Vietnam’s exports recover as trade surplus hits US$10 billion

Friday, 2020-08-21 15:51:43
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Vietnam has recorded a trade surplus of US$10 billion.
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NDO - Vietnam’s 2020 export revenue as of August 15 rose 1.8% , reaching US$160.2 billion while imports were estimated at US$150.2 billion, latest customs data has shown.

That means the country registered a trade surplus of US$10 billion.

In the first half of August, Vietnam exported US$12.7 billion worth of goods and imported US$10.8 billion, according to the General Department of Customs.

It is worth noting that Vietnam’s export activity has seen signs of a rebound recently.

With US$24.87 billion worth of exports, July was the second best-performing month, behind August of 2019, and Vietnam’s exports continues to maintain momentum this month.

Top export earners in the first half of August include mobile phones (US$2.58 billion), computers and electronics (US$1.9 billion), textiles (US$1.36 billion), machinery (US$1.11 billion) and footwear (US$652 million).

Conversely, Vietnam’s main imports were computers and electronics, machinery, mobile phones and fabrics.