HCMC gains US$1.14 bln trade surplus

VGP – Ho Chi Minh City (HCMC) posted a trade gap of US$53 million in April, but gained a trade surplus of over US$1.14 billion in the first four months of 2013, according to the HCMC Statistics Office.

April 23, 2013 5:37 PM GMT+7

In April, the local export value was estimated at US$ 2.315 billion, down 12% over the previous month but up 10% from the same period last year.

Meanwhile, import value fetched to US$ 2.368 billion, month-on-month increase of 2.1% and year-on-year increase of 27.9%.

This is the first month HCMC faced a trade deficit since February 2012.

In the first four months, the city gained US$ 9.2 billion in export revenue, up 15.6% against the same period last year. Import value was US$ 8.04 billion, up 19.5% against the previous year.

The city mainly exported rice, coffee, aquatic products, garments and textiles, footwear, computers and electronic products and imported iron and steel, plastics, raw materials of garments and textiles and fuel./.

By Khanh Phuong