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Asia, Forex

Vietnam Sept trade surplus $1.6 bln vs $3.4 bln surplus in Aug – customs

HANOI, Oct 10 (Reuters) – Vietnam recorded a trade surplus of $1.6 billion in September, narrowing from a surplus of $3.4 billion in August and beating a previous government forecast, customs data released on Thursday showed.

Exports in September fell 9.8% from the previous month to $23.357 billion, while imports fell 3.1% at $21.749 billion, the Customs Department said in a statement.

Smartphones, garments and electronic home appliances were among the largest export earners in September. Key imports were electronics and machinery, the department said.

In the first nine months of 2019, Vietnam’s exports climbed 8.4% from a year earlier to $194.653 billion, while imports were also up 8.4% at $187.504 billion, resulting in a trade surplus of $7.149 billion.

The government’s General Statistics Office late last month forecast September trade surplus at $500 million. (Reporting by Khanh Vu; Editing by Alison Williams)

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