Workers at Viet Truong Company Limited - a seafood processing and exporting enterprise in the port city of Hai Phong. (Photo: VNA)
Export revenue rose 14.8 per cent year-on-year to USD 262.44 billion, while imports increased 17.9 per cent to USD 252.26 billion. Total trade turnover reached USD 514.7 billion, up 16.3 per cent.
Exports from the domestic sector climbed 6.7 per cent to USD 67.48 billion. The foreign-invested sector, including crude oil, reached USD 194.96 billion, up 17.9 per cent.
Processed industrial goods dominated exports with USD 232.37 billion, accounting for 88.6 per cent of total turnover. Agricultural and forestry products contributed USD 22.4 billion, aquatic products USD 6.08 billion, and fuel and minerals USD 1.59 billion.
Imports of production materials were estimated at USD 236.57 billion, representing 93.8 per cent of total imports. Consumer goods imports reached USD 15.69 billion, or 6.2 per cent.
Vietnam reported a trade surplus of USD 22.3 billion with the EU, up 9.9 per cent, and USD 1.3 billion with Japan, up 21 per cent.
China remained Vietnam’s largest import market, with turnover hitting USD 101.5 billion. The trade deficit with China widened 41.1 per cent to USD 66.5 billion.
The trade deficit with the Republic of Korea was USD 17.4 billion, down 0.2 per cent, while the deficit with ASEAN jumped 63 per cent to USD 8.5 billion.