Viet Nam runs over US$15 billion trade surplus in first 7 months

Total trade turnover was estimated at US$ 57.21 billion in July, representing a month-on-month increase of 2.5 percent and a year-on-year decline of 6.7 percent. 

In the first seven months, total trade volume was valued at US$ 374.23 billion, down 13.9 percent against the same period last year in which export revenue dropped by 10.6 percent and import turnover declined by 17.1 percent. 

The domestic economic sector raked in US$ 51.5 billion, representing a drop of 10.2 percent and accounting for 26.4 percent of total export turnover. Meanwhile, the FDI sector earned a turnover of US$143.23 billion, representing a fall of 10.8 percent and accounting for 73.6 percent of total export turnover. 

The reviewed period saw 30 items with export turnover reaching over US$1 billion each, duly accounting for 91.6 percent of the country's total export volume.

On the other hand, import turnover of goods was estimated at US$179.5 billion, down 17.1 percent on-year.

The national economy continued to rack up a trade surplus of US$ 15.25 billion, in which the domestic economic sector suffered a trade deficit of US$ 12.58 billion and the FDI sector ran a trade surplus of US$27.81 billion.  

The nation’s trade surplus with the U.S. was estimated at US$44.3 billion, down 24.1 percent on-year, while the country’s trade surplus to the EU and Japan was estimated at US$16.4 billion and US$ 0.9 billion, respectively.

The country’s trade deficit with China, the Republic of Korea, and ASEAN dropped by 35.2 percent, 35.1 percent, and 35.3 percent to US$ 27 billion, US$ 15.5 billion, and US$ 5 million, respectively./.