KHANH HOA (VNS)— The central province of Khanh Hoa has breached the US$1 billion dollar mark for the very first time with its export turnover this year, leading to a healthy looking balance sheet.
Having recorded US$1.1 billion worth of export turnover in the first 11 months of the year, the province's import turnover hit $577 million during the same period, leading to a trade surplus of $466 million.
The huge trade surplus ranks the province as one of the highest in the country.
The export turnover comfortably exceeds the year's target of $950 million and represents a 22 per cent increase over the same period last year.
The main export commodities are coffee, sea products, vessels, garments and textiles, while import commodities include machinery, equipment, animal feed, tobacco materials and chemicals.
About 37,000 tonnes of coffee, an increase of 56 per cent, 57 tonnes of sea food, a growth of 13 per cent, garments and textiles, an increase of seven per cent, 15 vessels, among others, have been exported.
Local enterprises said they would produce and export as much as possible before Tet (The Lunar New Year) which takes place next February. — VNS