Export turnover touches US$ 12 bln. in March

VGP – Export turnover valued US$ 12 billion, representing a year-on-year increase of 26% and import volume was US$ 12.3 billion, up 22%, according to the General Statistics Office (GSO).

March 23, 2014 8:46 PM GMT+7

Illustration photo

Viet Nam ran a trade deficit of US$ 0.3 billion, equivalent to 1.2% of the country’s total export- import turnover.

The country’s total export earnings were estimated at US$33.346 billion in the first quarter of the year, and imports were US$32.339 billion. The country gained a trade surplus of US$1 billion in the first three months, accounting for 1.53% of the country’s total import-export revenue.

Major export items which experienced a sharp increase compared to last month included garment and textiles (US$1.6 billion, up 53%), mobile phones and spare parts, (US$2 billion, up 16%), and electronic products (US$850 million, up 37%).

Other export products like rubber and chemicals maintained stable growth. Several traditional export commodities, namely rice, seafood, and coffee, saw relative high growth.

Viet Nam has made full use of opportunities available from its main export markets, such as the US, Japan, and the European Union that have started recovering from the crisis.

On the other hand, electronic components and machinery equipment topped the list of import items, with over US$1 billion spent on each group.

The FDI ran a trade surplus of nearly US$4 billion, while domestic enterprises faced a trade deficit of nearly US$3 billion./.

By Kim Loan