Trade surplus hits US$3.4 billion in eight months

VOV.VN - Vietnam recorded a trade surplus of US$3.4 billion during the first eight months of this year, buoyed by the soaring value of telephone and component exports.

trade surplus hits us$3.4 billion in eight months hinh 0

The General Statistics Office of Vietnam reported the total trade turnover amounted to US$336.56 billion during the eight-month period. Of this, exports soared by 7.3 per cent to US$169.98 billion.

The domestic economic sector had exports up by 13.9 per cent, accounting for 30.6 per cent of the total. Elsewhere, the growth export of the foreign-invested sector reached 4.6 per cent.

The export growth was backed by the soaring shipments of telephones and components which were totally valued at US$33 billion in the reviewed period, or 19.4 per cent of the total. 

Meanwhile, imports were estimated at US$166.58 billion in the January-August period, a rise of 8.5 per cent on year.

As many as 33 imported categories with a value of over US$1 billion each contributed 89.1 per cent to the total import turnover. Of note, the value of two imports reached more than US$20 billion, representing 34.6 per cent of the total.

 The import of computers and components, along with other electronic items, jumped by 21 per cent to US$33.6 billion, or 20.2 per cent of the total.

Imported machinery and spare parts rose by 12.9 per cent to US$24 billion, while cloth purchases edged up by 4.8 per cent on year to reach US$8.8 billion. Furthermore, automobile imports were valued at US$4.9 billion, a vast leap of 60.3 per cent.


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