Trade Surplus Hit US$64 Million

The nation’s trade surplus climbed to US$64 million in the first 10 months of the year, according to the General Department of Customs.

 

Total trade topped US$187.5 billion during the period, an increase of 12.5 percent over the corresponding period last year. However, exports rose at a faster pace, fetching US$93.8 billion, an increase of 19 percent, while imports rose 6.7 percent to US$93.7 billion.

 

The trade surplus in October alone was US$662 million.

 

Foreign-invested enterprises accounted for 55 percent of the nation’s export value during the 10-month-period, with exports totalling US$52 billion, an increase of 36 percent over the same period last year. Meanwhile, the import value of foreign-invested enterprises rose 24 percent to US$49 billion, accounting for 53 percent of the nation’s total imports.