12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam posts trade surplus of US$1.46 billion in Q1
Ngoc Mai 07:54, 2022/04/16
Foreign-invested companies continue to be the main driving force for Vietnam’s exports by making up 73.4% of the total foreign trade revenue, or $65.36 billion.

Vietnam continued to show positive trade performance during the first three months of 2022 with a trade surplus of US$1.46 billion, according to data from the General Department of Vietnam Customs (GDVC).

 Cargo handling at Haiphong port. Photo: Cong Hung

The latest figures showed Vietnam’s trade turnover during the second half of March rose by 20% against the previous 15 days to $36.66 billion.

This resulted in a total trade turnover in the three months of $176.75 billion, up 14.3% or $22.1 billion year-on-year.

Upon breaking down, the foreign-invested sector contributed $123.05 billion, representing an increase of 12.8% year-on-year, while the domestic sector made up  $53.7 billion, up 18%.

Several Vietnam’s export staples have recorded a sharp increase in turnover during the last half of March, including phones and parts which rose by $972 million, up 34.8%; computers and electronics by $787 million, up 34.8%; machinery and equipment by $397 million, up 24.6%; textile and garment by $259 million, up 18.5%.

For the January-March period, Vietnam’s exports rose by 13.4%, equivalent to $10.55 billion, to $89.1 billion.

Foreign-invested companies continue to be the main driving force for Vietnam’s exports by making up 73.4% of the total revenue, or $65.36 billion.

In return, Vietnam imported goods and products worth $87.64 billion, up 15.2% year on year.

The US remained Vietnam’s largest export market in the first quarter with a turnover of $25.96 billion, up 16.6%, followed by China ($13.44 billion), EU ($11.42 billion), and ASEAN ($8 billion).

Meanwhile, China stood firm as the largest import market with $27.43 billion. South Korea and ASEAN claimed the second and third places with a respective $16.77 billion and $11.83 billion.

TAG: vietnam trade turnover Vietnam exports vietnam revenue
Other news
20:20, 2023/20/17
Hanoi promotes public awareness of consumer rights
It is critical that consumers take an active role in researching, analyzing, and improving their knowledge of products and businesses to avoid falling victim to deceptive goods and fraudulent businesses.
14:45, 2023/45/15
Vietnam’s exports – in search for the magic growth catalyst
Vietnam's exports peaked in 2020, accounting for 82% of the country's total GDP.
22:02, 2023/02/03
Taiwanese firm eyes Hanoi as a key investment destination
INVENTEC’s investment project in Hanoi is anticipated to be fully operational in the second quarter of 2024, creating around 20,000 to 25,000 permanent jobs.
14:40, 2023/40/23
Vietnam wants to restore international travel with China: PM Chinh
Chinese arrivals to Vietnam reached 5.8 million in 2019, accounting for one-third of the total.
20:35, 2023/35/20
Central Retail may inject US$1.45 billion to expand Vietnamese operations
The Thai retail giant plans to expand the local network to 600 stores from 340 by the end of 2027.
16:23, 2023/23/16
Vietnamese organic farm producers seek opportunities at Biofach 2023
Producers from Hanoi and other localities have promoted their organic agricultural products at Biofach 2023, which runs until February 17 in Germany's Nuremberg.