The economy had recorded a trade surplus for 13 months in a row. Total import-export turnover was anticipated to be $435.2 billion from January through August, a 13% decline year on year.

In August, trade between Vietnam and the rest of the globe was expected to be US$60.92 billion, up 6.7 percent from the previous month but down 7.9 percent from the same time last year.

Export turnover is anticipated to be $227.7 billion from January to August, a 10% decline year on year. During the time, 30 goods had an export turnover of over $1 billion, accounting for 92% of the total export turnover. Five export goods, in particular, exceeded $10 billion, accounting for 58% of total exports.

The processing sector accounts for 88.4% (an estimated $201.3 billion), while fuel and mineral products account for just 1.2% ($5.7 billion).

The United States is Vietnam’s largest export market, with an estimated turnover of $62.3 billion, whereas China is Vietnam’s top import market, with an estimated turnover of $68.1 billion.

Nhip Cau Dau Tu Magazine