Vietnam's export turnovers increases 7.5 pct in 7 months

2019-07-29 11:36

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HANOI, July 29 (Xinhua) -- Vietnam reaped export turnovers of over 145.1 billion U.S. dollars in the first seven months of this year, posting a year-on-year rise of 7.5 percent, while gaining import turnovers of more than 143.3 billion U.S. dollars, up 8.3 percent, its General Statistics Office announced on Monday.

Specifically, Vietnam earned 27.3 billion U.S. dollars from exporting phones and their components, up 3.1 percent; 18.6 billion U.S. dollars from electronic appliances and components, up 14.9 percent; 18.3 billion U.S. dollars from garments and textiles, up 10.5 percent; and 10.4 billion U.S. dollars from footwear, up 13.8 percent.

Between January and July, the United States remained Vietnam's biggest importer with turnovers of 32.5 billion U.S. dollars, up 25.4 percent, followed by the European Union with 24.3 billion U.S. dollars, up 0.4 percent, and China with 20 billion U.S. dollars, up 0.1 percent, said the office.

In the same period, Vietnam spent 28.2 billion U.S. dollars on importing electronic appliances and components, up 19 percent; 20.8 billion U.S. dollars on machines, equipment and spare parts, up 12.7 percent; 7.8 billion U.S. dollars on cloth, up 4.6 percent; and 5.2 billion U.S. dollars on plastic, up 1.5 percent.

Meanwhile, China was Vietnam's biggest exporter with turnovers of 42 billion U.S. dollars, up 16.9 percent, tailed by South Korea with 26.6 billion U.S. dollars, down 0.8 percent, and the ASEAN (the Association of Southeast Asian Nations) with 18.8 billion U.S. dollars, up 5.2 percent, according to the office.

Vietnam made export turnovers of over 243.5 billion U.S. dollars in 2018, up 13.2 percent against 2017, and import turnovers of 236.7 billion U.S. dollars, up 11.1 percent, seeing a trade surplus of 6.8 billion U.S. dollars.
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