Exports recovered, Vietnam’s trade surplus hits US$10 billion

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According to the General Department of Vietnam Customs, in the first half of August (1-15/8), total export turnover of the country reached nearly US$12.7 billion; while import turnover hitUS$10.8 billion.

From the beginning of the year to August 15, the total export turnover of the country reached more than US$160.2 billion, up about 1.8%, equivalent to nearly US$3 billion compared to the same period in 2019.

Meanwhile, imports reached US$150.2 billion, down about US$4 billion compared to the same period ayear ago.

Thus, as of mid-August, Vietnam had a trade surplus of US$10 billion.

Vietnam's export activities have shown signs of prosperity recently.

After reaching US$24.87 billion turnover in July and being the second highest export value month ever (just behind the export value of August 2019), export turnover in the first half of August maintained quite optimistic results.

In the first period of August, a number of notable export products such as phones and accessories reached US$2.58 billion; computers, electronic products and components reached US$1.9 billion; textiles and garments reached US$1.36 billion; machinery, equipment, tools and spare parts reached US$1.11 billion; and shoes of all kinds reached US$652 million.

On the import side, in the first half of August, thecountry imported mainly computers, electronic products and components with US$2.9 billion; machinery, equipment, tools and spare parts reached US$1.58 billion; phones and accessories reached US$759 million; and fabrics of all kinds reached US$447 million.