Trade surplus fetches nearly US$ 3 bln in Jan-Nov period

VGP – Viet Nam gained a trade surplus of nearly US$ 438 million in November, bringing the total amount to US$ 2.88 billion in the first 11 months, according to the General Department of Viet Nam Customs.

December 16, 2014 2:03 PM GMT+7

Illustration photo

In the eleventh month, export turnover valued almost US$ 13.23 billion, representing a month-on-month decline of 6%. However, it reached US$ 136.942 billion in the January-November period, up 13.7% against the same period last year.

Meanwhile, import revenue was US$ 12.792 billion in November (down 6%) and US$ 134.058 billion in the past eleven months (up 11.8%).

In the January-November period, the largest hard currency earners included garments and textiles (US$ 18.96 billion); telephones and spare parts (US$ 21.98 billion); aquatic products (US$ 7.2 billion) and crude oil (US$ 6.7 billion).

Viet Nam chiefly imported machines, equipment, and spare parts valuing US$ 20.16 billion; computers and spare parts US$ 10.35 billion and fiber (US$ 8.6 billion).

Generally, the FDI sector earned US$ 85.712 billion in export turnover (up 15.6% against the same period last year) occupying 62.6% of the country’s total figure. The sector’s import turnover was estimated at US$ 76.216 billion, up 11.8% against 2013 and made up 56.85% of the total figure. The sector continued to run a trade surplus of US$ 9.5 billion in the 11-month period.

The domestic sector enjoyed a trade surplus of US$ 6.6 billion in the reviewed period./.

By Kim Loan