Hanoi (VNA) – Vietnam’s export earnings grew by 14.8% to 262.44 billion USD in the first seven months of this year, while its import turnover rose by 17.9% to 252.26 billion USD, resulting in a trade surplus of 10.18 billion USD, the National Statistics Office (NSO) reported on August 6.
The country's total import-export turnover reached 514.7 billion USD in the period, marking an increase of 16.3% year-on-year.
The domestic economic sector posted a growth rate of 6.7%% to 67.48 billion USD in exports, while the foreign-invested sector, including crude oil, increased by 17.9% to 194.96 billion USD.
The exports of processed industrial goods stood at 232.37 billion USD, accounting for 88.6% of the total export turnover. Agricultural and forestry products reached 22.4 billion USD, accounting for 8.5%; aquatic products 6.08 billion USD or 2.3%; and fuel and mineral products 1.59 billion USD, making up 0.6%.
Meanwhile, the imports of production materials were estimated at 236.57 billion USD, making up 93.8% of the total import turnover. Consumer goods hit 15.69 billion USD, accounting for 6.2%.
Vietnam ran a trade surplus of 22.3 billion USD with the EU in the first seven months, marking a 9.9% increase year-on-year, while the surplus with Japan rose 21% to 1.3 billion USD.
China remained Vietnam’s largest import market in the preriod, with turnover reaching 101.5 billion USD. Vietnam recorded a trade deficit of 66.5 billion USD with the neighbouirng country, up 41.1% year-on-year.
The trade deficit with the Republic of Korea stood at 17.4 billion USD, slightly down 0.2%, while the deficit with ASEAN rose sharply by 63% to 8.5 billion USD./.
