Vietnam’s exports down in first half Sept.

During the first 15 days of September, 2011 (from Sept. 1 to 15), Vietnam’s export turnover was estimated at US$3.44 billion, down 31 percent from the last 15 days of August, 2011, according to the data from the General Department of Vietnam Customs.
Accordingly, most of export items posted fall in export turnover in the first half of September such as apparel products (down $231 million), crude oil (-$172 million), footwear (-$122 million), rice (-$119 million) and seafood (down $81 million) against the last half of August, 2011.

Regarding import segmentation, like export activities, the country’s import value of goods in the first half of September was $4.41 billion, down 17 percent from the late 15 days of August, 2011.

Some groups of commodities posted the strongest decline in import value such as oil and gas (down US$137 million), iron and steel (-US$119 million), gemstone and precious metals and its products (down $58 million).

Thus, the country’s total export import turnover in the first half of September reached $7.85 billion, down 23.8 percent against the actualised results in the last half of August 2011, bringing the total figures from early this year to Sep 15 to $137.4 billion, rising 30.6 percent from the same period last year.

Of which, exports reached $65.19 billion, up 34.7 percent and import spending was $72.22 billion, a year-on-year increase of 27.1 percent.

Thus, Vietnam’s trade deficit from early this year till September 15 was US$7 billion, or 10.8 percent of its total export turnover. – Source: Vietbiz24.com

Tags: Vietnam exports, Vietnam exports 2011, Vietnam trade

Posted by VBN on Sep 30 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry