Trade deficit hits US$522 million in first half of January

02:01, 26/01/2015

Vietnam's total imports and exports in the first half of January increased by 6.2% to US$12.11 billion compared to the same period last year, according to the General Department of Vietnam Customs.

 
 

Vietnam’s total imports and exports in the first half of January increased by 6.2% to US$12.11 billion compared to the same period last year, according to the General Department of Vietnam Customs.

However, comparing with the second half of December 2014, the trade balance registered a deficit of US$522 million, accounting for more than 9% of total exports revenue.

Vietnam earned US$5.79 billion from exports, down 2% (around US$115 million) against the same period last year.

Products saw decline in export growth including means of transport, tools, seafood, crude oil, rice and petroleum. Meanwhile some products enjoying high export growth were telephones and components, computers, electronics and components and footwear.

Foreign direct investment (FDI) businesses fetched US$3.92 billion from exports, an increase of 3.8% against the same period last year and accounting for 68% of total export revenue.

(Source:VOV)