Vietnam’s trade revenue estimated to exceed 336.2 billion USD in 8 months
Vietnam's import-export turnover is estimated at 336.32 billion USD in the first eight months, an annual reduction of 0.3 percent, according to the General Statistics Office.
Rice production for export in Kien Giang province (Photo: VNA)
Hanoi (VNA) – Vietnam's import-export turnover isestimated at 336.32 billion USD in the first eight months, an annualreduction of 0.3 percent, according to the General Statistics Office.
The domestic sector remained a bright spot with its export and importvalues reaching 60.8 billion USD and 72.05 billion USD, both recording on-yearincreases of 15.3 and 2.9 percent, respectively.
The eight-month export turnover was about 174.11 billion USD. Therewere 27 products reeling in over 1 billion USD each. They included phone and components(31.5 billion USD); electronic devices, computers and components (27.6 billionUSD); and apparels (19.2 billion USD). However, most of agricultural products saw areduction in their export revenue.
The US was the biggest importer of Vietnam, purchasing goods worth 46.7 billion USD, an annual growth of 19 percent. The market was followedby China (27 billion USD), the EU (22.9 billion USD), the Republic of Korea (RoK) (12.6billion USD), and Japan (12.5 billion USD).
The country’s import in the period, meanwhile, was estimated at162.21 billion USD, down 2.2 annually. Vietnam spent 151.6 billion USD and10.55 billion USD on buying production materials and consumer goods overseas, down1.7 percent and 9.2 percent on year, respectively.
China was the biggest exporter of Vietnam, with itsturnover estimated at 49.3 billion USD, f𝓡ollowed by the RoK (28.7 billion USD)and ASEAN member countries (19.4 billion USD)꧒./.
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Rice production for export in Kien Giang province (Photo: VNA) 
