing a rise of 16% compared to the same period in 2021.
Of the figure, the domestic economic sector contributed US$56.99 billion, up 17%, whilst the foreign direct investment sector contributed US$159.36 billion, up 15.7%.
The seven-month period saw 30 major commodities record an export turnover of over US$1 billion, accounting for 91.9% of the country’s overall export turnover.
Throughout the reviewed period, the national import value was estimated to stand at US$215.59 billion, an increase of 13.6% on-year.
The United States represented the country’s largest export market throughout the first seven months of the year with a value of US$67.1 billion, while China was the largest Vietnamese import market with an estimated value of US$72.6 billion.
The country witnessed a 41.5% rise in trade surplus with the EU to reach approximately US$18.7 billion. Meanwhile, the nation suffered a trade deficit of US$42.2 billion with China, up 21.6%.
