Trade surplus reaches US$900 mil in February

The General Statistics Office has said that the country’s export turnover in February reached US$7.5 billion while import turnover is estimated at $6.6 billion, showing a trade surplus of $900 million.

Workers process Pangasius fish for export in the Mekong Delta province of An Giang (Photo: SGGP)

Import turnover dropped 38.3 percent since last month, partly due to the long Tet holiday season.

In the first two months of the year, export turnover hit $18.97 billion, an increase of 23.9 percent over the same period last year. While import turnover was $17.3 billion, bringing trade surplus to about $1.7 billion during this period.

On February 25, the Ministry of Agriculture and Rural Development announced the status of aqua-agro-forestry exports in the first two months of 2013.

Accordingly, export turnover was around $4.83 billion, 31.5 percent up over the same period last year.

Export of coffee, tea and cashew nuts fell in quantity but soared in value. Rice exports continued to drop in value despite hike in volume.

Vietnam exported 677,000 tons of rice in January and February,   earning $310 million, an increase of 68.2 percent in volume but reduction of 15.4 percent in value over the same period last year.

China remains the largest rice export market for Vietnam, followed by Singapore, the Republic of Korea and the Philippines.

By staff writers – Translated by Hai Mien

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