Trade Surplus Hits US$18.72 Bln in Ten Months, Official Data Shows

11:29:29 AM | 30/10/2020

Viet Nam ran a record trade surplus of US$18.72 billion in the January-October period despite complicated evolution of the COVID-19 pandemic across the globe, the General Statistics Office (GSO) said Thursday.

In October, export turnover was estimated at US$ 26.7 billion, representing a month-on-month decline of 1.7% and a year-on-year increase of 9.9%.

In the first ten months, export value was about at US$ 229.27 billion, up 4.7% against the same period last year.

Viet Nam had 31 export categories with export turnover of over US$ 1 billion each, making up 91.8% of the country's total export value. Of these five commodities with over US$ 10 billion each).

The U.S. was the biggest importer of Viet Nam, purchasing goods worth US$62.3 billion, up 24% against the same period last year; followed by China (US$ 37.6 billion), the EU (US$ 28.9 billion), ASEAN (US$ 18.9 billion, the RoK (US$ 16.3 billion).

Meanwhile, import turnover in October was estimated at US$ 24.5 billion, representing a month-on-month increase of 1.2% and a year-on-year growth of 10.1%.

In January-October period, import turnover picked up by 0.4% to US$ 210.55 billion.

China was the biggest importer of Viet Nam with its turnover estimated at US$ 65.8 billion, followed by the RoK (US$ 37.4 billion), ASEAN (US$ 24.4 billion), Japan (US$ 16.5 billion), the EU (US$ 11.8 billion).

Source: VGP