Vietnam runs trade deficit of US$2.7 billion in five months

Vietnam posted a trade deficit of nearly US$2.7 billion this year to the end of May, equal to 1.7 percent of the country’s total export turnover.

vietnam runs trade deficit of us$2.7 billion in five months hinh 0
According to the Vietnam Customs, the total import-export turnover in the first five months of this year was estimated at US$161.28 billion, a year-on-year increase of 20.7 percent.

Of which, the export turnover hit US$79.3 billion, up 17.4 percent, while the import turnover reached US$82 billion, up 23.9 percent.

Among key export products, phones and spare parts brought home US$16.05 billion, a yearly rise of 12 percent, while garment-textile products earned US$9.4 billion, a year-on-year increase of 9 percent.

The import turnover of machinery, equipment, and components grew by 38.8 percent to top US$15 billion, and that for phones and spare parts rose by 23.4 percent to reach over US$5 billion.


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