VietNamNet Bridge – In the first two months of 2016, Vietnam obtained trade surplus of $680 million and had five export products with turnover exceeding one billion US dollars.

Footwear is among Vietnam's top five export products in the first two months of 2016.

According to the General Department of Customs, the total import and export turnover of the country in the first 2 months of 2016 reached $46.69 billion, down 1.5% ($701 million) compared to the same period of 2015. In particular, import-export turnover of foreign-invested enterprises (FDI) was estimated at $30.37 billion, up 0.6% over the same period.

Particularly, Vietnam's exports reached $23.68 billion, an increase of 3% ($688 million). Of which, the FDI sector accounted for $16.6 billion, up 7.2% year on year.

Vietnam had five export commodities with turnover of more than $1 billion, including phones and phone components with $4.7 billion; textiles and garment $3.3 billion; computers, electronic products and components $2.3 billion; footwear $1.8 billion; machinery, equipment and spare parts $1.3 billion.

In this period, the country’s imports reached about $23 billion, down 5.7% compared to the same period in 2015. The FDI sector accounted for $13.77 billion, down 6.4% yoy.

The main import products include: computers, electronic products and components; machinery, equipment and spare parts; phone and components; cloth; iron and steel; plastics; petroleum; and garment and textile raw materials.

Thus, in the first two months, Vietnam obtained trade surplus of $680 million. The FDI sector remained a dominant role in the economy as it accounted for 65% of the total import-export turnover of the country.

Nam Nguyen