Business

Export import turnover exceeds $440 billion

SGGP
Vietnam’s export import turnover is estimated to reach US$440.45 billion in the first 11 months this year, increasing 13.4 percent compared to the same period last year, reported General Department of Vietnam Customs.

Workers at Saigon Garment 3 Company (Photo: SGGP)

Workers at Saigon Garment 3 Company (Photo: SGGP)

Of the total turnover, export value reached $223.63 billion increasing 14.4 percent while import hit $216.82 billion moving up 12.4 percent.
Export of nine out of ten groups of major products remained quite good growth rate. Specifically, machines-equipment-tool-component got $15.12 billion, increasing 28.6 percent over the same period in 2017.
That was followed by garment and textile with $27.7 billion, increasing 17.4 percent, wood and wooden products with $8.07 billion up 16.3 percent.
Crude oil export turnover was as low as $2.08 billion, down 42.5 percent in volume and 20.4 percent in value over the same period in the previous year.
The country’s trade surplus topped $6.8 billion in the first 11 months of 2018.


By THUY HAI – Translated by Hai Mien

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