RoK trade deficit widens, amid higher exports
(VOV) - The two-way trade turnover between Vietnam and the Republic of Korea (RoK) ticked up 4.3% on-year to US$26.19 billion in the eleven months leading up to December, according to the General Statistics Office (GSO).
Meanwhile, Vietnam exports to the RoK jumped modestly by 7.06% on-year to US$6.53 billion. Imports from the country tallied in at US$19.65 billion, posting a year-on-year increase of 3.4%.
During the 11 month period, the nation’s trade deficit with the RoK rose by US$13.1 billion.
Vietnam’s imports, valued at US$4.63 billion, principally consisted of computers, electronics and spare parts, while the RoK imported garments and textiles, seafood and wood related products.