Over US$ 500 million of trade surplus in two months

	The first month of the year, exports gained a record increase of 42% with a trade surplus of US$ 181 million
	A trade surplus of US $ 3.17 billion in the eleven months
	Vietnam exports surge 21% this year

Imported and exported goods in Hai Phong Port. Photo: T.B

The information released by the General Department of Customs on March 8 showed that until the end of February, the country's export and import activities still maintained a double-digit growth rate.

Of which, export turnover reached over US$ 34.509 billion, an increase of 26.1% compared to the same period in 2017. As of the end of February, 8 commodity groups with export turnover of over US$ 1 billion were phones, textiles, garments and computers, etc., in which in the agricultural sector, the first commodity group with a turnover of over a US$ billion was fishery, with a turnover of US$ 1.072 billion, up 18.4% over the same period in 2017.

Notably, the growth rate of the major export commodity groups was at a double-digit. The export turnover of commodities which had a slow growth in the past such as textiles and footwear, sharply increased in the first two months of 2018, of which textiles increased by 17.3%; footwear increased by 11.2%.

In term of import, until the end of February, total import turnover of the country reached US$ 34.005 billion, increasing by 20.5% compared to the same period in 2017.

Export turnover exceeded the estimate, Vietnam’s trade surplus was US$ 2.55 billion VCN- Until the end of October 2017, total Vietnam’ export turnover was US$ 174.55 billion, an increase ...

Hence, until the end of February, trade surplus of the country was over US$ 500 million. This result was still positive, because the trade surplus in 2017 was up to US$ 870 million.

Import turnover of 7 commodity groups worth “US$ billion” were computers, machinery, phones…

Notably, until the end of February, only 562 CBU cars were imported with a turnover of US$ 35.307 million. The volume and import turnover of this commodity sharply decreased 96.3% in volume and 88.5% in value.