Import-export turnover reaches highest figure in six months

ABO/NDO – The total import-export turnover in the first six months of 2019 was estimated at US$245.48 billion, the highest ever level among the six-month figures, announced the General Statistics Office of Vietnam (GSO) on June 28.

Vietnam enjoys a low trade deficit of US$34 million in first six months of this year.

It is noteworthy that fruit and vegetable export has shown good signals with over US$2 billion in the year’s first half.

Export turnover for that period was estimated at US$122.72 billion, up 7.3% over the same period in 2018, of which the domestic economic sector contributed US$36.82 billion, an increase of 10.8%, accounting for 30% of the total export turnover.

There are 22 items with export values of over US$1 billion, accounting for 86.9% of total export turnover.

In the first six months of this year, import turnover was estimated at US$122.76 billion, up 10.5% over the same period in 2018, of which the domestic economic sector’s figure reached US$52.54 billion, up 14.4%, and the foreign invested sector reached US$70.22 billion, an increase of 7.8%.

Vietnam enjoyed a low trade deficit of US$34 million in the six month period, of which US$15.72 billion was contributed from the domestic economic sector and US$15.68 billion from the foreign invested sector (including crude oil).

In the six month period, the service export turnover was estimated at US$7.9 billion, up 6.2% over the same period last year, of which tourism services generated US$5.6 billion and transportation services US$1.5 billion.

Meanwhile, service import turnover for the first six months was estimated at US$9.2 billion, up 4% year-on-year, of which transport services reached US$4.5 billion and tourism services hit US$2.8 billion.

(Source: NDO)