Export turnover sees slight rise in 7 months

Vietnam’s export turnover in the first seven months of 2020 hit an estimated 145.79 billion USD, up 0.2 percent year-on-year, according to the General Statistics Office.
Export turnover sees slight rise in 7 months ảnh 1Rice for export (Photo: VNA)

Hanoi (VNA) - Vietnam’s export turnover in the firstseven months of 2020 hit an estimated 145.79 billion USD, up 0.2 percent year-on-year, according to the GeneralStatistics Office.

The export value in July alone reached 23 billion USD, up 1.9percent compared to the previous month and 0.3 percent over the same periodlast year.

The domesticeconomic sector was seen as a key contributor to the national export growth inthe Jan-July period, bringing home 50.76 billion USD, up 13.5 percent.Meanwhile, the foreign-invested sector (includingcrude oil) raked in 95.03 billion USD, down 5.7 percent year-on-year.

The US remained thelargest importer of Vietnamese goods, with a turnover of 37.9 billion USD in thelast seven months, up 15 percent compared to same period last year. China was therunner-up with 23.5 billion USD, surging 18.4 percent.

Meanwhile, the markets that saw decreased export turnover included the EU (down5.9 percent), ASEAN (15.4 percent), Japan (5 percent), and the Republic of Korea(0.4 percent).

Vietnam spent 139.33 billion USD on imports in the reviewed period, down 2.9percent year-on-year. China was the biggest exporter to Vietnam with anestimated turnover of 41.6 billion USD, down 1.8 percent.

As a result, Vietnam enjoyed a trade surplus of 6.5 billion USD in the lastseven months, the GSO said./.
VNA

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