Garments, phones and elements, computers, electronic items and components, and industrial machinery were the four commodity groupings with export turnovers of $1 billion or more. According to media sources from the country, Vietnam earned $254 billion in exports and spent $256.45 billion in imports, resulting in a trade imbalance of $2.45 billion as of October 15.
According to the MoIT, the monthly balance of trade has steadily changed to a trade deficit since the beginning of the second quarter, and this trend appears to be reversing, with only a $100 million trade deficit recorded in August.
The trade balance will be highly influenced by the outcome of the ongoing battle against the COVID-19 epidemic, according to the MoIT, which will continue to deploy a variety of solutions to assist enterprises and boost exports.
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