Dong Nai accounts for over 30% of national trade surplus in 2018

Monday, 2019-01-14 17:58:25
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Dong Nai posted a trade surplus of more than US$2.6 billion in 2018. (Photo:
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NDO – The southern province of Dong Nai posted a trade surplus of more than US$2.6 billion in 2018, representing over 30% of the total trade surplus of the whole country, according to the provincial People’s Committee.

Dong Nai is currently one of the leading cities and provinces in terms of trade surplus nationwide. Regarding the United States market alone, the locality reported an export turnover of approximately US$4.7 billion last year, up 8% compared to 2017.

The US is the largest export market for Dong Nai with a moderate growth rate for years. The province’s major exports to the US include footwear, garment and textiles, textile fibre, timber products, machinery and auxiliary parts.

At present, Dong Nai has nearly 4,000 businesses exporting goods to most countries and territories around the world. Footwear, garment and textiles, fibre, machinery and auxiliary parts are the province’s five key groups of export items with large revenues, among which footwear products took the lead with a turnover of nearly US$3.7 billion in 2018.

The aforementioned key groups of commodities posted a combined value of US$10.2 billion, accounting for more than half of Dong Nai’s total export turnover.

2014 was the first year that Dong Nai shifted from a trade deficit to a trade surplus of US$625 million. By the end of 2018, the province’s trade surplus increased over fourfold compared to the previous four years.