Trade deficit in 5 months: equal to 3.4% of total exports
Friday, June 30,2017AsemconnectVietnam - Vietnam’s trade deficit totaled over US$ 2.7 billion in the first 5 months of this year, equivalent to 3.4 per cent of the total export turnover, according to the General Statistics Office.
In the period, the domestic economic sector got the trade deficit of $ 10.36 billion while the FDI sector (including crude oil) got the trade surplus of $ 7.65 billion.
The country’s trade deficit was estimated at $ 800 million in May.
Export turnover decreased month – on – month but increased year – on - year
Vietnam’s export turnover was estimated at $ 17.2 billion in May, down by 1.9 per cent over the previous month but increased by 19.9 per cent over the same month of last year. Of the figure, the export turnover of the domestic economic sector reached $ 4.8 billion, up by 3.1 per cent while the export turnover of the FDI sector (including crude oil) reached $ 12.4 billion, down by 3.7 per cent.
In May, the country’s exports of cell phones and accessories increased by 31.9 per cent; computers, electronics and components – up by 47.2 per cent; machines, equipment and spare parts – up by 43.1 per cent.
In the first five months of this year, the country’s export turnover was estimated at $ 79.3 billion, up by 17.4 per cent year – on – year.
Of the figure, the exports of the domestic economic sector reached $ 22.1 billion, up by 13.6 per cent while the exports of the FDI sector (including crude oil) reached $ 57.2 billion, up by 19 per cent.
The leading export items were cell phones and accessories - $ 16 billion, up by 12 per cent; textiles and garments - $ 9.4 billion, up by 9 per cent; computers, electronics and components - $ 9.4 billion, up by 46.2 per cent; footwear of all kinds - $ 5.6 billion, up by 10.5 per cent; machines, equipment and spare parts - $ 5.1 billion, up by 38.2 per cent.
In the first five months of this year, the U.S was still leading the list of the country’s major export markets with the export turnover of $ 16 billion, up by 9.9 per cent year – on – year. It was followed by EU - $ 14.6 billion, up by 9.5 per cent; China - $ 10.5 billion, up by 40.3 per cent; ASEAN - $ 8.6 billion, up by 26 per cent; Japan - $ 6.4 billion, up by 16.6 per cent; and South Korea - $ 5.7 billion, up by 34.4 per cent.
Import value increased sharply over the same period of 2016
The country’s import value was estimated at $ 18 billion in May, up by 3.7 month – on – month. Of the figure, the import value of the domestic economic sector was at $ 7.1 billion, up by 8.3 per cent month – on – month and 23.6 per cent year – on - year while the import value of the foreign invested sector was at $ 10.9 billion , up by 1 per cent month – on – month and 13.2 per cent year – on – year.
In the first five months of this year, the country’s total import value was estimated at $ 82 billion, up by 23.9 per cent over the same period last year. Of the figure, the import value of the domestic economic sector reached $ 32.4 billion, up by 18.9 per cent, and the import value of the FDI sector reached $ 49.6 billion, up by 27.5 per cent.
In the period, the imports of machines, equipment and spare parts increased by 38.8 per cent year – on – year to $ 14.9 billion; computers, electronics and spare parts – up by 27.5 per cent to $ 13.3 billion; cell phones and accessories – up by 23.4 per cent to $ 5 billion; iron and steel – up by 36 per cent to $ 4.1 billion; plastics – up by 25.5 per cent to $ 2.9 billion.
China was still the country’s biggest import market in the first five months of this year with the import value of $ 22 billion, up by 15.7 per cent over the same period last year. It was followed by South Korea - $ 18.6 billion, up by 51.9 per cent; ASEAN - $ 11.1 billion, up by 16.6 per cent; Japan - $ 6.5 billion, up by 15.5 per cent; EU - $ 4.6 billion, up by 13.9 per cent; and the U.S - $ 3.8 billion, up by 22 per cent.
CK
Source: VITIC/kinhtevadubao.vn
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