Vietnam records 2.76 billion USD trade surplus in 11 months
Vietnam recorded a trade surplus of 2.76 billion USD in the first 11 months of the year, or 1.4 percent of total export turnover, according to the Ministry of Industry and Trade (MoIT).
Vietnam recorded a trade surplus of 2.76 billion USD in the first 11 months of the year. (Source: VNA)
Hanoi (VNA) - Vietnam recorded a trade surplusof 2.76 billion USD in the first 11 months of the year, or 1.4 percent of totalexport turnover, according to the Ministry of Industry and Trade (MoIT).
This marks a slight decrease against a 2.9 billion USD surplusseen in 2016.
The total export value during the reviewed period was 193.75billion USD and that of imports was 190.99 billion USD, up 21.1 percent and 21 percentyear-on-year, respectively.
The ministry said that agriculture and seafood exportsduring this period rose 16.9 percent year on year to reach 23.5 billion USD,accounting for12.1 percent of total export turnover.
Export of crude, coal, petrol and minerals is estimated at 3.94billion USD, up 26.4 percent year-on-year, accounting for 2.0 percent of totalexport turnover.
The export of processed goods reached 157.3 billion USD, up22.4 percent over the same period last year, accounting for 81.2 percent oftotal export turnover.
Asia has emerged the main importer of Vietnamese goods, witha year-on-year increase of 30.8 percent, accounting for 52.1 percent of totalexports.
It estimates that import turnover in the first 11 months of2017 increased by a significant 21 percent year-on-year.
Asia was also the biggest supplier of goods, with Vietnameseimports from this market rising strongly by 22.2 percent year-on-year,accounting for 81 percent of total import turnover.
The ministry says that Vietnam’s total export turnover in2017 is expected to reach the highest level since 2011, far exceeding the 202billion USD target set for the year. The annual export figure is estimated at 210billion USD, an increase of 20 percent compared over 2016.-VNA
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Vietnam recorded a trade surplus of 2.76 billion USD in the first 11 months of the year. (Source: VNA) 
