May 27, 2018 04:40

Advertisement Contact us RSS Vietnamese

Vietnam gained a record trade surplus of US$ 3.9 billion

19:51 | 11/05/2018

VCN - The latest statistics from the General Department of Customs recorded a trade surplus of US$ 3.9 billion in April, a record high rate in many recent years.

vietnam gained a record trade surplus of us 39 billion Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2018
vietnam gained a record trade surplus of us 39 billion Trade surplus exceeds beyond the forecast by nearly $US 2.7 billion
vietnam gained a record trade surplus of us 39 billion Vietnam-France bilateral trade enjoys continuous growth
vietnam gained a record trade surplus of us 39 billion
Import and Export activities at Tan Vu port, Hai Phong.

On the afternoon of 10th May 2018, the General Department of Customs released the latest information on the whole country’s imports and exports in the second half of April.

Accordingly, in the second half of April, (from 16/4 to 30/4) the country’s total import and export turnover reached US$ 18.26 billion, slightly up by 5.2%, equivalent to an increase of US$ 898 million against the result in the first half of April 2018.

With above result, in the second half of April the country’s total import and export turnover in the first four months of 2018 reached US$ 143.89 billion, up 14.3%, equivalent to an increase of US$ 17.95 billion compared to the same period of 2017.

In the second half of April, Vietnam's trade balance reached a surplus of nearly US$ 0.8 billion, thereby raising the country's trade surplus in the past four months to nearly US$ 3.9 billion.

According to the General Department of Customs, in the second half of April, export turnover increased sharply compared to the first half in some key commodities such as computers, electronic products and components, up by 18.5%, equivalent to an increase of US$ 181.71 million; iron and steel up by 77.9%, equivalent to an increase of US$ 103.66 million; footwear of all kinds up by 17.3%, equivalent to an increase of US$ 100.41 million; means of transportation and parts thereof up by 35.4%, equivalent to an increase of US$ 94.14 million, machinery, equipment, other spare parts up by 10.2%, equivalent to an increase of US$ 66.25 million.

Remarkably, the largest exported commodity were mobile phones and accessories, but continued to drop with a decrease of US$ 315.35 million compared with the first half of April, equivalent to 16.6%.

Thus, in April, Vietnam's total export turnover reached US$ 73.89 billion, up 19.2%, equivalent to an increase of US$ 11.89 billion compared to the same period in 2017.

Regarding import activities, in the second quarter of April, the country achieved an import turnover of US$ 8.73 billion, up 2.7% (equal to US$ 228 million in absolute terms), compared to the result in the first half of April.

The increase in import turnover focused on some key commodities, such as coal of all kinds, up 2.93 times, equal to US$ 125.08 million; petroleum up by 41.7%, equal to US$ 112 million; fabrics up by 20.8%, equal to US$ 103.35 million; computers, electronic products and components up 4.9%, equal to US$ 64.64 million.

vietnam gained a record trade surplus of us 39 billion Preliminary assessment of Vietnam international merchandise trade performance in the first half of February, 2018

The Vietnam Customs Statistics announced that in the first half of February-2018, Vietnam’s total exports of US ...

Thus, from the beginning of the year to the end of April, the country’s total import turnover reached over US$ 70 billion, up 9.5% (up US$ 6.06 billion) over the same period in 2017.

By Thai Binh/ Huyen Trang