Vietnam posts 764 million USD in trade surplus in 7 months (Photo: VNA)
Hanoi (VNA) – Vietnam enjoyed a trade surplus of 764 million USD in the firstseven months of 2022, the General Statistics Office (GSO) reported on July 29.
The country’s export-import turnover in Jan. – July reached anestimated 431.94 billion USD, up 14.8% year-on-year, the office said.
According to GSO, the country earned 216.35 billion USD fromexports, while spending 215.59 billion USD on buying goods from abroad, representingyear-on-year increases of 16.1% and 13.6%, respectively.
In the period, there were 30 export commodities recording over-1-billion USD turnover, accounting for 91.9% of the total export value.
The US remained the biggest importer of Vietnamese commodities in the last seven months, with an estimated value of 67.1 billion USD.
Meanwhile, Vietnam imported the most fromChina with an estimated value of 72.6 billion USD.
Notably, Vietnam posted a trade surplus of 18.7 billion USD withthe EU in January-July, 41.5 percent higher than that of the same period lastyear, but a trade deficit of over 42.2billion USD with China, 23.5 billion USD with the Republic of Korea and 7.9billion USD with ASEAN./.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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Vietnam posts 764 million USD in trade surplus in 7 months (Photo: VNA) 
