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Vietnam's trade surplus plunges to $43 mln in July: customs

Vietnam's trade surplus plunges to $43 mln in July: customs

Tuesday, August 13, 2019, 10:09 GMT+7
Vietnam's trade surplus plunges to $43 mln in July: customs
Shipping containers are seen at a port in Hai Phong city, Vietnam July 12, 2018. Photo: Reuters

Vietnam recorded a trade surplus of $43 million in July, narrowing from a surplus of $1.93 billion in June, customs data released on Monday showed.

Exports in July rose 7.2% from the previous month to $22.979 billion, while imports were up 17.7% at $22.936 billion, the Customs Department said in a statement.

Smartphones, garments and electronic home appliances were among the largest export earners in July.

Key imports were electronics, machinery and fabrics, the department said.

In the first seven months of 2019, Vietnam's exports climbed 7.8% to $145.482 billion from a year earlier, while imports were up 8.6% at $143.779 billion, resulting in a trade surplus of $1.7 billion.

The government's General Statistics Office late last month forecast July trade surplus at $200 million.

Reuters

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