Vietnam's trade deficit was estimated to have reached 3.37 billionUSD in the first seven months of 2015, 300 million USD more than 3.07billion USD in the year’s first half, the General Statistics Office(GSO) reported on July 27 in Hanoi.
The office said imports showed an upward trend during the first seven months while exports remained unchanged.
Vietnam'stotal import value in the first seven months was estimated to haveincreased by 16.4 percent year-on-year to 95.64 billion USD.
The imports mainly included machines, components and equipment for production and exports.
Theimport value registered a year-on-year surge of 35.1 percent formachines, equipment, tools and components to reach 16.56 billion USD; 35percent for telephone and its components to reach 6.12 billion USD;34.5 percent for electronic products, computer and their components toreach 13.89 billion USD; and 15.1 percent for steel to reach 4.66billion USD.
Meanwhile, auto imports showed a strong increase of97.9 percent in value to reach 3.41 billion USD against the same periodduring last year.
The largest importer for Vietnam goods wasChina with a total import value of 28.8 billion USD in the first sevenmonths, a year-on-year surge of 22.5 percent. Other large importersincluded ASEAN, Japan, the EU and the US.
The GSO reported thatVietnam's export value was expected to show a year-on-year surge of 9.5percent to 92.27 billion USD in the first seven months of 2015.
Theexport value growth was not high in the seven months because exportvalue of the domestic economic sector registered a plunge of 1.7 percentto 27.57 billion USD against the same period of last year.
Meanwhile,the foreign direct invested (FDI) enterprises contributed 64.69 billionUSD to the total national export value in the first seven months, asurge of 15.1 percent.
Value of key export products saw a fallin both, volume and value, compared with the same period of last year,due to high competition in the world market. They included coffee (down33 percent to 1.65 billion USD), rice (down 8.7 percent to 1.59 billionUSD), seafood (down 15 percent to 3.62 billion USD) and crude oil (down47.1 percent to 2.45 billion USD).-VNA
The office said imports showed an upward trend during the first seven months while exports remained unchanged.
Vietnam'stotal import value in the first seven months was estimated to haveincreased by 16.4 percent year-on-year to 95.64 billion USD.
The imports mainly included machines, components and equipment for production and exports.
Theimport value registered a year-on-year surge of 35.1 percent formachines, equipment, tools and components to reach 16.56 billion USD; 35percent for telephone and its components to reach 6.12 billion USD;34.5 percent for electronic products, computer and their components toreach 13.89 billion USD; and 15.1 percent for steel to reach 4.66billion USD.
Meanwhile, auto imports showed a strong increase of97.9 percent in value to reach 3.41 billion USD against the same periodduring last year.
The largest importer for Vietnam goods wasChina with a total import value of 28.8 billion USD in the first sevenmonths, a year-on-year surge of 22.5 percent. Other large importersincluded ASEAN, Japan, the EU and the US.
The GSO reported thatVietnam's export value was expected to show a year-on-year surge of 9.5percent to 92.27 billion USD in the first seven months of 2015.
Theexport value growth was not high in the seven months because exportvalue of the domestic economic sector registered a plunge of 1.7 percentto 27.57 billion USD against the same period of last year.
Meanwhile,the foreign direct invested (FDI) enterprises contributed 64.69 billionUSD to the total national export value in the first seven months, asurge of 15.1 percent.
Value of key export products saw a fallin both, volume and value, compared with the same period of last year,due to high competition in the world market. They included coffee (down33 percent to 1.65 billion USD), rice (down 8.7 percent to 1.59 billionUSD), seafood (down 15 percent to 3.62 billion USD) and crude oil (down47.1 percent to 2.45 billion USD).-VNA
