Vietnam witnessed trade surplus of US$3.96 billion in eight months

Processing tuna for export. Photo: T.H

The export turnover of goods in August 2022 is estimated at US$33.38 billion, increasing by 9.1% over the previous month and 22.1% over the same period last year. In the eight months of 2022, the export turnover of goods is estimated at US$250.8 billion, rising by 17.3% over the same period last year. Regarding the structure of export commodity groups in the first eight months of 2022, the group of products of the processing industry accounted for 89%.

Import turnover of goods in August 2022 was estimated at US$30.96 billion, an increase of 1.4% over the previous month and increasing by 12.4% over the same period last year. In the eight months of 2022, the import turnover of goods was estimated at US$246.84 billion, rising by 13.6% over the same period last year, of which the capital goods group accounted for 94%.

Regarding export and import markets of goods in eight months of 2022, the United States is still the largest export market of Vietnam with an estimated turnover of US$77.7 billion. China is Vietnam's largest import market with an estimated turnover of US$82.1 billion.

Assessing the balance of trade in goods, the General Statistics Office estimated a trade surplus of US2.42 billion in August. In the first eight months of 2022, the trade balance of goods is estimated to have a trade surplus of US$3.96 billion (the same period last year, the country suffered a trade deficit of US$3.52 billion).