Vietnam exports advance 13.9%

Vietnam exports advance 13.9%

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Vietnam’s trade in goods from January to the first half of April 2017 reached US$107.58 billion, higher by 18.5% compared to the same period of the previous year, according to the Vietnam Customs Statistics. Of this total, exports value shot up 13.9% to nearly $52.51 billion, and imports value was up 23.1% to $55.07 billion.

In the first half of April 2017, the nation’s overall exports added up to $7.93 billion, while imports amounted to $8.43 billion, resulting in a trade deficit of nearly $501 million.

Total export and import turnover in the first half of April was $16.37 billion, down by 13.9% compared to the second half of March 2017.

For FDI traders, exports and imports in the first half of April reached $10.87 billion, down by 13% compared to the second half of March 2017. From January to April 15, total merchandise trade value of FDI traders was $70.05 billion, which is 18.5% higher than the performance for the same period of 2016.

Compared with the second half of March 2017, exports in the first half of April decreased by 16%, mostly as a result of the decline registered for computers, electrical products, spare parts and components (down by 27.8%); textiles and garments (down by 20.4%); iron and steel (down by 62.8%); and wood and wooden products (down by 23.8%).

However, upturns occurred for some export commodities such as telephones, mobile phones, and parts (up by 3%); rice (up by 6.5%); and handbags, purses, suitcases, headgear, and umbrellas (up by 3.3%).

Photo: Phó Nháy

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