Nine month trade surplus tops $5.8 billion

The General Department of Vietnam Customs announced that the country posted a trade surplus of over US$5.8 billion in the first nine months of 2019.

 

During the nine months, Vietnam’s total import-export value was estimated to amount to $382.7 billion, a year-on-year increase of 8.5 percent.
Of these, export value was estimated to reach $194.3 billion, marking a slight surge of 8.2 percent compared to the same period in 2018 while the total import value touched $188.4 billion, up 8.9 percent.
According to the customs department, many key export products gained high growth in value during the first nine months compared to the same period last year.
Specifically, crude oil export was estimated to be around 2,993 thousands of tons with the total value of $1,513 million, increasing 2.6 percent while furniture and furniture products achieved $7.46 billion export turnover, surging 17 percent year on year.
Textile and garment sector posted an export value of $24.8 billion, witnessing a rise of 10.4 percent while footwear export increased 13.5 percent to $13.3 billion.
Export value amounted to $25.4 billion for computers, electronic products and their parts with a rise of 16.8 percent.
The import value also rose slightly in the first nine month. For instance, import of chemical products amounted to $3.9 billion, rising 6.6 percent year on year; plastic materials hit $6.7 billion increasing 16.3 percent; garment $9.7 billion rising 3.2 percent; computers, electronic products and their parts 38.6 billion hiking 23 percent.

By HAN NI - Translated by UYEN PHUONG

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