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Vietnam trade surplus is close to 10 billion dollars

vietnam-trade-surplus-is-close-to-10-billion-dollars
Hanoi, May 29 (Prensa Latina) Vietnam reached a trade surplus of close to 10 billion dollars in the first five months of the year, according to a report from the General Statistics Office.

The value of exports during that period was estimated at 136.17 billion dollars, while goods were imported for 126.37 billion dollars, which led to a favorable balance of 9.8 billions.

According to the entity’s report, 23 products achieved revenues of more than one billion dollars from foreign sales and five of them billed more than five billion dollars.

Of the total revenue from exports, the processing industry ranked first, with 88.3 percent, followed by agroforestry goods (7.9), aquaculture products (2.5) and energy and minerals (1.3).

Between January and May of this year, Vietnam registered a trade surplus of 31.2 billion dollars with the United States, which represented a 22 percent year-on-year decrease, and 12.6 billion with the European Union.

On the contrary, the trade balance had a shortfall with China, South Korea and the Association of Southeast Asian Nations (ASEAN).

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