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Economy

Vietnam reports $2.53 bln trade surplus in four months

Khanh Minh Friday | 05/06/2022 14:13

Photo: vneconomy.vn

Vietnam recorded $1.07 billion trade surplus in April, pushing the four month trade surplus to $2.53 billion, according to data from the General Statistics Office.

In the reviewed period, the domestic sector suffered a trade deficit of $9.2 billion, while the foreign-invested firms enjoyed a surplus of $11.73 billion.

Export revenue in April reached $33.26 billion, down 4.2 percent from the previous month but up 25 percent year on year. The figure hit $122.36 billion in the first four months, a rise of 16.4 percent over the same period last year.

So far this year, 22 goods groups have seen export revenue exceeding $1 billion, including five each with a revenue of over $5 billion.

Exports of fuel and mineral products accounted for 1.3 percent of the total export revenue, while contribution from processing sector is 89 percent, and that of the agro-forestry and fisheries sectors, 6.8 percent and 2.9 percent.

According to the GSO data, the country’s imports were $32.19 billion in April and $119.83 billion in four months, mostly production materials.

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