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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Vietnam records 2.36 bln USD trade surplus in 10 months: customs

Thursday, November 20, 2014 > 09:32:19

(Shanghai Daily)

Vietnam recorded a trade surplus of over 2.36 billion U.S. dollars in the first 10 months of this year from the total import-export revenue of over 245.3 billion dollars, according to the General Department of Vietnam Customs on Tuesday.

As of the end of October, the country earned over 123.83 billion dollars from exports, up 14.1 percent year on year, while it spent 121.47 billion dollars for imports, up 11.5 percent.

Among the high-earning exports, telephones and devices earned the most with 19.48 billion dollars, over that of last year's corresponding period at 17.93 billion dollars. Garments and textile exports came next with an export value of 17.43 billion dollars, over last year's 14.77 billion dollars; and computers, electronic items and devices with 8.86 billion dollars, over last year's 8.69 billion dollars.

Besides, foot wear exports fetched 8.3 billion dollars, sea food with 6.55 billion dollars, crude oil with 6.32 billion dollars and machines and spare parts with 6.08 billion dollars, so far this year.

In the 10-month period, total trade value of the foreign direct investment (FDI) sector reached over 145.62 billion dollars, up 13. 1 percent year on year. Of the figure, the sector pocketed over 76. 85 billion dollars from exports, up 15.3 percent, while it disbursed 68.77 billion dollars for imports, up 10.8 percent, resulting in a trade surplus of 8.08 billion dollars for the sector.

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