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ECONOMYTRADE - SERVICE

Vietnam’s trade surplus hits US$1.4 billion in Q1

Updated at Thursday, 11 Apr 2019, 15:39
The Hanoitimes - In March, Vietnam’s exports reached US$23 billion, an increase of nearly US$8.9 billion against the previous month and US$700 million compared to January.
Vietnam recorded trade surplus of US$1.6 billion in March, leading to a trade surplus of over US$1.4 billion in the first quarter of 2019, down 47.5% year-on-year, according to the General Department of Vietnam Customs (GDVC). 
 
Illustrative photo.
Illustrative photo.
The trade surplus figure released by GDVC is nearly triple the US$536-million trade surplus in the January – March period estimated by the General Statistics Office in late March. 

In March, Vietnam’s exports reached US$23 billion, an increase of nearly US$8.9 billion against the previous month or up 63.8% month-on-month, and US$700 million compared to January.

This resulted in export value of US$58.86 billion in the first quarter, up 5.3% year-on-year. 

According to GDVC, Vietnam has 10 categories of goods that recorded over US$1 billion of export revenue each, of which phones and accessories remained the top staple with a value of US$12.13 billion. 

Meanwhile, Vietnam imported goods worth US$21.15 billion in March, up 44.2% month-on-month, resulting in a total of US$57.44 billion in the first quarter, up 8% year-on-year. 

Among 12 categories of goods with over US$1 billion in import value in the first quarter, computers, electronic devices and parts posted the highest volume of US$11.8 billion, up 13.1% year-on-year. 
Hai Yen
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