Trade deficit $3.1b as imports increase 18.9%

10:30 | 24/04/2015 Trade

The country's total export and import turnover reached US$88.4 billion by April 15, a year-on-year increase of 13.9 %, according to the General Department of Vietnam Customs.

Trade deficit $3.1b as imports increase 18.9%

The country's total export turnover was $42.65 billion by April 15, up 9 % year over year, and total import turnover reached $45.76 billion, up 18.9 %.

The commercial balance in the first half of April saw a deficit of $3.1 billion.

Vietnam's merchandise export turnover in the first half of April was $6.34 billion, 12.3 % less than the second half of March.

Of these, export turnover of foreign direct investment (FDI) enterprises was $4.3 billion, accounting for 67.8 % of the country's total export turnover for the period.

The export turnover of the textile and garment sector in the first half of April fell by $143 million compared to the second half of March. Computers, and electronic products and components fell by $122 million. Telephones and accessories fell by $80 million.

The country's merchandise import turnover in the first half of April was $7.2 billion, a decrease of 11.1 % compared to the second half of March.

The import turnover of FDI enterprises was $4.33 billion, accounting for 60.1 % of the country's total import turnover for the period.

The import turnover of machines, equipment and spare parts in the first half of April fell by $251 million compared to the second half of March. Computers, and electronic products and components fell by $139 million. Soybeans fell by $60 million. Telephones and accessories fell by $46 million. 

                                                                                                                                                                       Source VOV News

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