Vietnam posts US$1.36 billion trade surplus in Q1
Vietnam registered a trade surplus of US$1.36 billion in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported.
According to General Department of Vietnam Customs statistics total import-export turnover of the country in Q1 reached US$76.17 billion, a year-on-year increase of 1.% (US$817 million).
Exports for the first three months rose 6.6% to US$38.77 billion while imports declined 4% to US$37.4 billion.
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The department highlighted some major exports during the period, including mobile phones and components being up 24.2% to US$8.27 billion, textiles and garments up 6.5% to US$5.12 billion, computers, electronic products and accessories up 4.9%to US$3.73 billion and footwear up 9.6% to nearly US$2.8 billion.
Seafood, rice, fruit and vegetable exports also rose.The US remained Vietnam’s largest export market, valued at US$7.9 billion, an increase of 11.1%. Vietnam’s exports to ASEAN and Japan declined 9.9% and 0.4% to US$4.2 billion and US$3.2 billion, respectively.
