A textile factory of the Quang Phu Textile and Garment JSC in Ninh Son district of Ninh Thuan province (Photo: VNA) Hanoi (VNA) – Vietnam’s trade revenue is estimatedat 125.41 billion USD in the first four months of 2017, a year-on-year increaseof 20.1 percent, said the General Department of Vietnam Customs.
It consists of 61.34 billion USD from exports,up 15.4 percent, and 64.07 billion USD from imports, up 24.9 percent from ayear earlier.
Key export commodities include telephones andcomponents, textile and garment, footwear, and transport vehicles and spareparts.
In April, overseas shipments of telephones andcomponents were about 3.6 billion USD, rising by 16.4 percent from the previousmonth. That added up to 11.37 billion USD in total exports of these items infour months, up 0.3 percent year on year.
Although this month’s exports of textile andgarment dropped 12 percent from March to 1.85 billion USD, it still posted anannual rise of 9.1 percent to 7.47 billion USD between January and April.
A monthly decline, 3.8 percent, was also recordedin footwear exports which stood at 1.05 billion USD in April. However, totalexports still went up 9.6 percent on the yearly basis to 4.17 billion USD.
Meanwhile, main import items were machinery,equipment, tools and spare parts, computers, electronic products andcomponents, fabric, steel, plastics, and garment and footwear materials.
In April, the import turnover of machinery,equipment, tools and spare parts fell 0.2 percent month on month to 3.25billion USD, which totalled 11.32 billion USD in four months – up 38.9 percentcompared to the same period last year.
About 2.85 billion USD was spent to importcomputers, electronic products and components in April, representing a4.6-percent monthly decrease. It is estimated at 10.45 billion USD in thefour-month period, hiking 24.7 percent year on year.
Some 1.6 million tonnes of steel worth 945million USD were imported this month, respectively increasing 8.7 percent and8.2 percent from March. The import volume has approximated 5.8 million tonnes,down 5.9 percent year on year, with turnover of 3.3 billion USD, up 24.7percent, since the beginning of 2017.
Vietnam experienced trade deficit of 800 millionUSD in April and nearly 2.74 billion USD in fourth months, Vietnam Customssaid.-VNA
VNA
