Vietnam - September trade deficit hits $100 million

Vietnam’s trade deficit in September is estimated at $100 million, despite a $51 million export surplus in August, according to the latest statistics.

Vietnam earned about $9.7 billion from exports in September, $600 million lower than in August, while its imports reached $9.8 billion.

Statistics show that export revenues hit $83.789 billion in the first eight months of this year, a year-on-year increase of 18.9 per cent. The country’s total import turnover was $83.75 billion, up 6.6 percent compared to the previous year.

As a result, Vietnam’s nine-month trade surplus fell to $34 million from $134 million in the first eight months.

Many exported commodities earned over $1 billion, including garments ($11.25 billion); telephones and spare parts ($8.55 billion), crude oil ($6.34 billion), seafood ($4.14 billion), and computers and electronics ($5.36 billion).

The foreign-invested sector fetched $6.35 billion from exports, including crude oil, bringing its nine-month export value to $52.49 billion, accounting for more than 62 per cent of the national total.

VOV

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