Vietnam’s April trade gap hits 16-month high

Vietnam’s trade gap in April was reported at $1.493 billion, marking the highest level during 16 recent months, according to the official figures from the General Department of Vietnam Customs.

In particular, the country’s export turnover in April slipped slightly from the previous month to reach nearly $7.44 billion. However, the country’s import spending saw a rise of nearly 1 percent month on month to be at approximately $9 billion.

Thus, Vietnam’s trade deficit in April was about $1.493 billion. This is also the highest figure during 16 recent months and marks the country’s trade deficit for 25th consecutive month.

Till the end of April, Vietnam’s total export turnover reached nearly $27.25 billion, up 37.2 percent from the same period last year and equaling to 34.3 percent of the year’s plan, averaging at $6.8 billion in export turnover per month.

Meanwhile, the country’s import value in Jan-Apr was over $32.13 billion, rising 30.3 percent year on year and accounting for 34.4 percent of the year’s plan, averaging at over $8.3 billion per month.

Thus, till the end of April, Vietnam’s trade gap was nearly $4.9 billion, up 6.5 percent year on year.

Posted by VBN on May 18 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