Tag: trade deficit

Export turnover estimated at US$76.36 billion, up 18.3% year-on-year.

The majority of export demand for high-tech industries, including electronics, computers, and components, originated from the FDI sector rather than domestic enterprises.

Trade deficit down by $0.49 billion year-on-year.

City’s total trade turnover via local ports in Q1 estimated at $28.34 billion.

Exports down in the first half of September compared to the second half of August, resulting in a trade deficit of $845 million.

According to the General Department of Customs, in the first seven months of 2022, Vietnam’s exports to Japan reached $13.4 billion, up 13.4 per cent year-on-year, while imports from the country totaled $13.9 billion, up 8.9 per cent. Vietnam therefore posted a trade deficit of $440 million with Japan.

Figures from the General Department of Customs show that exports reached $14.29 billion in the first half of July, down 19.5 per cent compared to the first half of June, while imports were $16.3 billion, up 4.5 per cent. Vietnam therefore posted a trade deficit of more than $2 billion in the period and $1 billion since the beginning of the year.

According to the General Department of Vietnam Customs, total import and export value stood at more than $21 billion in the first half of February, of which more than $8.7 billion was from exports and $12.6 billion was from imports. Vietnam therefore posted a trade deficit of $3.9 billion. As of February 15, trade for the year was in deficit to the tune of $2.53 billion.

Vietnam’s livestock industry exported animal feed and raw materials worth $1.5 billion in 2021. Imports of raw materials for animal feed production, meanwhile, totaled $4.9 billion, up 29 per cent against 2020. The feed industry therefore posted a trade deficit some $3.4 billion.

Cambodian exports to Vietnam reached $3.5 billion in the first eight months of 2021, up 423 per cent over the same period of 2020 and resulting in Vietnam posting a trade deficit with its neighbor of $355 million.

Vietnam has posted a trade deficit of $2.7 billion for the first seven months of 2021.

Total export and import turnover reached $373.36 billion in the first seven months of 2021, up 30.2 per cent against the same period last year.