Exports grew at 4.7 percent year-on-year to $229.27 billion, with shipments of five items, namely smartphones, computers-electronics, textile-garment, machinery-equipment, and footwear, being worth at least $10 billion each, according to the General Statistics Office.

Workers flatten garment in a factory in the southern province of Long An.

Textile-garment and footwear exports declined by over 9 percent each as major buyers like the U.S. and the E.U. delayed or canceled orders due to the pandemic.

The U.S. remained the largest market with exports rising 24 percent to $62.3 billion, followed by China and the E.U.

Imports grew by 0.4 percent, as against 7.8 percent in the same period last year, to $210.55 billion with garment, iron and steel and plastic seeing double-digit declines.

China was the largest seller, with imports from that country rising by 6.2 percent to $65.8 billion, followed by South Korea and ASEAN.

The GSO said since the pandemic is being well contained in Vietnam, most sectors are recovering. Manufacturing, as measured by the index of industrial production, achieved year-on-year growth of 8.3 percent in October.

Vietnam enjoys trade surplus of US$12.4 billion with the US in Q1

Trade revenue between Vietnam and the United States climbed to US$19.5 billion in the first quarter of 2020, with the Southeast Asian country enjoying a trade surplus of US$12.4 billion, according to the General Department of Vietnam Customs.

Vietnam posts over 9 billion USD in trade surplus

In the first 11 months of this year, Vietnam's export turnover increased by 7.8% and its import value increased by 7.4% over the same period last year.

Agricultural sector gains trade surplus of 8.8 bln USD in 11 months

The agriculture sector enjoyed a trade surplus of 8.8 billion USD in the first 11 months of this year, 1.5 billion USD higher than the same period last year, according to the Ministry of Agriculture and Rural Development.

Vietnam’s trade surplus estimated at 7.05 bln USD

In the first 10 months of this year, Vietnam's export turnover increased by 7.4% and its import value increased by 7.8% year-on-year.

Vietnam continues to enjoy trade surplus with Israel

The two-way trade between Vietnam and Israel was estimated at US$760 million in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of US$440 million, according to a Vietnamese official.

Source: VnExpress