While the novel coronavirus has exerted a negative impact on the world economy, Vietnam has maintained a trade surplus over four months, with 15 items enjoying export turnover of over US$1 billion each, making up 80% of total export value, according to the Ministry of Industry and Trade.

15 items enjoy export turnover of over US$1 billion each over four months

Phones and components recorded the highest level of export turnover with US$16.2 billion, a 1.1% rise on-year, while electronics, computers and components posted a surge of 28.6% to US$12.4 billion.

A number of products that have export turnover of between US$1-10 billion made up the country’s key export products, including textiles, machinery, transport means and spare parts, seafood, steel, fiber, plastics, vegetables, footwear, along with timber and wooden products. 

The total export turnover throughout the four-month period is estimated to stand at US$82.94 billion, an annual increase of 4.7%. 

The United States remained Vietnam’s  largest export market throughout the reviewed period with a turnover of US$20.3 billion, up 13.4% on-year, followed by China with US$13.1 billion, a rise of 26.7% in comparison to the same period last year.

Elsewhere, import turnover is estimated to have increased by 2.1% on-year to US$79.89 billion, with the country’s trade surplus expected to reach a figure of US$3 billion.