Vietnam enjoys 2.53 billion USD of trade surplus in four months
A trade surplus of about 1.07 billion USD was recorded in April, pushing the total in the first four months of this year to 2.53 billion USD, the General Statistics Office (GSO) reported on April 29.
Hanoi (VNA) – A trade surplus of about 1.07billion USD was recorded in April, pushing the total in the first fourmonths of this year to 2.53 billion USD, the General Statistics Office (GSO)reported on April 29.
In the January-April period, the domestic economic sectorsuffered a trade deficit of 9.2 billion USD, while the foreign-invested sectorenjoyed a surplus of 11.73 billion USD.
The export revenue in April reached 33.26 billion USD, down4.2 percent from the previous month but up 25 percent year on year. The figure hit122.36 billion USD in the first four months, a rise of 16.4 percent over thesame period last year.
So far this year, 22 goods groups have seen export revenueexceeding 1 billion USD, including five each with a revenue of over5 billion USD. Exports of fuel and mineral products accounted for 1.3 percentof the total export revenue, while contribution from processing sector is 89percent, and that of the agro-forestry and fisheries sectors, 6.8 percentand 2.9 percent.
According to the GSO, the country’s imports were 32.19 billionUSD in April and 119.83 billion USD in four months, mostly productionmaterials.
In the first four months of this year, the US remained thelargest export market of Vietnam with 35.7 billion USD, while China was thelargest goods supplier with 37.1 billion USD worth ofgoods.
In the period, trade surplus generated from the EU market was10.4 billion USD, up 36.1 percent year on year.
In order to promote export in the time to come, the Ministryof Industry and Trade reminded exporters to apply measures against risks whiletrading with foreign businesses.
Domestic exporters were also advised to optimise advantages from 15 free tradeagreements that Vietnam has signed to diversify markets./.
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Illustrative image (Source: VNA) 
