A production line of tra fish (pangasius) for export in Dong Thap province (Photo: VNA)Hanoi (VNA) – The US was thelargest importer of Vietnam in the first seven months of 2019 with a turnoverof 32.5 billion USD, a year-on-year surge of 25.4 percent, according to theMinistry of Industry and Trade.
The European Union came second with 24.3billion USD, up 0.4 percent against the same period last year. China followed with20 billion USD, rising 0.1 percent year-on-year.
Vietnam earned 145.13 billion USD from shippinggoods abroad in the period, a year on year increase of 7.5 percent.
The growth in export value was mainlycontributed to by 24 ‘billion dollar’ goods items, which accounted for 88.1percent of total export revenue.
Telephones and spare parts were the largestearners with 27.3 billion USD, or 18.8 percent, followed by electronics,computers and spare parts, and garment and textiles.
Meanwhile, shipments of vegetables andfruits, coffee and cashew experienced a fall compared to the same time last year.
Also in the period, Vietnam splashed out143.34 billion USD on imports, up 8.3 percent year on year. Of the sum, some60.83 billion USD was spent by the domestic economic sector, up 12.6 percent,and 82.51 billion USD by the foreign-invested sector, growing 5.3 percent.
There were 28 goods items seeing importvalue of more than a billion USD, making up 85.8 percent of total purchase fromforeign countries, including electronics, computers and spare parts, andmachines and equipment.
Most of the goods were bought from China,the Republic of Korea and ASEAN countries.
As a result, the country recorded a tradesurplus of 1.8 billion USD in the first seven months of the year.
In July alone, the country booked an exportvalue of 22.6 billion USD, up 5.5 percent month-on-month, while imported goodsworth 22.4 billion USD, a rise of 14.9 percent against the previous month.-VNA
The European Union came second with 24.3billion USD, up 0.4 percent against the same period last year. China followed with20 billion USD, rising 0.1 percent year-on-year.
Vietnam earned 145.13 billion USD from shippinggoods abroad in the period, a year on year increase of 7.5 percent.
The growth in export value was mainlycontributed to by 24 ‘billion dollar’ goods items, which accounted for 88.1percent of total export revenue.
Telephones and spare parts were the largestearners with 27.3 billion USD, or 18.8 percent, followed by electronics,computers and spare parts, and garment and textiles.
Meanwhile, shipments of vegetables andfruits, coffee and cashew experienced a fall compared to the same time last year.
Also in the period, Vietnam splashed out143.34 billion USD on imports, up 8.3 percent year on year. Of the sum, some60.83 billion USD was spent by the domestic economic sector, up 12.6 percent,and 82.51 billion USD by the foreign-invested sector, growing 5.3 percent.
There were 28 goods items seeing importvalue of more than a billion USD, making up 85.8 percent of total purchase fromforeign countries, including electronics, computers and spare parts, andmachines and equipment.
Most of the goods were bought from China,the Republic of Korea and ASEAN countries.
As a result, the country recorded a tradesurplus of 1.8 billion USD in the first seven months of the year.
In July alone, the country booked an exportvalue of 22.6 billion USD, up 5.5 percent month-on-month, while imported goodsworth 22.4 billion USD, a rise of 14.9 percent against the previous month.-VNA
VNA
