June 04, 2020 05:01

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Trade surplus to Italy in the first two months of the year was US$130 million

09:51 | 10/03/2020

VCN- Italy is Vietnam’s leading trading partner in the EU and Vietnam has maintained a trade surplus.

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trade surplus to italy in the first two months of the year was us 130 million

Turnover of seven major export commodities of Vietnam to Italy, the unit “US million”. Chart: T.B

According to the General Department of Vietnam Customs, by the end of January 2020, Vietnam’s export turnover to Italyreached US$255.3 million.

In 2019, Vietnam’s export turnover to Italy reached US$3.44 billion, import reached US$ 1.9 billion. In 2019, Vietnam’s export turnover to Italyreached US$3.44 billion, import reached US$ 1.9 billion.

Vietnam’s Exported goods are quite diverse, such as agricultural products, textiles, garments and footwear and electronic products.

In January, there are seven commodity groups exported to Italy with a turnover of US$10 million or more.

Export turnover of phones and components was US$65.8 million; footwear of US$30 million; and coffee of US$23.6 million.

Notably, import turnover to Italyalso fell sharply in the first month of this year.

Specifically, export turnover decreased about US$90 million compared to 2019, equivalent to 26 percent.

Export turnover ofphones and components declined nearly US$21 million, equivalent to a decrease of 24 percent.

In January, import turnover from Italy reached US$121 million.

Major import goods are textiles, garments, leather and footwear; medicine; machinery, equipment, tools and spare parts.

Import turnover from Italy dropped by nearly US$66 million, equivalent to a decrease of nearly US$160 million

However, at the end of January, Vietnam still had a trade surplus of more than US$130 million.

By Thai Binh/Ngoc Loan