February 29, 2020 / 3:21 AM / in a month

Vietnam February trade surplus likely $100 million: statistics office

HANOI (Reuters) - Vietnam likely posted a trade surplus of $100 million in February, compared with a trade deficit of $280 million in January, government data released on Saturday showed.

Exports in February rose 34% from a year earlier to $18.6 billion, while imports rose 26% to $18.5 billion, the General Statistics Office said in a statement.

For the first two months of this year, Vietnam’s exports rose 2.4% from a year earlier to $36.92 billion, while imports were up 2.4% to $37.10 billion, resulting in a trade deficit of $180 million, it said.

Smartphones, garments and electronic home appliances were among the largest export earners in the two-month period. Key imports were electronics, machinery and fabrics, the department said.

Reporting by Khanh Vu; Editing by Christian Schmollinger

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