US$6.52 billion in trade surplus for Vietnam over nine months

Statistics show nine-month exports brought in US$282.52 billion (estimated), up 17.3% year on year. Notably, 32 export items generated US$1 billion reach and six of them raked in more than US$10 billion each.

However, exports for September fell 14.3% month on month to US$29.94 billion. The September figure raised the export value in the third quarter to US$96.5 billion, up 17.2% year on year, but down 0.5% compared to the previous quarter.

Meanwhile, nine-month imports were estimated at US$276 billion, up 13% year on year. There are 42 items with an import turnover of US$1 billion each and five items with an import turnover of more than US$10 billion each.

Thus, Vietnam produced a trade surplus of US$6.52 billion over nine months, an impressive figure compared to a trade deficit of US$3.44 billion it slipped into in the same period last year.

Notably, the domestic economic sector ran up a trade deficit of US$22.89 billion, while the FDI sector (including crude oil) enjoyed a trade surplus of US$29.41 billion.

The United States remains Vietnam’s largest export market with an estimated turnover of US$86.3 billion. China is Vietnam’s largest import market with an estimated turnover of US$91.6 billion.