Nation records trade surplus of US$3.04 billion over four-month period

VOV.VN - The first four months of 2020 saw the country enjoy a trade surplus of US$3.04 billion amid the negative economic impact caused by the novel coronavirus, according to the Ministry of Industry and Trade (MoIT).

The country’s overall export turnover throughout the reviewed period reached US$82.94 billion, a year-on-year rise of 4.7%.

Some of the local goods which enjoyed strong growth in terms of export value over the four months include machinery, equipment, tools and spare parts, which increased by 29.6%, followed by computers, electronic products and components, rising by 28.6%, wood and wooden products, up 10.1%, footwear, up 1.3%, and telephones and components, up 1.1%.

The United States remained the largest market for the export of Vietnamese items over the four-month period, with a value of US$20.3 in turnover, an increase of 13.4%. Other significant markets include China and Japan, with US$13.1 billion and US$6.7 billion, representing rises of 26.7% and 10.1%, respectively.

Elsewhere, imports totaled US$79.89 billion, an annual increase of 2.1%.
The MoIT expects that the country’s export value will increase again during the second half of the year, providing that the epidemic is kept under control in the second quarter.

Moreover, the ministry will continue to give priority to efforts that seek to enhance trade links between Vietnamese enterprises and foreign partners, whilst also promoting made-in-Vietnam goods to domestic and foreign consumers.