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Vietnam records trade surplus of over US$11.2 billion

Vietnam’s import-export turnover in December is estimated at US$58.82 billion, up 2.7% over the previous month, pushing the total in the whole year to US$732.5 billion, a year-on-year rise of 9.5%, with a trade surplus of US$11.2 billion, according to the General Statistics Office (GSO).

GSO General Director Nguyen Thi Huong said that this year, the domestic economy has recovered rapidly with an increase in domestic production cost and prices of input materials for exports.

The office reported that export revenue is estimated to reach US$29.66 billion in December, US$89.5 billion in the fourth quarter, and US$371.85 billion in the whole year, up 10.6% year on year, with US$276.76 billion coming from the foreign-invested sector, accounting for 74.4%.

In the year, 36 product groups enjoy export revenue of over US$1 billion each, with eight earning over US$10 billion each.

Meanwhile, Vietnam spent about US$29.16 billion on imports in December, US$85.07 billion in the fourth quarter, and US$360.65 billion in the whole year, an increase of 10% year on year.

In 2022, the import revenue of 46 products exceeded US$1 billion, including six reaching over US$10 billion.

In the year, the country also exported about US$12.9 billion worth of services, a surge of 145.2% year on year.



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