Vietnam’s trade revenue likely to hit $500 billion

During the January – November period, the country’s trade revenue exceeded $473.73 billion. Of the amount, exports reached $241.42 billion, an increase of 18.1 percent while import turnover was estimated at $232.3 billion, up 7.4% from a year ago.

The country enjoyed a trade surplus of $9.1 billion during the period.

A total of 30 commodities enjoyed export values of over $1 billion during the first 11 months of the year, accounting for 91.6 percent of the economy’s total export turnover.

Among the commodities, phones and components posted the largest export value with $48.7 billion, accounting for 20.2 percent of total exports, a rise of 5.4 percent.

US remained Vietnam’s largest export market with turnover of $55.6 billion, up 27.9 per cent, followed by the EU, China, ASEAN, Japan, and the Republic of Korea.

China retained its position as the country’s largest import market with turnover of $68.7 billion, up 15.2 percent.

Vietnam enjoyed a trade surplus of $100 million in November and $9.1 billion throughout the reviewed period.