Export surplus hits US$85 million in half month

(VOV) - Vietnam’s import-export value in the first half of this month reached US$10.23 billion, bringing the total value in the seven months and a half to US$134.11 billion, up 7.1%  from a year earlier.

Of the figure, exports hit nearly US$66.68 billion, up 15% while imports were US$67.43 billion, up 15.2%, according to the General Department of Vietnam Customs.

the trade surplus of US$85 million in the first half of this month helped narrow the total trade deficit to US$755 million in the reviewed period equal to 1.1% of the country’s total export value.

However, exports in the first half of this month, dropped by US$604 million compared to the second half of June. Sharp declines were seen in telephones and components (US$313 million), crude oil (US$96 million), steel (US$39 million), coal (US$38 million) and machinery, equipment and tools (US$34 million).

Garment exports grew byUS$137 million to US$881 million. Exports from foreign direct investment (FDI) businesses reached US$3.15 billion in the first half of July, down 11.2%, while imports were US$3.04 billion, up 1.5% compared to second half of June.

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