Vietnam enjoys trade surplus of US$1.15 billion in January

Vietnam enjoyed a trade surplus of $1.15 billion in January, according to statistics released by the General Department of Vietnam Customs.

                     Vietnam posted export revenue of US$14.34 billion in January (Credit: VOV)

The country’s total import-export turnover reached over US$27.53 billion in January, down 18.2% (nearly US$6.13 billion) over December 2016.

However, compared to the same period last year, the total import-export value increased 4.8%, equivalent to over US$1.26 billion.

Vietnam posted an export revenue of US$14.34 billion in January, a decrease of 13.5% compared to the last month of 2016, but a year-on-year increase of 5.7%; meanwhile, the nation’s import revenue was reported at nearly US$13.19 billion, down 22.8% over December last year, but up 3.9% over the same period last year.

China, the Republic of Korea (ROK) and the United States (US) remain Vietnam’s biggest trading partners. China was Vietnam’s leading export market last month with an increase of 34.4% in value, followed by the ROK (up 29.4%) and the US (up 0.3%).

Vietnam’s trade balance recorded a high surplus in January thanks to contributions from the US (with surplus of US$2.34 billion), the Netherlands (US$481 million) and Japan (US$370 million).

Source NDO