Total import and export value reached $30.4 billion in the second half of July, from July 16 to 31, a slight decline of 0.6 per cent compared to the first half of the month, according to a report from the General Department of Vietnam Customs.

Trade was in surplus to the tune of $2.12 billion in the period. Exports stood at $16.26 billion, up 13.8 per cent compared to the first half of July.

Groups with fluctuating export value included phones of all kinds and components, which increased $640 million; computers, electronic products and components, which increased $618 million; machinery, equipment, tools and spare parts, which increased $410 million; and iron and steel of all kinds, which increased $154 million.

Total trade value in the first seven months of the year was $433.6 billion, up 15.3 per cent compared to the same period of 2021. Trade was therefore in surplus by $1.08 billion.

The total trade value of FDI enterprises in the period reached $299.26 billion, up 15.3 per cent year-on-year, while trade by domestic enterprises was $134.34 billion, up 15.1 per cent.