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Monday, July 15, 2024

Vietnam earns $6.52 bn trade surplus from Jan-Sep 2022: GSO

Vietnam has recorded a surplus of $6.52 billion in trade during January-September, 2022, according to the General Statistics Office (GSO). A trade deficit of $3.44 billion was noted for the Southeast Asian country for the same period last year.

It was found that Vietnam’s import-export value reached $558.5 billion, which was a rise of 15.1 per cent year-on-year (YoY) during the reviewed period. Moreover, imports totalled $276 billion, an increase of 13 per cent YoY, and the export turnover touched $282 billion, a rise of 17.3 per cent YoY, according to various media reports.

During the first nine months of the current year, China turned out to be Vietnam’s biggest exporter ($91.6 billion) and the US was its top importer ($86.3 billion), the GSO said. Vietnam also witnessed a trade surplus of $24.3 billion with the European Union during the period.

In just the month of September, the nation’s total import-export value is calculated at $58.7 billion, a decrease of 11 per cent month-on-month (MoM), but an increase of 8.4 per cent YoY.

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