Vietnam recorded a trade surplus of 19.07 billion USD in the first eight months of this year, the General Statistics Office (GSO) announced on September 6.

Vietnam’s total import and export turnover by mid-July reached nearly US$403 billion, with the country racking up a trade surplus of US$11.88 billion, according to the latest statistics released by the General Department of Vietnam Customs.

Vietnam’s total export and import value reached US$270.82 billion in a period from January 1 to May 15, 2024, resulting in a trade surplus of US$6.36 billion, according to the General Department of Customs.

Vietnam’s total import-export turnover surpassed the US$600 billion mark in the Jan.-Nov. period, reaching US$619.17 billion, with a trade surplus of US$25.83 billion.

Vietnam's export and import turnover of goods exceeded the mark of US$550 billion after 10 months of this year.

Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.

While woodwork companies are lacking new export orders amid high inflation in the US and Europe, food-processing companies are not receiving new orders because of rising input material prices.