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

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.