Vietnam’s import-export revenue rises 14.4 percent in four months
Total import-export revenue in the first four months of 2018 is estimated at 144.13 billion USD, up 14.4 percent year on year, according to the General Department of Vietnam Customs.
Hanoi (VNA)– Total import-export revenue in the first four months of 2018 is estimated at 144.13billion USD, up 14.4 percent year on year, according to the General Departmentof Vietnam Customs.
Of the figure,Vietnam’s export value is likely to reach 73.76 billion USD, a rise of 19percent over the same period last year, while import value is calculated at70.37 billion USD, an increase of 10.1 percent.
The highest growth wasseen in the export earnings of telephone and spare parts at 36.8 percent to hit13.42 billion USD, followed by garment products at 15.7 percent, computers,aquaculture products at 13 percent and electronic products and parts 10.83percent.
Meanwhile, the valueof imported computer, electronic products and parts rose 22.3 percent to 13.42billion USD, while that of machineries, equipment and spare parts dropped 7.4percent to 10.16 billion USD.
Imports of telephoneand spare parts increased 9.8 percent to 4.42 billion USD, and that of fabricof all kinds was up 10 percent year on year to 3.66 billion USD.
In April alone, totaltrade revenue of the country is estimated at 35.7 billion USD, a drop of 10.8percent compared to the previous month. Exports showed a reduction of 13.9percent on a monthly basis to 18.2 billion USD, and imports in the month alsofell 7.3 percent month on month to 17.5 billion USD.
As a result, tradesurplus in April is estimated at 700 million USD, raising the surplus for theJanuary-April period to 3.39 billion USD.-VNA
Vietnam saw a trade deficit of 300 million USD in March, equivalent to 1.2 percent of the country’s total export- import turnover, according to the General Statistics Office (GSO).
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Vietnam’s import-export revenue amounted to 57.12 billion USD from the beginning of 2018 to mid-February, up 37.2 percent compared to the same period last year.
Total import-export revenue of Vietnam is estimated at 38.8 billion USD, a surge of 36.8 percent over the previous month, according to the General Department of Vietnam Customs.
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Illustrative image (Source: VNA) 
