Binh Duong records US$1.1 billion trade surplus in two quarters
The southern province of Binh Duong ran a trade surplus of nearly US$1.1 billion in the first six months of this year, according to the provincial statistics department.
Of the total revenue, the province raked in US$8.5 billion from exports, up 16.6% from the same period last year; US$7.2 billion was contributed by the foreign investment sector and US$1.5 billion from the domestic economy.
Major exports included wooden furniture with a total revenue of US$1.7 billion, shooting up 15.7% and accounting for 12.6% of the provincial exports.
Meanwhile, free trade deals signed with the Republic of Korea and the Eurasian Economic Union (EAEU) helped increase the value of garment exports to US$904 million, rising 11.2% against 2014’s first two quarters.
Increase in export revenue was also seen in footwear (US$741 million, up 16.4%) and ceramic products (nearly US$51 million, up 6.6%).
Through June, the province spent US$7.4 billion on imports, up 16.9% from the same period in 2014. Of the amount, nearly US$6 billion was spent on imports of foreign investment sector; the import value in the domestic economic sector was nearly US$1.5 billion.
Major exports included wooden furniture with a total revenue of US$1.7 billion, shooting up 15.7% and accounting for 12.6% of the provincial exports.
Meanwhile, free trade deals signed with the Republic of Korea and the Eurasian Economic Union (EAEU) helped increase the value of garment exports to US$904 million, rising 11.2% against 2014’s first two quarters.
Increase in export revenue was also seen in footwear (US$741 million, up 16.4%) and ceramic products (nearly US$51 million, up 6.6%).
Through June, the province spent US$7.4 billion on imports, up 16.9% from the same period in 2014. Of the amount, nearly US$6 billion was spent on imports of foreign investment sector; the import value in the domestic economic sector was nearly US$1.5 billion.