Vietnam’s trade turnover reaches record high of US$43 billion in January
The figure is US$2.9 billion higher year-on-year and nearly double the average number of US$23 billion per month recorded in the 2012 – 2018 period.
Vietnam’s trade turnover reached US$43 billion in January, the best January performance over the last few years, according to the General Department of Vietnam Customs (GDVC).
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Notably, the trade value of domestic enterprises grew at a faster pace compared to the FDI sector, standing at an increase of US$1.92 billion against the US$973 million of the latter in January.
It is worth mentioning that while Vietnam suffered a trade deficit of nearly US$1 billion in the first 15 days of January, a sharp increase in exports led to a trade surplus of US$816 million for the whole month.
In January, Vietnam posted export value of US$22.07 billion, up US$1.8 billion year-on-year, of which textile and garment, equipment and parts, and footwear contributed significantly to such positive performance, posting increases of US$810 million, US$415 million and US$351 million year-on-year, respectively. The three groups were among Vietnam’s top five export staples with export value of over US$1 billion in the first month of 2019.
Meanwhile, Vietnam imported goods worth US$21.26 billion in January, up US$1.09 billion year-on-year. Remarkable growth of import turnover was seen at equipment and parts with an increase of US$522 million year-on-year, crude oil US$390 million, cars of different types US$256 million, and coal US$205 million.
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