Trade gap touches US$ 3.08 billion in 7 months

Illustration photo

In the first seven months, export turnover was estimated at US$ 115.2 billion, up 18.7% against the same period last year, including US$ 32.2 billion of the domestic economic sector (up 14.6%); US$ 83 billion of the FDI sector (up 20.3%).

Key exports continued to witness higher growth rates, including telephones and spare parts with US$ 22.6 billion (up 15%); garments and textiles with US$ 14.2 billion (up 8.1%); electronics, computers, and spare parts with US$ 13.6 billion (up 43.3%); footwear with US$ 8.4 billion (up 12.9%).

The U.S. was the largest importer of Vietnamese products with US$ 23.4 billion of turnover (representing a year-on-year growth of 9.9%); followed by the EU with US$ 21.5 billion (up 12.8%); China with US$ 15.5 billion (up 42.6%).

In the first seven months, import turnover was supposed at US$ 118.3 billion, representing a year-on-year growth of 24%. Import turnover of the domestic sector was US$ 46.9 billion (up 18.4%); the FDI sector with US$ 71.4 billion, up 28.1%.

Some imports saw higher turnovers including machines, equipment, and spare parts with US$ 21.4 billion (up 37.4%); electronics, computers, and spare parts with US$ 19.2 billion (up 27.4%); telephone and spare parts with US$ 7.3 billion (up 30.6%).

Viet Nam’s biggest import came from China with US$ 31.7 billion (up 15.8%); followed by the Republic of Korea with US$ 26.7 billion (up 50.8%); ASEAN with US$ 16 billion (up 19.7%).

In the January-July period, trade gap was US$ 3.08 billion, equivalent to 2.7% of total export turnover of which the domestic sector ran a trade deficit of US$ 14.77 billion and the FDI sector enjoyed a trade surplus of US$ 11.69 billion./.  

By Khanh Phuong