Friday September 20 2019
Vietnam Balance of Trade at 1700.00 USD Million
Vietnam’s trade surplus declined to USD 1.7 billion in August 2019 from a USD 2.2 billion in the same month a year earlier, as exports rose less than imports. Exports increased 4.5 percent over a year earlier to USD 24.50 billion, boosted by sales of gemstones, precious metals (714.6 percent); footwear (14.3 percent); electronics, computers and components (12.9 percent); means of transports and spare parts (10.1 percent); and phone and component (7 percent). Meantime, imports rose at a faster 7.5 percent to USD 22.8 billion, mainly due to purchases of transportation and spare parts (620.4 percent); coal (102.3 percent); electronics, computers and components (22.2 percent); and machinery, equipment, tools and spare parts (15.5 percent). Considering January to August, the country's trade surplus narrowed to USD 3.4 billion from USD 4.8 billion in the same period of 2018.