Vietnam records highest 4-month trade growth in 10 years

Xinhua, May 6, 2021

Vietnam recorded an estimated 206.51 billion U.S. dollars of two-way trade value in the first four months of this year, with a trade surplus of 1.29 billion dollars, the country's General Statistics Office said Thursday.

The total value surged 29.5 percent year on year, the highest four-month growth rate for the country over the past 10 years, according to the office.

Specifically, the country posted export revenues of 103.9 billion dollars and import revenues of 102.61 billion dollars, up 28.3 percent and 30.8 percent respectively against the same period last year.

A total of 19 exporting items reported revenues of over 1 billion dollars, accounting for 84.5 percent of the total export value. Phones and components contributed the most with a revenue of 18.4 billion dollars.

The United States remained Vietnam's biggest importer with turnovers of 30.3 billion dollars, followed by China with 16.8 billion dollars and the European Union with 12.6 billion dollars, said the office.

Meanwhile, 19 importing items posted revenues of over 1 billion dollars, accounting for 77.4 percent of the total import value. Electronic goods, computers and their components led the group of largest importing items with 22 billion dollars in revenue, up 24.8 percent year on year, according to the office.

China was Vietnam's largest exporter with turnovers of 33.1 billion dollars, followed by South Korea with 16.9 billion dollars and the Association of Southeast Asian Nations with 14.1 billion dollars, according to the office.