Vietnam Records $263 Million Trade Surplus in November, Says Customs

Tuan Minh

11:04 16/12/2015

BizLIVE - Vietnam posted a trade surplus of $263.11 million in November, helping narrow the trade gap to $2.87 billion in the first 11 months this year, according to the General Department of Vietnam Customs.

Vietnam Records $263 Million Trade Surplus in November, Says Customs

Vietnam posted a trade surplus of $263.11 million in November, according to the General Department of Vietnam Customs.

Vietnam earned $13.89 billion from exports and spent $13.63 billion on imports in November, resulting in a trade surplus of $263.11 million, the General Department of Vietnam Customs (GDVC) said in a report released late on Tuesday.
In the 11 months through November, the country’s exports increased 7.9% year-on-year to $148.24 billion, while its imports grew 12.7% from a year earlier to $151.11 billion, according to GDVC.
The Southeast Asian country, as a result, ran a trade shortfall of $2.87 billion in the 11-month period.
The General Statistics Office last month estimated a trade gap of $200 million for November and a deficit of $3.8 billion for the January-November period.
In the 11-month period, phones and spare parts remain Vietnam’s biggest export staple when bringing $28.44 billion, up 29.5% year-on-year. The runners-up were textile and apparel, computers and electronics, and footwear.
Meanwhile, the country spent the most on importing machinery and equipment, computers and electronic products, phone and spare parts, cloth, steel and plastic materials.
Foreign-invested enterprises posted a trade surplus of $1.88 billion in November and $12.04 billion in the 11-month period, GDVC data showed.
 

TUAN MINH

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