The nation’s export turnover decreased in July as exports of major items saw standstills or slight increases.
Accordingto the General Statistics Office, the country earned 5.8 billion USDfrom exports in July, eight percent less than in June, after twoconsecutive months of increases.
Gems and gem products dropped from 547 million USD in June to 15 million USD in July.
Other items with large decreases in July were coal, crude oil and footwear.
Exportsof garment and textiles and agro-forestry products and seafoodincreased slightly with the highest increase obtained by cashew nuts (up5.2 percent over June).
However, the export value of the firstseven months of the year hit 38.3 billion USD, a year-on-year increaseof 17.5 percent thanks to robust increases in previous months.
Alsoin seven months, the country imported 45.7 billion USD worth in goodsand services, a year-on-year increase of 25.5 percent, bringing thetrade deficit to 7.4 billion USD, equal to 19.3 percent of the totalexport turnover.
The foreign-invested sector had the highestimport growth of 46.4 percent. Cotton, metal and means of transport weremostly imported.
In order to boost exports and restrict thetrade deficit, the Ministry of Industry and Trade asked sectors toaccelerate measures to strengthen exports, expand markets and developpotential markets, with a focus on agriculture and seafood.
Theministry also told enterprises to take advantages of free trade areaagreements and boost export of staples with high values, which are notrestricted in volumes - like electronics, technology and engineering./.
Accordingto the General Statistics Office, the country earned 5.8 billion USDfrom exports in July, eight percent less than in June, after twoconsecutive months of increases.
Gems and gem products dropped from 547 million USD in June to 15 million USD in July.
Other items with large decreases in July were coal, crude oil and footwear.
Exportsof garment and textiles and agro-forestry products and seafoodincreased slightly with the highest increase obtained by cashew nuts (up5.2 percent over June).
However, the export value of the firstseven months of the year hit 38.3 billion USD, a year-on-year increaseof 17.5 percent thanks to robust increases in previous months.
Alsoin seven months, the country imported 45.7 billion USD worth in goodsand services, a year-on-year increase of 25.5 percent, bringing thetrade deficit to 7.4 billion USD, equal to 19.3 percent of the totalexport turnover.
The foreign-invested sector had the highestimport growth of 46.4 percent. Cotton, metal and means of transport weremostly imported.
In order to boost exports and restrict thetrade deficit, the Ministry of Industry and Trade asked sectors toaccelerate measures to strengthen exports, expand markets and developpotential markets, with a focus on agriculture and seafood.
Theministry also told enterprises to take advantages of free trade areaagreements and boost export of staples with high values, which are notrestricted in volumes - like electronics, technology and engineering./.
