Vietnamese trade turnover surges 3.6% over 11 months
04/12/2020 5
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Vietnam’s total import-export turnover reached approximately US$490 billion during the past 11 months of the year, representing an annual increase of 3.6%, according to statistics released on December 3 by the General Department of Vietnam Customs.
Most notably, November alone witnessed the country’s total trade value decrease by 3.8% to US$49.62 billion from the previous month. Of the figure, exports fell by 7.8% to US$25.14 billion, while imports rose slightly by 0.7% to US$24.48 billion.
Overall, Vietnam grossed US$254.85 billion in export value over 11 months, representing a rise of 5.4%, while total import value increased by 1.6% to US$234.7 billion. The country therefore recorded a trade surplus of US$20.15 billion, double the figure recorded during the same period last year.
Despite enduring a slight decrease in November, Vietnam’s two-way trade has maintained positive growth throughout the initial 11 months of the year.
Source: Customs News
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