Vietnam posts trade surplus of US$2.82 billion over first two months

Vietnam is estimated to have recorded a trade surplus of US$2.82 billion during the initial two months of the year, according to the latest report released by the General Statistics Office (GSO) on February 28.

February alone witnessed the country’s export turnover surge by 9.8% to US$25.88 billion from the previous month, witnessing a trade surplus of US$2.3 billion. Of the figure, the domestic economic and foreign-invested sectors grossed US$6.08 billion and US$19.8 billion, up 11.7% and 9.3%, respectively.

In the first two months of the year, the country’s export turnover dropped by 10.4% to US$49.44 billion against the same period from last year. Eight items brought in an export turnover of over US$1 billion each, accounting for 69.9% of the total export turnover.

Meanwhile, February’s import turnover stood at an estimated US$23.58 billion, down 6.7% year on year. Of which, the domestic economic and FDI sectors witnessed declines of 7.2% and 6.4%, respectively.

Generally, the import turnover of goods during the two-month period endured a decline of 16% to US$46.62 billion against the same period from last year.

The United States remains the largest Vietnamese export market with an estimated turnover of US$13.1 billion, while China represents the largest importer of Vietnamese goods with an estimated turnover of US$14.6 billion.

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