VN Posts Trade Surplus of US$700 Million in First Half of February

9:44:55 AM | 2/24/2021

The General Department of Customs on Monday announced that Viet Nam enjoyed a trade surplus of US$700 million in the first half of February, with export revenue rising nearly 2.5% year-on-year to US$9.94 billion. 

There were four groups of goods each earning US$1 billion or more, including phones and spare parts; computers, phone products and components; machinery, equipment, tools and spare parts; and textiles and garments.

During the period, the country imported US$9.24 billion worth of products, a decrease of about US$500 million over the same period last year. 

Only two goods categories recorded an import value of at least US$1 billion – computers, phone products and components, and machinery, equipment, tools and spare parts.

As of February 15, Viet Nam’s export turnover reached US$38.46 billion, up nearly 36.9% year-on-year, or over US$10 billion. Meanwhile, its import revenue rose by 25.3% to US$35.7 billion, resulting in a trade surplus of US$2.76 billion.

Source: VGP