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Trade surplus at $1.23 billion

Released at: 13:56, 26/05/2016

Trade surplus at $1.23 billion

Photo: Thanh Duc

FDI sector contributes 70 per cent to export value year-to-date.

by Quynh Nguyen

As at May 15 total export and import turnover reached $117.02 billion for the year, an increase of 0.8 per cent year-on-year, with a trade surplus of $1.23 billion, Vietnam Customs reported.

In the first half of May exports were valued at $6.02 billion, down 14.5 per cent compared to the second half of April, mainly due to lower turnover in textiles, telephones, vehicles and spare parts, computers, and seafood.

Export turnover year-to-date increase by 5.4 per cent year-on-year, to $59.13 billion.

Import turnover in the first half of May was $6.59 billion, down 3.5 per cent compared to the second half of April, with the year-to-date figure being $57.89 billion, down 3.5 per cent year-on-year.

Import turnover declined primarily because of fewer imports of vehicles and spare parts, petroleum, computers, and telephones.

The export value of the FDI sector in the first half of May reached $4.24 billion, down 13.8 per cent (or $677 million) against the second half of April.

To May 15 export turnover by the FDI sector stood at $41.45 billion, an increase of 9 per cent year-on-year and accounting for 70.1 per cent of total export turnover.

The sector’s imports totaled $34.29 billion, down $1.61 billion or 4.5 per cent compared to the same period last year.

  • TAGS
  • Vietnam Customs
  • trade surplus
  • export
  • import

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