Viet Nam’s foreign trade up over 27% in first half
VGP - Viet Nam’s total trade with the rest of the world hit US$549.69 billion in the first half of the year, a year-on-year increase of 27.1 percent, announced the National Statistics Office.
During the reviewed period, export turnover reached approximately US$266.52 billion, an increase of 21 per cent over the same period last year.
Of the total export figure, the domestic economic sector contributed US$53.51 billion, an increase of 4.6 per cent, accounting for 20.1 per cent. The foreign-invested sector (including crude oil) rose 26 per cent to US$213.01 billion, accounting for 79.9 per cent.
Ending June, the import turnover was estimated at US$283.17 billion, up 33.4 per cent year-on-year.
Of the figure, domestic and foreign-invested sectors spent US$78.46 billion and US$204.71 billion on imports, witnessing respective growths of 24.3 percent and 37.3 percent.
During January-June, trade deficit hit US$16.65 billion.
In the first half, the U.S. remained Viet Nam's largest export market, with US$86.5 billion, and China was the largest import market, with US$115.2 billion.
The nation enjoyed trade surpluses with the U.S. with US$75.3 billion, the EU US$21.9 billion, and Japan US$1.2 billion while the trade surpluses with China, South Korea and ASEAN were estimated at US$77.3 billion, US$26.4 billion and US$10.1 billion, respectively./.
