Vietnam racks up trade surplus of US$1.7 billion

23:49 22/12/2021

Vietnam's import and export value had reached US$633 billion by mid-December, with the country posting a trade surplus of approximately US$1.7 billion, according to statistics given by the General Department of Vietnam Customs.

Vietnam racks up trade surplus of US$1.7 billion

Of the figure, exports and imports hit US$317.45 billion and US$315.78 billion, respectively.

Exports during the first half of December alone reached US$15.78 billion, with four groups of goods grossing US$1 billion, including phones, computers, machinery, and garments and textiles.

Throughout the reviewed period, eight commodities enjoyed export turnover of over US$10 billion, including footwear with US$16.67 billion, wood products (US$14 billion), iron and steel (US$11.27 billion), as well as means of transport and spare parts (over US$10 billion).

Furthermore, Six groups of imported goods fetching over US$10 billion with computers, electronic products and components posting the highest import turnover at US$71.9 billion, followed by machinery, equipment, tools, spare parts, phones and components, fabric, plastic materials, iron and steel.

According to the Ministry of Industry and Trade, despite facing unpredictable developments caused by the COVID-19 pandemic, Vietnamese import and export revenue managed to maintain positive growth momentum with the aime of exceeding US$660 billion this year.

Of the total, export earnings are anticipated to hit over US$331.1 billion, representing a year-on-year  rise of 17.2%.