Illustrative photo (Source: VNA)Hanoi (VNA) – Vietnam recorded a tradesurplus of 4 billion USD in the first half of 2020, according to the GeneralStatistics Office (GSO).
In January-June, the country’s totalexport-import turnover reached 238.4 billion USD, a year-on-year decline of 2.1percent. Of which, exports were estimated at 121.2 billion USD, down 1.1percent.
Statistics indicated that 34.1 percent of theexport revenue was contributed by the domestic economic sector, while theremainder by the foreign investment sector.
In the six-month period, 22 commodities postedexport turnover of over 1 billion USD, accounting for 86.2 percent of thetotal.
Especially, four items recorded export value of over 10 billion USD, namelymobile phones and spare parts (21.5 billion USD); electronics, computers andcomponents (19.3 billion USD); garment-textile (12.8 billion USD); andmachinery, equipment, and spare parts (10.3 billion USD).
Some farm produce posted a year-on-year declinein shipments such as fruits and vegetables (11.4 percent), rubber (27.8percent), and pepper (19.1 percent).
However, the export of rice, coffee and cashewnuts increased in both volume and value. The turnover of rice rose 19.3 percentto 1.7 billion USD; coffee 2.5 percent to 1.6 billion USD; and cashew nuts 0.7percent to 1.5 billion USD.
The US was the biggest export market of Vietnamin the period with 30.3 billion USD, up 10.3 percent year on year. China camesecond with 19.5 billion USD, up 17.4 percent, followed by the EU with 16.1billion USD (down 8.8 percent), ASEAN 11.1 billion USD (down 14.2 percent),Japan 9.4 billion USD (down 2.3 percent), and the Republic of Korea 9.3 billionUSD (up 2.3 percent)./.
VNA
