Vietnam reports a 7-month trade surplus of 764 million USD
The country's export-import turnover increased by 14.8% year-over-year between January and July, reaching an estimated 431.94 billion USD.
According to GSO, the country earned 216.35 billion USD from exports while spending 215.59 billion USD on imported goods, representing 16.1 percent and 13.6 percent year on year increases, respectively.
Vietnam reports a 7-month trade surplus of 764 million USD.
During the period, there were 30 export commodities with a turnover of over $1 billion, representing 91.9% of the total export value.
With an estimated value of 67.1 billion USD over the past seven months, the US remained the top importer of Vietnamese goods.
With an estimated value of 72.6 billion USD in imports from China, Vietnam was the largest importer.
Notably, Vietnam posted a trade surplus of 18.7 billion USD with the EU in January-July, which was 41.5 percent higher than the same period in the previous year, but a trade deficit of over 42.2 billion USD with China, 23.5 billion USD with the Republic of Korea, and 7.7 billion USD with ASEAN.
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