Vietnam’s export-import turnover up 13%

HANOI: Vietnam’s export-import turnover hit an estimated US$108.5bil (RM456bil) within the first two months of this yr, up 13% in contrast with the identical interval final yr, in accordance with the Common Statistics Workplace (GSO).

The export income posted a rise of 10.2% to US$53.79bil (RM226bil).

In January and February, 9 export commodities recorded a turnover of not less than U$1bil (RM4.2bil), accounting for 71.6% of the whole export worth.

The US remained the most important importer of Vietnamese commodities within the final two months, with an estimated US$18.3bil (RM77bil).

In the meantime, the nation’s import turnover was up 15.9% throughout this era, with 13 forms of items valued at over US$1bil. Vietnam primarily imported items from China, the South Korea and Asean.

In consequence, the nation skilled a commerce deficit of US$937mil (RM3.9bil) within the interval.

In February alone, the nation’s overseas commerce was valued at US$48.2bil (RM202bil), down 20% from the earlier month however up 17.6% year-on-year.

Export earnings have been estimated at US$22.95bil (RM96bil), down 25.6% month-on-month and up 13.2% yr on yr.

Imports have been valued at US$25.28bil (RM106bil), down 14.2% from January, leading to a commerce deficit of US$2.34bil (RM9.8bil). — Vietnam Information/ANN