Vietnam’s export revenues reached 6.45 billion USD in November, bringing the figure for the January-November period to almost 64.3 billion USD, a year-on-year rise of 24.5 percent, reported the General Statistics Office (GSO).
The November figure is the highest this year excluding stone and precious metals’ export revenues.
It is noteworthy that 16 export staples registered at least 1 billion USD in revenues compared to 12 in the past few years. Electric wires and cables, cashew nuts and petroleum entered this list for the first time while plastic and steel are expected to join the group by the end of the year.
The GSO said that many export items are forecast to surpass the yearly export plan.
Textiles and garment export turnover fetched more than 10 billion USD in the past 11 months, a year-on-year rise of 22.6 percent, and the yearly earning is predicted at 11 billion USD, 500 million USD more than the scheduled plan.
Timber earned more than 3 billion USD in the reviewed period, a year-on-year rise of 33 percent.
Other staples recording high export value included rubber with almost 2 billion USD (up 92.8 percent); electric wires and cables with 1.18 billion USD (up 53 percent); and electronic appliances and computers with more than 3.2 billion USD (28.5 percent).
However, the nation’s imports showed a rising trend again, reaching 7.7 billion USD in November, bringing its total import value of the first 11 months to 74.9 billion USD. As a result, the trade deficit hit 10.7 billion USD in the past 11 months, equal to 16.7 percent of the country’s export revenues.
Experts said although trade deficit still stayed below the Government’s permitted level of 20 percent of export, it will impact on the macro economy in the remaining month of the year in the context of high inflation and exchange rate and prolonged trade imbalance./.
The November figure is the highest this year excluding stone and precious metals’ export revenues.
It is noteworthy that 16 export staples registered at least 1 billion USD in revenues compared to 12 in the past few years. Electric wires and cables, cashew nuts and petroleum entered this list for the first time while plastic and steel are expected to join the group by the end of the year.
The GSO said that many export items are forecast to surpass the yearly export plan.
Textiles and garment export turnover fetched more than 10 billion USD in the past 11 months, a year-on-year rise of 22.6 percent, and the yearly earning is predicted at 11 billion USD, 500 million USD more than the scheduled plan.
Timber earned more than 3 billion USD in the reviewed period, a year-on-year rise of 33 percent.
Other staples recording high export value included rubber with almost 2 billion USD (up 92.8 percent); electric wires and cables with 1.18 billion USD (up 53 percent); and electronic appliances and computers with more than 3.2 billion USD (28.5 percent).
However, the nation’s imports showed a rising trend again, reaching 7.7 billion USD in November, bringing its total import value of the first 11 months to 74.9 billion USD. As a result, the trade deficit hit 10.7 billion USD in the past 11 months, equal to 16.7 percent of the country’s export revenues.
Experts said although trade deficit still stayed below the Government’s permitted level of 20 percent of export, it will impact on the macro economy in the remaining month of the year in the context of high inflation and exchange rate and prolonged trade imbalance./.
