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VietNamNews

Trade deficit widens this month

Update: September, 25/2012 - 11:27

 

A ship carrying imported items docks at Cat Lai Port, HCM City. The national trade deficit in September is estimated to hit US$200 million after three successive months of trade surplus. — VNA/VNS Photo Thanh Vu
HA NOI (VNS) — The country's trade deficit hit an estimated US$200 million this month after three consecutive months of trade surplus, the Ministry of Planning and Investment's General Statistics Office (GSO) reported.

The GSO said Viet Nam's export turnover this month was $9.7 billion, declining 6 per cent over last month, while import turnover was $9.8 billion, down 4.5 per cent from August.

During the first nine months of the year, the country's export turnover reached $83.789 billion, representing a 19 per cent increase over the same period last year. Foreign invested areas registered export turnover of $52.5 billion, accounting for 63 per cent of the total.

Import turnover during the period reached $83.755 billion, increasing 6.6 per cent against the same period last year.

The figures saw the country enjoyed a trade surplus of $34 million during the nine-month period.

Foreign invested areas also enjoyed a trade surplus of $8.6 billion during the period, while domestic businesses saw their trade surplus shrink during the same period last year.

Eight-teen groups had export turnover of more than $1 billion. The garment and textile industry took the lead with turnover of $11.25 billion, followed by the mobile phone and accessories sector with $8.55 billion, crude oil with turnover of $6.34 billion, electronics and computers registering $5.36 billion and aquaculture seeing turnover of $4.14 billion.

The GSO added that key import items during the period were electronics and computers with a turnover of $9.28 billion, petroleum at $7 billion and steel at $4.7 billion. — VNS

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