Trade surplus reaches over US$6 bln in January-April
VGP – Viet Nam’s trade with the rest of the world totaled US$210.79 billion in the first four months this year, a decline of 13.6 percent against the same period last year, reported the General Statistics Office (GSO).
Of the above figure includes export turnover fell by 11.8 percent to US$108.57 billion while import value dropped by 15.4 percent to US$102.22 billion, resulting in a trade surplus of over US$6 billion.
The decrease in trade volume was mainly attributed to shrinking demand for goods around the world due as many countries have tightened their monetary policies, GSO explained.
The processing and manufacturing sector took the lead in export structure with US$96 billion, accounting for 88.5 percent of the Southeast Asian nation's total export turnover.
Meanwhile, the country mainly imported production materials (US95.64 billion, accounting for 93.6 percent of the total import value).
In the reviewed period, the U.S. remains the biggest importer of Viet Nam's goods with US$28.4 billion followed by China (US$33.3 billion)./.
