Trade sur­plus tops $1.3b in first 7 months

Viet Nam News - - Business -

HAØ NOÄI —- The coun­try’s trade sur­plus in the first 7 months of this year reached US$1.26 bil­lion thanks to a good ex­port per­for­mance, the Gen­eral Sta­tis­tics Of­fice re­ported.

The re­sult was due to an im­prove­ment in ex­port value which reached $83.5 bil­lion in the first 7 months, up 14.1 per cent com­pared to the same pe­riod of last year.

There were a num­ber of high-val­ued ex­port sta­ples in­clud­ing ma­rine prod­ucts with an in­crease of 25.5 per cent to $4.23 bil­lion, tex­tile and gar­ment in­dus­try with a rise of 19.4 per cent to $ 11.48 bil­lion and phones and ac­ces­sories man­u­fac­tur­ing that showed a growth of 13.9 per cent to $13.15 bil­lion.

Crude oil ex­port value also made up $4.61 bil­lion, up by 5.8 per cent in vol­ume and by 8.3 per cent in turnover.

The GSO stated that the ex­port turnover could reach a higher value if there was no re­duc­tion of ex­port value in agri­cul­tural prod­ucts. These in­cluded rice ex­ports with 3.86 mil­lion tonnes worth $1.75 bil­lion, down 8 per cent in vol­ume and 4.7 per cent in value.

A de­crease in rub­ber ex­ports also con­trib­uted to the sit­u­a­tion with 454,000 tonnes worth $832 mil­lion, down 9.5 per cent in vol­ume and 32 per cent in value.

In the first seven months, the coun­try’s im­port value was $82.24 bil­lion, up 11.4 per cent year-on-year.

The GSO said that the coun­try spent most for im­ports of raw ma­te­ri­als for pro­duc­tion such as cot­ton which in­creased by 35 per cent to 458,000 tonnes and 36.3 per cent in value to $919 mil­lion.

The value of im­ported ma­chines and spare parts in­creased by 24.4 per cent to $12.65 bil­lion, and fab­ric im­port value reached to $5.5 bil­lion, an in­crease of 16.7 per cent.

The GSO said that China re­mained Vieät Nam’s largest im­port mar­ket with a to­tal turnover of $23.4 bil­lion, an in­crease of 15.3 per cent com­pared to the same pe­riod last year. The fig­ures brought the trade deficit with China to $14.8 bil­lion, up 14.4 per cent over the same pe­riod of 2013.

Most of the im­ported prod­ucts from China were tex­tile raw ma­te­ri­als, ma- chines and equip­ment for en­ergy in­dus­try, light in­dus­try, con­sum­ing prod­ucts and elec­tronic prod­ucts.

Vieät Nam also spent sig­nif­i­cant val­ues for im­port­ing goods from ASEAN and South Korea mar­kets with im­port turnover of $ 13.4 bil­lion and $12.3 bil­lion, up 8.4 per cent and 6.3 per cent, re­spec­tively.

Im­port value from Ja­pan, EU and the US were low range be­tween $3.7 bil­lion and $6.9 bil­lion. —

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