Vietnam enjoyed a trade surplus of US$630 million in March, much higher than the estimated figure of US$100 million posted by the General Statistics Office, raising the total trade surplus in the first quarter of this year to US$1.36 billion, announced the General Department of Vietnam Customs.
In the first quarter of 2016, Vietnam posted an export revenue of nearly US$38.77 billion, up 6.6% compared to the same period last year while the import revenue was reported at US$37.41 billion, down 4% over the same period last year.
In March alone, the country saw a sharp increase in both import and export revenue with US$15.12 billion worth of export revenue, up 49.7% against the previous month and US$14.49 billion worth of import revenue, up 40.8% against the previous month.
In particular, the Foreign Direct Investment (FDI) sector posted an export revenue of US$27.28 billion in the first quarter, a 10.8% year-on-year increase, accounting for 70.4% of the total national export revenue.
FDI import revenue reached nearly US$22.49 billion in the first quarter, down 4.5% over the same period last year.
As a result, the FDI sector enjoyed a trade surplus of US$4.79 billion in the first quarter of 2016 which meant that the domestic sector posted a trade deficit of US$6.15 billion in the period.
Vietnam's top ten export products include phones and phone components; garments and textiles; computers, electronic products and components; footwear; machinery and equipment; wood and wood products; seafood; transport vehicles and spare parts; coffee; bags and suitcases.
Nhan Dan
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