Foreign trade up over 17% in seven months

In July, trade between Viet Nam and the rest of the world was estimated at US$69.72 billion, up 8.7 percent over the previous month, and up 21.8 percent over the same period last year.

In the January-July period, total import and export turnover of goods stood at US$439.88 billion, up 17.1 percent on-year, of which export value increased by 15.7 percent to US$226.98 billion and imports rose by 18.5 percent to US$212.9 billion.

In seven months, 30 items joined US$1 billion export club, making up 91.9 percent of the total export value.

During the reviewed period, the U.S. remained the largest importer of Vietnamese goods with US$66.1 billion while China maintained its position as the biggest supplier of goods to Viet Nam with US$79.2 billion.

The Southeast Asian nation enjoyed a trade surplus with the U.S. (US$57.5 billion), the EU (US$20.1 billion) and Japan (US$1.1 billion) while reporting a trade deficit with China (US$45.8 billion), South Korea (US$17.7 billion) and ASEAN (US$5.5 billion)./.