November 20, 2017 10:46

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Export turnover exceeded the estimate, Vietnam’s trade surplus was US$ 2.55 billion

15:56 | 10/11/2017

VCN- Until the end of October 2017, total Vietnam’ export turnover was US$ 174.55 billion, an increase of 21.3% compared to the same period in 2016.

export turnover exceeded the estimate vietnams trade surplus was us 255 billion Vietnam earns US$6.15 billion from wood exports
export turnover exceeded the estimate vietnams trade surplus was us 255 billion Telephones and computers help Vietnam continues to trade surplus
export turnover exceeded the estimate vietnams trade surplus was us 255 billion Exporting to USA reaches nearly $US 31 billion
export turnover exceeded the estimate vietnams trade surplus was us 255 billion
The trade balance of Vietnam is strongly reversing in the last months of the year. In the photo: Import-export activities in Hai Phong port. Photo: T.Bình.

The above result exceeded over US$ 800 million compared to the estimates launched by experts and managers in the end of October 2017, bringing trade surplus from Vietnam to US$ 2.55 billion.

Only in October, total export turnover of the country reached US$ 20.3 billion, an increase of 4.9% compared to the September and exceeding nearly US$ 1.9 billion compared to the import turnover of October.

5 commodity groups with a turnover of US$ 1 billion or more include: Mobile phones of US$ 5.257 billion; Computers, electronic products and parts of US$ 2.532 billion; Textiles and garments of US$ 2.227 billion; Foot- wears of US$ 1.182 billion; Machinery, equipment of US$ 1.134 billion.

In the end of October, the 3 largest export commodity groups contributed US$ 79.3 billion to the total export turnover of the country, of which mobile phones reached US$36.79 billion; Textiles and garments reached US$ 21.427 billion; Computers, electronic products, and parts reached US$ 21.062 billion.

export turnover exceeded the estimate vietnams trade surplus was us 255 billion Trade deficit is at $US 842 million by the end of 8/2017

VCN - According to preliminary data from the General Department of Vietnam Customs, total export-import turnover of ...

A remarkable point in imports in October was that the turnover of fruits and vegetables had a sign of sharp decline. The export turnover of fruits and vegetables was over US$ 240 million, a decrease of 14.1% compared to the previous 9 months. However, the accumulation from the beginning of the year of this commodity still reached a high growth rate of 42.6% compared to the same period in 2016 and is the third largest export agricultural commodity, followed by fishery and cashew nuts.

By Thai Binh/Ngoc Loan