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Trade surplus for the first time in the year is lower than expected

11/04/2026365

Compared with the estimated trade surplus of 3.5 billion USD given by the General Statistics Office, the realized figure was only 2.96 billion USD because exports were lower than expected, while imports increased sharply.

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    According to statistics of the General Department of Customs, the total value of Vietnam's exports and imports in September 2020 reached US $ 51.37 billion, up 1.9% from the previous month. Accumulated to the end of September, import-export turnover of Vietnam reached 388.62 billion USD.

    In September, Vietnam exported over 27.16 billion USD and imported goods reached over 24.2 billion USD. Thus, September recorded a trade surplus of nearly 2.96 billion USD, bringing the surplus from the beginning of the year to the end of September 2020 to 16.52 billion USD, a record level of Vietnam.

    Trade balance of Vietnam by month for the period 2019-2020 (unit: million USD)

    Regarding exports, in September, Vietnam reached an export value of 27.16 billion USD, down 1.9% from the previous month. In which, FDI enterprises with export value reached 17.13 billion USD.

    In the first 9 months of this year, total export turnover reached 202.57 billion USD, up 4.1% over the same period last year. In which, FDI enterprises contributed 129.8 billion USD, down 2.7%.

    Similar to previous months, in September, Vietnam continued to have export strength in a number of items such as: Phones and components with export value of 5.21 billion USD; Computers, electronic products and components reached 4.46 billion USD; Textile and garment reached 2.88 billion USD; Machinery, equipment, tools and spare parts reached 2.79 billion USD and footwear of all kinds reached 1.25 billion USD.

    In the opposite direction, Vietnam's import turnover in September reached 24.2 billion USD, up 6.5% compared to August 2020. In which, FDI enterprises with import value reached 13.7 billion USD.

    Total turnover in the first 9 months reached nearly 186.05 billion USD, down by 0.7%. In which, FDI enterprises with export value reached 103.8 billion USD.

    Also according to the preliminary report of the General Department of Customs, in September 2020, Vietnam imported the most in the following items: computers, electronic products and components valued at $ 6.32 billion; Machinery, equipment, tools and spare parts valued at 3.42 billion USD; Phones and accessories with import value of 1.86 million USD; Fabrics of all kinds worth 982 million USD; and plastics of all kinds valued at 731 million USD.

    With the above results, in the first 9 months of this year, Vietnam saw a trade surplus of over 16.52 billion USD, of which FDI saw a trade surplus of 25.97 billion USD and domestic enterprises saw a trade deficit of nearly 9.45 billion USD.

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