Vietnam’s March import and export estimated at $15.25b

The general Department of Customs reported that Vietnam’s total import and export in March was estimated at $15.25 billion, up 41.1 percent compared with February and trade deficit in this month reached $1.15 billion, up 3.4 percent from the previous month which was higher than the average of three months (about $1 billion per month).

The department estimated the national import‐export turnover in the first quarter this year reached $41.52 billion, up 28.2 percent over the same period in 2010, while the trade deficit reached hit $3.03 billion, equivalent 15.7 percent of current exports.

Specifically, in March, the country’s exports reached $7.05 billion, up 45.4 percent compared to February (up $2.2 billion), bringing total exports in the first quarter to $19.25 billion, up 33.7 percent (more than $4.85 billion) over the same period in 2010. Import turnover in March 2010 reached $8.2 billion, up 37.6 percent compared to February (up $2.24 billion), making import turnover in Q1 to $22.27 billion, up 23.8 percent over the same period in 2010 (up $4.29 billion).

It is noted that although exports of FDI enterprises was very positive, this sector also topped in the imports of goods, so the FDI sector ranked top in trade deficit.

According to statistics by the general Department of Customs, in March, the FDI sector exported $3.2 billion, up 45 percent from the previous month, bringing the total exports of this sector for 3 months to $8.9 billion, up 31.3 percent over the same period in 2010. But in March, the FDI sector imported $3.6 billion ($400 million trade deficit), up 38.5 percent from the previous month, bringing the total import turnover of this sector in the first 3 months to nearly $9.5 billion (US$ 600 million deficit), up 28.4 percent over the same period in 2010. – Vietbiz24

Tags: Vietnam exports, Vietnam exports 2011, Vietnam trade

Posted by VBN on Apr 1 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry