Vietnam’s trade deficit hits US$2.13 billion in first eight months

During the reviewed time, Vietnam’s import value jumped by 22.3% year-on-year to US$135.63 while the export turnover reached US$133.5 billion, up 17.9% against last year. The country’s import-export turnover hit US$269.13 billion, a yearly increase of 20.1%. 

In August only, Vietnam earned some US$18.2 billion by shipping goods overseas, up 3% on-year and imported goods valued at 17.8 billion USD, up 2.3%, thus enjoying a trade surplus of US$400 million. 

The first eight months of 2017 saw growth of Vietnam’s key exports, with phones and components up 14.8% to US$25.96 billion and garments up 7.2% to US$16.7 billion.

From January to August, Vietnam also imported nearly 8.65 million tonnes of oil and petroleum worth of US$4.46 billion, up 9.1% in amount and 38.2% in value against last year.