Vietnam earned roughly US$159.5 billion from exports in the first eleven months of 2016, reporting a year-on-year increase of 7.5%, according to the General Statistics Office (GSO).
The country’s import turnover was estimated at US$156.6 billion during the period, up 3.5% against the previous year, resulting an eleven-month trade surplus of US$2.9 billion.
The domestic economic sector reported a trade deficit of US$18.4 billion, exporting US$45.4 billion worth of goods, up 4.8% year on year, and importing US$63.8 billion worth of commodities, up 3.4% year on year.
The foreign direct investment (FDI) sector, on the contrary, enjoyed a trade surplus of US$21.3 billion from January to November, with export revenues of US$114.1 billion (including crude oil), up 8.7% year on year, and import revenues of US$92.8 billion, up 3.6% against 2015.
The United States remained Vietnam’s leading export market in the first 11 months of the year with a value of US$34.7 billion, up 14% compared to the same period of 2015. The European Union came in second with US$30.5 billion (up 8.3%), followed by China with US$19.6 billion (up 26.7%), Japan with US$13.2 billion (up 2.9%) and the Republic of Korea (ROK) with US$10.4 billion (up 27.6%).
Exports to the ASEAN market, however, saw a year-on-year decline of 6.6%, reaching only US$15.7 billion.
Vietnam imported the most from China during the period with US$44.6 billion in import revenues, down 1% against the previous year. The ROK, ASEAN nations, Japan, the EU and the US followed with US$28.9 billion (up 13.2%), US$21.2 billion (down 1.9%), US$13.6 billion (up 3.5%), US$10.1 billion (up 7%) and US$7.8 billion (up 8.7%), respectively.
Source: en.nhandan.com.vn
Key words: Vietnam, enjoys, trade surplus, US$2.9 billion, in 11 months
