Business

Export-import turnover up 13 percent in first two months

Vietnam’s export-import turnover hit an estimated over 108.5 billion USD in the first two months of 2022, up 13 percent compared to the same period last year, the General Statistics Office (GSO) reported on February 28.
Export-import turnover up 13 percent in first two months ảnh 1Producing footwear for exports (Photo: VNA)
Hanoi (VNA) – Vietnam’s export-import turnover hit an estimated over 108.5 billion USD inthe first two months of 2022, up 13 percent compared to the same period lastyear, the General Statistics Office (GSO) reported on February 28.

Of the figure, the export revenue posted an increase of 10.2 percent to 53.79 billionUSD.

In Jan-February, there were nine export commodities recording turnover of at least 1 billion USD, accounting for 71.6 percent of the total export value.

The US remained thebiggest importer of Vietnamese commodities in the last two months, with anestimated value of 18.3 billion USD.

Meanwhile, the country’s import turnover was up 15.9 percent duringthis period, with 13 types of goods valued at over 1 billion USD. Vietnam mainlyimported goods from China, the Republic of Korea (RoK) and ASEAN countries.

As a result, the country experienced a trade deficit of 937 million USDin the period.

In February alone, the country's foreign trade was valued at 48.2 billion USD, down 20 percent from the previous month but up 17.6 percent year on year. Export earnings were estimated at 22.95 billion USD, down 25.6 percent month on month and up 13.2 percent year on year. Imports were valued at 25.28 billion USD, down 14.2 percent from January, resulted in a trade deficit of  2.34 billion USD./.

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