Trade deficit at $100 million in January

Read the original news 

Báo Dân Trí English - 7 month(s) ago 5 readings

Total trade in January was estimated at $29.3 billion. Export turnover was $14.6 billion, down 12 per cent against last month, while import turnover was $14.7 billion, down 13.9 per cent.

Total trade in January was estimated at $29.3 billion. Export turnover was $14.6 billion, down 12 per cent against last month, while import turnover was $14.7 billion, down 13.9 per cent.
Trade deficit at $100 million in January
In January 2017, Vietnam recorded a trade deficit of an estimated $100 million according to Vietnam Customs.

Export turnovers from mobile phones and components, textile and garment, and footwears were $2.5 billion (down 12 per cent against December), $2.1 billion (down 10.8 per cent against December), and $1.25 billion (down 10.2 per cent against December) respectively .

Compared to the same period in 2016, Vietnam's export turnover has gone up 7.6 per cent, including export turnover in the state sector which went up by 2.8 per cent. The foreign-direct investment sector (including crude oil) went up by 9.7 per cent.

Some export items have increased, when compared to the same period last year, such as mobile phones and components (10.2 per cent); computers, electronic products and parts (26.3 per cent); machinery, equipment and tools (23.7 per cent); coffee (3.1 per cent); vegetables and fruit (14.4 per cent).

Others have decreased such as footwear (2.3 per cent); means of transport, parts and accessories (5.7 per cent) and rice (42.6 per cent).

Among the major markets, the US was the largest export market for Vietnam with a turnover of $3.3 billion and an increase of 9.5 per cent compared to the same period last year.

Following were the EU with a turnover of $2.9 billion and an increase of 4.8 per cent; China with $1.9 billion and a 38.6 per cent increase; ASEAN with $1.4 billion and a 0.5 per cent increase; Japan with $1.4 billion and a 13.2 per cent increase and South Korea with $860 million and a 14.4 per cent increase.

Import turnover in January was estimated at 15.8 per cent compared to the same period last year including the state sector which went up by 15.6 per cent and the foreign-direct investment sector which went up by 16 per cent. Some items increased such as machinery, equipment and tools (21.4 per cent); computers, electronic products and parts (13.8 per cent); and mobile phones and accessories (14 per cent).

China was still the largest import market for Vietnam with a turnover of $4.3 billion and an increase of 9.3 per cent compared to the same period last year. Following were South Korea with $2.5 billion and a 19.3 per cent increase; ASEAN with $2.1 billion and 15 per cent increase; Japan with $1.3 billion and a 25.2 per cent increase; EU with $890 million and a 18.3 per cent increase and the US with $750 million and a 26.6 per cent increase.

In January, trade deficit in the state sector was estimated at $1.9 billion while trade surplus in the foreign-direct investment sector (including crude oil) was estimated at $1.8 billion.

There is no comment

Please Sign up or Login to comment.

Top page