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Economic News

Last updated: Tuesday, November 21, 2017

 

US$1.2-Billion Trade Surplus in 10 Months

Posted: Monday, November 06, 2017


The General Department of Vietnam Customs said Vietnam’s export and import value was estimated at US$346.22 billion in the first 10 months of 2017, up 21.3 per cent over the same period of 2016. Of the sum, exports valued US$173.72 billion, up 20.7 per cent, and imports were worth US$172.49 billion, up 22 per cent. Vietnam took a trade surplus of US$900 million in October, totalling US$1.23 billion in the first 10 months of 2017.

The trade surplus was resulted by strong export growth of some commodities. Specifically, telephones and components brought in US$36.54 billion in 10 months, up 28.8 per cent. Garments and textiles generated US$21.51 billion, up 9.5 per cent; computers, electronic products and components approximated US$21 billion, up 38.6 percent; footwear earned US$11.7 billion, up 11.9 percent; machinery, equipment, spare parts took home US$10.36 billion, up 28 per cent; woodwork exports valued US$6.19 billion, up 10.9 per cent; and seafood exports amounted to US$6.8 billion, up 18.7 per cent.

Kim Ngoc








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