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Vietnamese exports on the rise

Vietnamese exports on the rise

Hanoi, May 3 (Prensa Latina) Vietnamese exports rose to 122.36 billion dollars in the first quarter of the year, a 26.3 percent year-on-year increase, the General Statistics Office reported.
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Imports, meanwhile, totaled 119.83 billion dollars (an increase of 15.7 percent), resulting in a surplus of 2.53 billion dollars.

Until February, Vietnam had a slight trade deficit, but this was due to large purchases abroad due to the Lunar New Year celebrations. The surplus had reached 2,030 million dollars at the end of March.

From January to April 30th, 22 product groups invoiced one billion dollars or more, almost 87 percent of the income from shipments abroad.

The highest income came from the processing and manufacturing industry, which accounted for 89 percent of the total. The contributions of the agroforestry and fishing industries (6.8) and fuels (2.9) were also notable.

The United States remained the largest recipient of Vietnamese products, making purchases for 35.7 billion dollars (almost 30 percent), while China was the main supplier, with 37.1 billion.

In 2021 was for Vietnam the sixth year in a row with a favorable trade balance (surplus of four billion dollars), making exports for a record value of 336,250 million dollars.

Imports, meanwhile, amounted to $332.25 billion, bringing Vietnam’s foreign trade to a record $668.5 billion.

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