Vietnam’s January trade surplus shrinks to $1.4 bln from $2.09 bln

Trade surplus of FDI enterprises in the reviewed month was $2.61 billion. The total import and export value of the foreign investors reached $41.57 billion, down 9.2% from the previous month and up 6.1% compared to the same period last year.

Export revenue reached $22.09 billion, up 2.4% from a year ago while the import revenue rose 10.7% to $19.48 billion.

Overall, the total import and export revenue in the first month of 2022 reached $60.29 billion, up 9.6%. Export revenue reached $30.84 billion while imports were recorded at $29.45 billion. Exports increased by 8.1% and imports increased by 11.3%.

Vietnam's trade revenue with Asia reached $38.15 billion, up 7.2% compared to January 2021, accounting for the highest proportion with 63.3% of the total import-export value of the country.

The US remains Vietnam’s largest trade partner with $13.18 billion, up 15.6% from a year earlier. Europe ranks second with $7.05 billion, up 10.2%.