Vietnam’s Jan-Sep trade surplus triples to $21.6 bln: customs authorities

By Minh Anh
Sat, October 14, 2023 | 7:28 pm GMT+7

Vietnam posted a goods trade surplus of $21.64 billion in nine months through September, tripling the $6.9 billion recorded in the same period last year, customs data shows.

Vietnam's exports have been hurt by weak global demand. Photo courtesy of the government's news portal.

Vietnam's exports have been hurt by weak global demand. Photo courtesy of the government's news portal.

In the nine-month period, Vietnam’s exports declined 8.5% year-on-year to $258.97 billion, the General Department of Vietnam Customs said in a Friday report.

The biggest export staples were: computers, electronics and spare parts ($41.41 billion); phones and spare parts ($38.92 billion); machinery and equipment ($30.91 billion); and garments and textiles ($25.1 billion).

Foreign-invested companies in the country earned $208.37 billion from their shipments, down 9.3% year-on-year and 73% of the total.

Meanwhile, Vietnam imported goods worth $237.33 billion in Jan-Sept, down 14% year-on-year.

The biggest import items were: computers, electronics and spare parts ($62.82 billion); machinery, equipment ($30.35 billion); cloth ($9.59 billion); and plastic materials ($7.17 billion).

Imports by foreign invested companies declined 15% to $152.64 billion in the period, making up 64.3% of the national total.

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