Vietnam's import-export value reaches $50 billion in November

December 07, 2020 | 15:28

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According to the General Department of Vietnam Customs, Vietnam’s total import and export value reached $49.62 billion in November, down 3.8 per cent on-month.

vietnams import export value reaches 50 billion in november

Vietnam had a trade surplus of $20 billion in the first 11 months of the year

The total export value stood at $25.14 billion, down 7.8 per cent, while total import value was $24.48 billion, up 0.7 per cent. Accordingly, Vietnam had a trade surplus of $661 million in November.

Bao Viet Securities reported that after 11 months, Vietnam had a trade surplus of $20.15 billion in 2020, almost doubling the surplus of $10.76 billion over the same period last year, a record high.

According to the General Department of Vietnam Customs, major exporting items included crude oil and different types of ore. The export of crude oil reached 311,000 tonnes, up 15.2 per cent with export value of $95 million, up 12.9 per cent.

Meanwhile, import of crude oil was also large at one million tonnes and $295 million in November. Regarding goods categories, the estimated import value of computers, electronic products, and components was $6.1 billion in November 2020, down 1.6 per cent on-month and $57.37 billion as of November 2020, yet up 22 per cent on-year.

Machinery, equipment, tools, and spare parts had an estimated import value of $3.35 billion in November 2020, up 1 per cent on-month and $33.12 billion as of November, almost the same as the same period in 2019.

By Lam Tien

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