November sees trade deficit of US$400 million

The General Department of Vietnam Customs said the country had a trade deficit worth US$400 million in November, equivalent to 1.9% of total export value.

november sees trade deficit of us$400 million hinh 0

Specifically, the nation’s foreign trade in the month was valued at an estimated US$43.6 billion, down 1.6% from the previous month. Of the figure, total export revenue went down by 4.1% to US$21.6 billion, while import value increased by 1.1% to US$22 billion. 

The November figure brought the 11-month foreign trade value to US$440.45 billion, up 13.4% from the same period in 2017. Despite the deficit in November, the period still saw a trade surplus worth more than US$6.8 billion for the January-November period. 

In terms of exports, the item with the highest revenue in the period was telephone and parts, with US$46.14 billion, up 11.5% year on year. It was followed by textile-garment with US$27.77 billion, up 17.4%, and computer, electronics and parts with over US$27 billion, up 13.9%. 

In terms of imports, the country spent US$38.7 billion on computers, electronics and parts, an increase of 13.6%, US$30.71 billion on machinery, equipment, tool and spare parts, down 0.7%.

VNA

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