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VietNamNews

Trade deficit $3.1b as imports increase 18.9%

Update: April, 24/2015 - 08:32

Goods loaded for export at Cua Lo Port in central Nghe An Province. Viet Nam's export and import turnover reached US$88.4 billion by April 15. — VNA/VNS Photo Lan Xuan

HA NOI (VNS) — The country's total export and import turnover reached US$88.4 billion by April 15, a year-on-year increase of 13.9 per cent, according to the General Department of Viet Nam Customs.

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

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

Viet Nam's merchandise export turnover in the first half of April was $6.34 billion, 12.3 per cent 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 per cent 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 per cent compared to the second half of March.

The import turnover of FDI enterprises was $4.33 billion, accounting for 60.1 per cent 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. — VNS



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