Vietnam enjoys US$760 million trade surplus in January

Friday, 2016-02-19 17:10:44
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The export of phones and components posts the highest revenue at US$2.27 billion
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NDO - Vietnam unexpectedly enjoyed a trade surplus of US$760 million in the first month of 2016, equivalent to 5.7% of the total export revenue, announced the General Department of Vietnam Customs.

According to the latest statistics, Vietnam earned an export revenue of US$13.36 billion in January, down 2.7% compared to the previous month. Of which, foreign direct investment (FDI) enterprises reported an export revenue of US$9.04 billion, a slight decrease of 0.2%.

The export of phones and components posted the highest revenue at US$2.27 billion, up 31.4% compared to the previous month. Despite a decrease of 9.3% over the previous month, the export revenue of garments and textiles came in second, reaching over US$2 billion.

In the meantime, the nation's import revenue was recorded at US$12.6 billion in January, down 11.9% against the previous month. The FDI sector saw an import revenue of US$7.17 billion, down 6.3% over the previous month.

In 2015, Vietnam reported a trade deficit of US$3.54 billion after three consecutive years with a trade surplus.