Trade gap touches US$10.5b till November 16

During the first half of November, Vietnam’s trade deficit was US$864 million, of which foreign direct investment (FDI) area reached US$146.8 million, according to general Department of Vietnam Customs.

Till the end of November 16, the country’s total export turnover reached US$60.8 billion. Of which, FDI enterprises exported US$28.66 billion. In the first half of November alone, the export turnover was approximately US$3 billion.

Particularly, till November 16, rice export turnover fetched US$2.8 billion, pepper and cashew at US$1.3 billion, cassava US$443 million, coffee US$1.47 billion (of which, coffee export in the first half of November was at US$52 million).

Apparel product export earned over US$9.5 billion and footwear export gained US$4.27 billion.

Seafood export reached US$4.23 billion, wood and wooden product exports at US$2.89 billion, rubber US$1.9 billion and products from rubber at US$243 million.

Computers and electronic products export earned US$3.04 billion, machines, equipments, instruments and components at US$2.6 billion, transport means and components at over US$1.33 billion, electrical wires and cables at US$1.12 billion.

Crude oil export reached US$4.12 billion, oil and gas at US$1.07 billion and coal export at US$1.3 billion.

Till the end of first half in November, the country’s import spending was US$71.3 billion dong. Of which, domestic enterprises imported US$40.4 billion. In H1 of November alone, goods import value was US$3.8 billion.

Imports for machines and equipments were US$11.5 billion, cloth import at US$4.6 billion, steel at US$5.3 billion, materials for garment, textile and leather (US$2.24 billion), plastic (US$1.2 billion) and computer and spare parts (US$4.3 billion).

Also till H1 of November, Vietnam’s export surplus of gemstones and precious metals reached US$2.268 billion.

In the working session of National Assembly today November 23, the minister of finance said that 70% of export turnover is to serve production. – CafeF

Tags: Vietnam Trade Gap