HCM City posts $296.5m trade surplus in July

HCM City’s total export turnover in July was estimated at $2.53 billion, up 11.9 percent from the previous month and 69.9 percent over the same period last year, HCM City Statistics Bureau reported.

Meanwhile, the city’s import spending in July was $2.23 billion, up 0.9 percent month on month and 28 percent year-on-year.

Thus, the city’s trade surplus in July was $296.5 million.

In July, the export turnover of state-economic area accounted for up to 53.1 percent of the total export turnover, to reach over $1.34 billion, while the figure of foreign-invested economic area was at $550 million.

Also in the month, foreign invested economic area posted a trade surplus of $45 million when its import value was only $505 million. The import of private firms accounted for 51 percent of the total export turnover.

Totally in Jan-July, HCM City’s export turnover reached $15.08 billion, rising 21.7 percent year-on-year and import value was nearly $14.74 billion, up 26.1 percent y-o-y.

Thus, the city’s trade surplus in the first seven months of this year reached $345.5 million.

 

Category: Economy