Wednesday , February 8 2023

Trade surplus at $10.6B for 2022


The trade surplus was US$0.78 billion in November, which took the figure for the year to date to $10.6 billion, the General Statistics Office said Tuesday.

The surplus in the same period last year was $0.6 billion.

But exports fell in November by 8.4% to $29.18 billion, which took the full-year figure to $342.21 billion.

The U.S. has been Vietnam’s biggest export market ($101.5 billion).

Meanwhile, imports were worth $331.61 billion, a year-on-year increase of 10.1%.

They included shipments of $109.9 billion from China, the biggest exporter to Vietnam.

Last year exports had been worth $336.31 billion, up 19%, and imports, $332.23 billion, up 26.5%, for a trade surplus of $4.08 billion.

The surplus has been growing since 2016, according to the GSO.

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