The General Department of Vietnam Customs said the country had a trade deficit worth 400 million USD in November, equivalent to 1.9 percent of total export value.

 


General Department of Vietnam Customs said the country had a trade deficit worth 400 million USD in November, equivalent to 1.9 percent of total export value (Illustrative photo: VNA)

Specifically, the nation’s foreign trade in the month was valued at an estimated 43.6 billion USD, down 1.6 percent from the previous month. Of the figure, total export revenue went down by 4.1 percent to 21.6 billion USD, while import value increased by 1.1 percent to 22 billion USD.

The November figure brought the 11-month foreign trade value to 440.45 billion USD, up 13.4 percent from the same period in 2017. Despite the deficit in November, the period still saw a trade surplus worth more than 6.8 billion USD for the January-November period.

In terms of exports, the item with the highest revenue in the period was telephone and parts, with 46.14 billion USD, up 11.5 percent year on year. It was followed by textile-garment with 27.77 billion USD, up 17.4 percent, and computer, electronics and parts with over 27 billion USD, up 13.9 percent.

In terms of imports, the country spent 38.7 billion USD on computers, electronics and parts, an increase of 13.6 percent, 30.71 billion USD on machinery, equipment, tool and spare parts, down 0.7 percent. 

Source: VNA

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