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Trade surplus reaches over US$4 bln in January-March period

VGP - Viet Nam ran a trade surplus of US$4.07 billion in January-March period, the General Statistics Office reported Wednesday.

March 29, 2023 8:21 PM GMT+7

In the first three months, export turnover decreased by 11.9 percent on year to US$79.17 billion while import value fell by 14.7 percent to US$75.1 billion.

Of the export revenue, domestic economic sector contributed US$19.26 billion and the remaining from the foreign-invested sector, marking a respective annual decrease of 17.4% and 10%.

The domestic sector also spent US$26.03 billion in imports, down 13.3 percent while the foreign-invested sector poured US$49.07 billion or a 15.4 percent drop. Most of the imports were materials for production, equivalent to 93.5 percent.

The U.S. remains the biggest importer of Viet Nam's goods with a turnover of US$20.6 billion, followed by China with US$23.6 billion./.