Wednesday , October 16 2019
Breaking News
Home / International Customs / Vietnam / Vietnam’s trade surplus reaches US$536 million in first quarter
Vietnam’s trade surplus reaches US$536 million in first quarter
FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)

Vietnam’s trade surplus reaches US$536 million in first quarter

In the January-March period, Vietnam’s exports were estimated at US$58.51 billion, up 4.7% against the same period of last year, while imports rose 8.9% to US$57,98 billion.

Domestic enterprises exported goods worth US$17.05 billion, while the revenues gained by foreign-invested companies reached US$41.46 billion, making up more than two thirds of the country’s total exports.

The first three months of 2019 saw nine exports with respective value exceeding US$1 billion, namely mobile phones, garments, computers and electronic devices, footwear, machinery, timber, transport vehicles, seafood and steel.

The revenues of these nine exports accounted for more than 70% of Vietnam’s total exports during the period.

Vietnam’s largest imports in the first quarter were computers, machinery, fabrics, mobile phones and steel.

Some of the other main imports included plastics, metals, materials for the garment and footwear industries, chemicals and petroleum products.