Vietnam posted a trade surplus of $2 billion with the G20 countries between January and July. Photo: caribbean360.com
Vietnam recorded a trade surplus of $2.02 billion with the world’s 20 largest economies (G20) in the first seven months of this year, compared to a shortfall of $5.67 billion in the corresponding period of 2015, data of the General Department of Vietnam Customs
The country shipped $75.22 billion worth of goods to G20 economies between January and July, rising 9.4% year-on-year and accounting for 77.8% of its total export turnover. The increase was buoyed by rises in export values of phones and spare parts, computers and electronics, and seafood.
Vietnam, meanwhile, spent $73.2 billion on imports from the G20 countries in the seven-month period, down 1.7% year-on-year and accounting for 77.3% of its import value.
China remains Vietnam’s biggest trade partner among the G20, with the two-way trade rising 2.4% year-on-year to $38.18 billion. The runners-up are U.S. with $25.74 billion and the EU
with $24.87 billion.