Exports Hit More Than US$88 Billion

As of October 15, exports had reached US$88.2 billion, a year-on-year increase of 18.5 percent, and imports hit US$88.66 billion, up 6.8 percent.

 

As a result, Vietnam ran a trade deficit of US$463 million, in more than 10 months of the year, according to the General Department of Customs.

 

Garments topped the list of the country’s exported commodities with a total value of more than US$12 billion, a year-on-year increase of 7.4 percent, followed by telephones and components, crude oil, computers, electronic products and components.

 

The EU is Vietnam's biggest importer of phone handsets and components, around US$3.72 billion, increasing twofold and accounting for 43 percent of the country’s total export value. It is followed by the United Arab Emirates at US$1.04billion, Russia at US$520 million, and Hong Kong at US$383 million.