Trade surplus high thanks to strong export growth

The total import-export turnover of goods nationwide in the past 7 months is estimated at nearly 440 billion USD, an increase of over 17% over the same period last year.

The group of processed industrial products, including textiles, footwear, wooden furniture, etc., are all growing well compared to the same period and account for 88% of the export structure, helping Vietnam's trade balance to reach a trade surplus of more than 14 billion USD.

This third quarter is the peak season for textile and garment exports. A company exports 6 to 7 containers to the US, Europe and Japan every day. Export turnover in July also increased by 8% compared to the same period last year and is expected to increase by 10% this third quarter. The company said that this positive growth is due to the trend of shifting production from other countries to Vietnam.

The whole industry has grown, but the growth of enterprises in the industry is uneven. This is not only true in the garment industry but also in the seafood industry. Some enterprises have seen their exports increase by tens of percent in the past 7 months, but others have seen no growth or negative growth.

Not only exports but also imports in the past 7 months have been on a high growth trajectory thanks to the group of imported raw materials and machinery for production and business, accounting for nearly 94% of total import turnover, up 18.5% over the same period last year. This is considered a positive sign to continue the momentum for export production as well as maintain a high trade surplus in the coming time.

According to VTV

Source: https://doanhnghiepvn.vn/kinh-te/xuat-sieu-dat-cao-nho-xuat-khau-tang-truong-manh/20240731081559568