HO CHI MINH CITY, Jan. 5 (Xinhua) — Vietnam pocketed 150 billion - TopicsExpress

HO CHI MINH CITY, Jan. 5 (Xinhua) — Vietnam pocketed 150 billion U.S. dollars from exports and spent 148 billion U.S. dollars for imports in 2014, resulting in a trade surplus of 2 billion U.S. dollars, according to the country’s General Statistics Office. Among the major exports, telephones and components topped the list in the overall value at 24.08 billion U.S. dollars, a year-on- year increase of 13.4 percent and accounting for over 16 percent of the country’s total export value. Garments and textiles came next, grossing nearly 21 billion U.S. dollars. Meanwhile, footwear exports crossed their latest threshold in 2014 breaking the record book in terms of export revenue, which gained momentum of 18 percent on-year tallying in at 12 billion U. S. dollars, making Vietnam a top ten global footwear exporter. Farm products and wood-based items earned an export value of 17. 8 billion U.S. dollars, up 11.4 percent year on year, while seafood fetched 7.9 billion U.S. dollars, up 17.6 percent. The United States was Vietnam’s largest export market, which gained 28.5 billion U.S. dollars, up 19.6 percent year on year. The European Union came next with 27.9 billion dollars, up 14.7 percent, followed by the ASEAN with 19 billion dollars, up 3.1 percent. Meanwhile, imports of machinery, equipment and spare parts cost most at 22.5 billion U.S. dollars, up 20.2 percent year on year, followed by electronics, computers and components with 18.8 billion dollars, up 6 percent, and fabrics at 9.5 billion dollars, up 14 percent. Besides, imports of telephones and components also cost 8.6 billion dollars, up 6.7 percent, plastics with 6.3 billion dollars, up 10.9 percent, and petroleum with 7.6 billion dollars, up 9.3 percent. China was Vietnam’s largest import market, which recorded a revenue of 43.7 billion dollars, up 18.2 percent year on year. The ASEAN came next with 23.1 billion dollars, up 8.2 percent, and South Korea with 21.7 billion dollars, up 4.9 percent.

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