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Viet Nam posts small trade surplus

Update: August, 22/2014 - 09:43

The country's export value in the period reached $6.193 billion, while the import value was $6.176 billion.— Photo cpv.org.vn

HA NOI (VNS) — The country posted a small trade surplus of US$17 million in the first half of August after reporting a trade deficit the previous month, the General Department of Customs said.

The country's export value in the period reached $6.193 billion, while the import value was $6.176 billion.

The positive results have lifted the trade surplus earned so far this year to $1.81 billion. The export value in the period between January and the first-half of August reached $90.079 billion, while the import value was $88.268 billion.

The small trade surplus was achieved thanks to the high export value of foreign firms which reported a trade surplus of $313 million in the first half of August, and of $5.93 billion in the period between January and the first-half of August.

The textile and garment sector beat mobile phones to become the top earning sector with $1.07 billion.

Textiles and garments also became the unique products to earn more than $1 billion in the period.

The export value of mobile phones was $811 million, followed by computers and electronic products and footwear with $460.8 million and $453.5 million respectively.

During the period, the country spent the maximum amount of $1.03 billion on importing machines and equipment.

The country also spent $699.6 million on importing computers and electronic products; $375.6 million on cloth, $355.7 million on steel products and $323.6 million on oil and petroleum products. — VNS

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