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Vietnam posts record trade surplus of US$13.5 billion in eight months

by NDO15 September 2020 Last updated at 15:55 PM

Phones and components record the highest export revenue of US$31.6 billion during the January-August period. (Illustrative image)
Phones and components record the highest export revenue of US$31.6 billion during the January-August period. (Illustrative image)

VTV.vn - Vietnam reported total import and export revenue of over US$336.92 billion in the first eight months of 2020 and a record trade surplus of nearly US$13.5 billion, as announced by the General Department of Vietnam Customs on September 14.

According to the General Department of Vietnam Customs, Vietnam posted total export revenue of US$175.36 billion in the first eight months of this year, up 2.3% and a total import revenue of US$161.9 billion, down 2.4% over the same period in 2019.

Thus, the country enjoyed a trade surplus of nearly US$13.5 billion during the eight-month period, nearly 2.5 times higher than that of the same period in 2019 (US$5.47 billion).

During the January-August period, phones and components recorded the highest export revenue of US$31.6 billion, down 5.4% compared to the same period in 2019.

In particular, furniture products made of non-wood materials witnessed a dramatic increase in export revenue by 54.4%, reaching nearly US$1.5 billion while sports equipment saw a sharp increase of 63.7%, reaching US$1.7 billion during the eight- month period.

Five groups of other goods posted export revenues of over US$1 billion each including computers, electronic products and components; garments and textiles; machinery and equipment; footwear; wood and wood products.

Meanwhile, computers, electronic products and components saw the highest import revenue during the period at US$33.75 billion, up 15.6% over the corresponding period last year.

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