Vietnamplus

Indonesia's trade balance with Russia and Ukraine was in deficit due to the ongoing war, head of the Statistics Indonesia (BPS) Margo Yuwono has stated.

Thailand's exports in January climbed 8 percent year-on-year thanks to the global economic recovery, an easing of the container shortage, and promotions by local authorities.

Vietnam reported a trade deficit of 3.91 billion USD in the first 15 days of February as exports decreased, the General Department of Customs has announced.

Export-import turnover hit 21.41 billion USD in the first half of February, according to the General Department of Vietnam Customs.

Vietnam posted a trade deficit of 500 million USD in the first month of 2022, according to the General Statistics Office (GSO).

Vietnam has been forecast to have 37 groups of commodities posting an export value of over 1 billion USD each in 2021, an increase of four groups compared to 2020, despite the complicated developments of the COVID-19 pandemic.

Vietnam posted a trade surplus of 225 million USD in the first 11 months of this year, ending the continual trade deficit that had lasted for nearly half a year due to the COVID-19 pandemic.

The goal of 600 billion USD in foreign trade is likely to be realised by the end of the year because by October 15, the national import-export turnover had exceeded 510 billion USD, according to Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Vietnam earned 3.15 billion USD from exporting goods to Cambodia in the first eight months of 2021, up 16.7 percent year-on-year.

Vietnam posted a trade deficit of 3.71 billion USD in the first eight months of 2021 as the country's imports rose 33.8 percent year on year to 216.26 billion USD while exports raked in 212.55 billion USD, up 21.5 percent, the General Statistics Office (GSO) announced on August 29.

The trade deficit between Indonesia and China is forecast to balance by 2024 thanks to an increase in exports of manufactured products, said Indonesian Trade Minister Muhammad Lutfi.

Laos recorded a trade deficit of 99 million USD in July, according to the country's trade portal. ​

Vietnam’s export in July dropped 0.8 percent as compared with the previous month to reach only 27 billion USD, according to the Ministry of Industry and Trade.

Despite trade deficit in the first half of 2021, experts still predicted that Vietnam will soon resume balance in the trade of goods thanks to the strong growth in production.

There is a great opportunity for Vietnam to promote its exports as global markets are showing signs of recovery, experts have said.

Vietnam’s export turnover of goods in the first six months of 2021 hit 157.63 billion USD, up 28.4 percent year-on-year, according to the General Statistics Office (GSO).

Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced.

Malaysia’s trade deficit in services increased to 47.4 billion RM (11.5 billion USD) in 2020, the highest deficit ever recorded, owing to the unprecedented COVID-19 pandemic that has significantly restrained economic activities globally.

In spite of the fact that the COVID-19 epidemic has affected production activities of enterprises at industrial parks, Vietnam’s total import and export turnover still sustained its growth momentum in the first five months. However, trade deficit also returned.

The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.