Trade surplus hits $8.4 billion in four months: GSO
Trade surplus hits $8.4 billion in four months: GSO
Việt Nam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching US$8.4 billion, higher than the $7.66 billion recorded in the same period last year, according to the General Statistics Office (GSO).
Import-export activities at Hải Phòng Port. — VNA/VNS Photo |
April exports were estimated at $30.94 billion, up 10.6 per cent over the same period last year, pushing the total results in the first four months of this year to $123.64 billion, a year-on-year rise of 15 per cent.
Of the total, the domestic sector contributed $33.62 billion, and the FDI sector $90.02 billion.
Exports of processed products were estimated at $108.27 billion, accounting for 87.5 per cent of the total.
The US is the largest export market of Việt Nam with a revenue of $34.1 billion, followed by China with $18 billion and the EU with $16.4 billion.
In April, Việt Nam imported $30.26 billion worth of products, a rise of 19.9 per cent year on year, pushing the total import value in the January-April period to $115.24 billion, up 15.4 per cent over the same period last year.
Imports of the domestic sector were $41.86 billion, while that of the foreign-invested sector was $73.38 billion.
Production materials were the major imports in the four-month period with a value of $108.33 billion, accounting for 94 per cent of the total imports.
China remained the biggest import market of Việt Nam with a value of $41.6 billion, and the Republic of Korea came second with $17.1 billion. Việt Nam also imported $15.6 billion worth of goods from ASEAN countries in the period, the GSO reported, adding that the April trade surplus hit $0.68 billion.
