Vietnam records trade deficit of US$1.96 billion over six-month period
VOV.VN - Vietnam’s import-export value stood at US$288.68 billion between the beginning of the year and mid-June, with a trade deficit reaching US$1.96 billion, according to figures provided by the General Department of Vietnam Customs.
The two commodity groups which saw import turnover reach over US$1 billion during the first half of June include computers, along with electronic products and components.
Most notably, total export turnover by mid-June surged by 29.67% to reach US$143.36 billion compared to the same period from last year, while import turnover increased by 36% to a sum of US$145.32 billion on-year.
Throughout the reviewed period, the country mainly imported electronic components and raw materials for use in the leather, footwear and textile industries.
This comes following the garment and textile sector recently experiencing a rapid bounce-back due to several businesses placing sufficient orders until the end of the third quarter and ahead into the fourth quarter of the year.
Furthermore, the export prices of commodities has tended to increase, especially with regard to the nation’s advantageous commodities which are anticipated to become a driving force in increasing export value moving forward.
At present, the US and several European countries are in the process of gradually removing a blockade order once a sufficient number of vaccines have been injected, thereby making the demand for goods in the global market increase.
These moves will serve to create opportunities to promote the export of consumer industrial products with the main goal of enjoying a trade surplus by the end of the year.
