Trade surplus recorded in first 11 months

14:13 | 29/11/2014

VGP – Viet Nam enjoyed a trade surplus of US$2.06 billion in the first 11 months of 2014, according to the General Statistics Office.

The export turnover in November stood at US$13.2 billion, down 6.2% compared to the previous month and up 10.6% against the same period last year.

The total export value rose 13.7% to US$137 billion over the past 11 months, of which the State and foreign-invested sectors contributed respectively US$44.8 billion, up 13% and US$92.2 billion, up 14.1%.

Key commodities maintained robust export growth pace with garments earning US$19.2 billion, up 18.2%, followed by footwear with US$9.2 billion, up 23% and aquatic products with US$7.3 billion, up 20.2%.

The US remained Viet Nam’s largest importer with US$26.2 billion, up 21.3%, followed by the EU with US$24.8 billion, up 11.4%, ASEAN with US$17.3 billion, up 3% and China with US$13.5 billion, up 13.1%.

Meanwhile, the nation’s import turnover in November dipped 4.1% to US$13.5 billion.

The total import value in the first 11 months was estimated at US$135 billion, up 12.6% compared to the same period last year. Of the figure, the foreign-invested sector contributed US$76.7.

The import of machines, devices and spare parts jumped 21.1% to US$20.5 billion, followed by clothing with US$8.7 billion, up 14.6% and oil and gas with US$7.2 billion, up 13.9%.

Viet Nam’s major suppliers included China (US$39.9 billion), ASEAN (US$20.9 billion), and the Republic of Korea (US$19.8 billion)./.

By Thuy Dung