Vietnam's trade surplus in Jan-Apr 2022 $2.53 bn

02 May '22

2 min read

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Vietnam witnessed a trade surplus of about $1.07 billion in April, pushing the total in the first four months of this year to $2.53 billion, according to the general statistics office (GSO), which recently said that in the January-April period, the domestic economic sector suffered a trade deficit of $9.2 billion, while the sector having foreign investments enjoyed a surplus of $11.73 billion.

The export revenue in April reached $33.26 billion, down by 4.2 per cent from the previous month, but up by 25 per cent year on year. The figure hit $122.36 billion in the first four months, a rise of 16.4 per cent over the same period last year, according to a news agency.

Twenty-two goods groups have seen export revenue exceeding $1 billion so far this year, including five each with revenue of over $5 billion. Exports of fuel and mineral products accounted for 1.3 per cent of the total export revenue, while contribution from processing sector is 89 per cent, and that of the agro-forestry and fisheries sectors, 6.8 per cent and 2.9 per cent respectively.

According to the GSO, the country’s imports were worth $32.19 billion in April and $119.83 billion in the four months to April, mostly in production materials.

In the first four months of this year, the United States remained the largest export market of Vietnam with $35.7 billion, while China was the largest goods supplier with $37.1 billion worth of goods.

In the period, trade surplus generated from the European Union market was $10.4 billion, up by 36.1 per cent year on year.

Fibre2Fashion News Desk (DS)

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