Vietnam racks up trade surplus of over US$24 billion by mid-November
VOV.VN - The country enjoyed a trade surplus of more than US$24 billion by mid-November with its total import-export turnover reaching nearly US$600 billion, according to statistics released by the General Department of Vietnam Customs.
Of the figure, Vietnamese export turnover reached US$306 billion, marking a drop of 6.4% on-year, with imports hitting US$281.6 billion.
Most notably, the country's trade turnover during the first half of November reached nearly US$30 billion, of which exports grossed US$14.65 billion.
A total of four export product groups earned a turnover of US$1 billion in the reviewed period, including computers, electronic products and components with US$2.42 billion; phones and components with US$2.1 billion; machinery, equipment, tools and spare parts with US$1.83 billion; and textiles and garments with US$1.29 billion.
Meanwhile, the country spent US$14.77 billion on importing goods in the first half of November with major items, including computers, electronic products and components; iron and steel of all kinds; and raw materials for textiles, garments, leather, and shoes.
Industry insiders pointed out that it is currently proving to be a difficult year for the Vietnamese economy due to both internal and external impacts.
They noted that the economy has been directly affected by the global economic recession due to its high openness, a factor leading to numerous difficulties for exports and domestic consumption.
Although the trade balance continues to improve, Vietnamese exports are facing up to issues such as weak purchasing power from major markets.
