Vietnam posts highest trade surplus in 5 years

Source: Xinhua| 2020-12-28 15:01:16|Editor: huaxia

HANOI, Dec. 28 (Xinhua) -- Vietnam recorded export turnovers of approximately 281.5 billion U.S. dollars in 2020, up 6.5 percent year-on-year, and import turnovers of over 262.4 billion U.S. dollars, up 3.6 percent, with a trade surplus of 19.1 billion U.S. dollars, the highest in the past five years, the General Statistics Office said on Monday.

Specifically, Vietnam gained nearly 50.9 billion U.S. dollars from exporting phones and components, down 1 percent; roughly 44.7 billion U.S. dollars from electronic goods, computers and components, up 24.4 percent; around 29.5 billion U.S. dollars from garments and textiles, down 10.2 percent; and nearly 16.6 billion U.S. dollars from footwear, down 9.6 percent.

The United States remained Vietnam's biggest importer with turnovers of 76.4 billion U.S. dollars, tailed by China with 48.5 billion U.S. dollars and the European Union with 34.8 billion U.S. dollars, said the office.

In the same period, Vietnam spent nearly 64 billion U.S. dollars importing electronic goods, computers and components, up 24.6 percent; roughly 37.4 billion U.S. dollars on machines, equipment and spare parts, up 1.7 percent, and 16.6 billion U.S. dollars on phones and components, up 13.3 percent.

Meanwhile, China was Vietnam's largest exporter with turnovers of 83.9 billion U.S. dollars, followed by South Korea with 46.3 billion U.S. dollars and the Association of Southeast Asian Nations (ASEAN) with 30 billion U.S. dollars, according to the office. Enditem