According to the Malaysia External Trade Development Corporation (Matrade), the momentum was reinforced by the services sector, which recorded its first trade surplus since 2011, marking a successful shift toward a high-value service-driven economy.
Statistics Indonesia (BPS) has reported that the country’s trade balance in December last year experienced a surplus of 3.31 billion USD, marking the 44th month in a row of surplus since May 2020.
Vietnam ran a surplus of 9.3 billion USD in agro-forestry-fishery trade during January – October, up 26.2% from the same time last year, according to the Ministry of Agriculture and Rural Development (MARD).
The Philippine central bank (BSP) on February 21 said the country’s overall balance of payments (BOP) posted a 3.1 billion USD surplus in January, a reversal from the 102 million USD deficit recorded a year earlier.
Indonesia's trade balance recorded the 31st consecutive month surplus, reaching 5.16 billion USD as of November 30, reported the Statistics Indonesia on December 16.
Boosting Vietnam’s exports to niche markets was key to minimising the impact of a looming global recession, said Vu Ba Phu, head of the Department of Trade Promotion under the Ministry of Industry and Trade.
Vietnam’s exports rose 4.7 percent year-on-year in the first ten months of this year to over 229 billion USD, for a trade surplus of a record 18.7 billion USD, according to latest report by the General Statistics Office.
Vietnam and the United Kingdom have enjoyed good growth in bilateral trade, increasing 3.5 times over the last decade. In 2017, bilateral trade hit 6.2 billion USD.
Bank Indonesia (BI) reported on August 18 that the balance of payments (BoP) of the country had a surplus of 9.2 billion USD in the second quarter of 2020.
The agricultural sector posted a trade surplus of 1 billion USD in the January-February period despite a year-on-year decrease of 1.6 percent in export value.
The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.
Vietnam raked in more than 6.7 billion USD from exporting its main forestry products in the first nine months of 2018, up 15.91 percent year-on-year, accounting for 23.17 percent of the total export turnover of the agricultural sector.
In the first half of 2018, Vietnam's export revenue was estimated at 13.93 billion USD and import revenue 111.36 billion USD, with a surplus of 2.57 billion USD.
The World Bank forecast that Indonesia would grow 5.3 percent and 5.4 percent by 2018 and 2019, respectively, higher than 5.02 percent recorded in 2016.