Vietnam first records US$2 billion trade surplus with G20

Vietnam’s exports to the group in the reviewed period increased 9.4% to US$75.22 billion, making up 77.78% of the country’s total export turnover. The increase was attributable to the growing export revenues of key products like telephones and components at US$2.32 billion, computers and components at US$1.04 billion and seafood at US$715 million.

Meanwhile, imports from G20 reached US$73.2 billion, down 1.7% or 77.3% of the country’s total import revenue.

Five key import products constituting 53% of the country’s total import revenue included machinery and equipment, computers, electronics and components telephones and components, cotton and steel.

China remained the largest trade partner of Vietnam with trade exchange recording US$38.18 billion (up 2.4%), trailed by the US (25.72 billion, up 10.6%) and the EU (US$24.87 billion, up 6.1%).