Vietnam's trade surplus in 2021 reaches $4 billion

01 Jan '22

2 min read

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Vietnam’s trade surplus in 2021 was $4 billion, marking the 6^th year for the country when its import revenue was less than its export turnover, according to Nguyen Thi Huong, general director of the General Statistics Office (GSO). The country’s total foreign trade turnover in 2021 amounted to $668.5 billion, up 22.6 per cent from the previous year.

Vietnam exported goods worth $336.25 billion last year, up 19 per cent year over year (YoY), while its total imports were at $332.25 billion, up 26.5 per cent YoY, Huong told a press conference.

The country’s total foreign trade in the month of December reached $66.5 billion, increasing by 6.4 per cent month-on-month and 19.7 per cent YoY.

The export turnover for about 35 commodities from Vietnam exceeded $1 billion, out of which 8 products exceeded the $10 billion mark.

The US was the biggest export market, accounting for $95.6 billion turnover, while China was the biggest import market at a revenue of $109.9 in 2021. Vietnam’s trade surplus with EU was about $23 billion, and its trade deficit with China was $54 billion.

Vietnam aims to support enterprises and promote exports in 2022 by strengthening export markets, implementing FTAs and minimising challenges, according to minister of industry and trade Nguyen Hong Dien.

Fibre2Fashion News Desk (KD)

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