Home breadcru News breadcru Import/Exports breadcru Vietnam's trade surplus hits $16.25 bn by mid-Aug 2023

Vietnam's trade surplus hits $16.25 bn by mid-Aug 2023

27 Aug '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Vietnam recorded a trade surplus of $16.25 billion as of August 15, according to the general department of customs. Its total import and export turnover hit over $402 billion during the period, including $209.43 billion in exports—a decline of 10.1 per cent, or $23.5 billion, year on year (YoY).
  • It spent $14.2 billion on imports in that period—up by 5.3 period YoY.
Vietnam recorded a trade surplus of $16.25 billion as of August 15 this year, according to the general department of customs. Its total import and export turnover hit over $402 billion during the period, including $209.43 billion in exports—a decline of 10.1 per cent, or $23.5 billion, year on year (YoY).

It spent $14.2 billion on imports in that period--up by 5.3 period YoY.

In the first half of August, the country’s foreign trade was estimated to be worth $28.6 billion, of which export value decreased by 10.8 per cent YoY to $14.4 billion, a news agency reported.

Top exports include garments and textiles, worth $1.55 billion, and machinery and equipment, worth $1.53 billion.

ALCHEMPro News Desk (DS)

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