Vietnam records US$400 million in trade surplus in August

Tuesday, 2017-08-29 09:39:34
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NDO - Vietnam posted a trade surplus of US$400 million in August, up from US$266 million in July, according to the General Statistics Office.

However, aggregate figures in the first eight months of the year show that Vietnam ran a trade deficit of US$2.13 billion, in which the domestic sector ran a deficit of US$16.41 billion, while foreign enterprises recorded a US$14.28 billion surplus.

Vietnam’s export revenues in August were estimated at US$18.2 billion, up 3% from the previous month, while imports rose 2.3% to US$17.8 billion.

Aggregate exports in the January-August period reached an estimated US$133.5 billion, up 17.9% from a year ago, while aggregate imports grew 22.3%, over the same period last year, to US$135.63 billion.

The US remained the largest market for Vietnamese goods in the first eight months of 2017, accounting for US$27.2 billion, followed by the EU and China with US$24.7 billion and US$18.3 respectively.

Respective exports to ASEAN and Japan stood at US$14.1 billion and US$10.9 billion.

In terms of imports, China remained the largest exporter to Vietnam with US$36.4, up 14.7%, followed by the Republic of Korea with US$30.2 billion.

ASEAN and Japan came third and fourth at US$18.1 billion and US$10.5 billion respectively.