Illustrative image (Source: VNA)
The country posted a small trade surplus of 17 million USD in the first half of August after reporting a trade deficit the previous month, the General Department of Customs said.
The country’s export value in the period reached 6.193 billion USD, while the import value was $6.176 billion.
The positive results have lifted the trade surplus earned so far this year to 1.81 billion USD. The export value in the period between January and the first-half of August reached 90.079 billion USD, while the import value was 88.268 billion USD.
The small trade surplus was achieved thanks to the high export value of foreign firms which reported a trade surplus of 313 million USD in the first half of August, and of 5.93 billion USD in the period between January and the first-half of August.
The textile and garment sector beat mobile phones to become the top earning sector with 1.07 billion USD.
Textiles and garments also became the unique products to earn more than 1 billion USD in the period.
The export value of mobile phones was 811 million USD, followed by computers and electronic products and footwear with 460.8 million USD and 453.5 million USD respectively.
During the period, the country spent the maximum amount of 1.03 billion USD on importing machines and equipment.
The country also spent 699.6 million USD on importing computers and electronic products; 375.6 million USD on cloth, 355.7 million USD on steel products and 323.6 million USD on oil and petroleum products.-VNA
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