Nearly US$100 million trade surplus in first half of March

Import and export structure in the first half of March 2022. Sketched by T.Bình.

According to the General Department of Vietnam Customs, in the first half of March (from March 1 to March 15) commodity export turnover reached US$15.32 billion, increasing sharply by nearly 76% over the same period last month; while import turnover reached nearly US$15.23 billion, up 20.3% respectively.

In the first half of March, the trade balance recorded a trade surplus of nearly US$100 million.

Furthermore, in the first 15 days of this month, import-export turnover grew strongly compared to the first half of February 2022 because the first half of February had a long Lunar New Year holiday that affected import and export activities.

Key export groups such as telephones; computers; devices; textile and garments showed signs of recovery with high growth in turnover compared to the same period in February 2022.

From the beginning of the year to the end of March 15, the total export turnover of goods reached nearly US$69.78 billion. In particular, the FDI sector reached US$50.86 billion and accounted for 72.9% of total export turnover.

Meanwhile, imports reached nearly US$70.27 billion, the FDI sector reached US$46.59 billion and accounted for 66.3% of total import turnover.

From the beginning of the year to March 15, Vietnam’s trade balance witnessed a trade deficit of nearly US$500 million.