Viet Nam records trade deficit in first half of February

The nation’s total trade value in the first half of this month was $19.23 billion, an increase of 32 per cent compared to the second half of January and 3.3 per cent year on year, the general department reported.

Of which, the export value rose by 30 per cent year on year to $9.6 billion, including $6.78 million from foreign direct investment (FDI) enterprises.

Therefore, Viet Nam saw total export value increase by 5.4 per cent year on year to $27.86 billion for the period from January 1 to February 15. Of which, the export value of FDI enterprises was $18.5 billion.

Products gaining high growth rate in export value during this period included all kinds of telephones and their components; computers, electronic products and components; textiles; machinery, equipment, tools; and shoes.

Meanwhile, Viet Nam’s import revenue in the first half of February reached $9.62 billion, up 33.7 per cent compared to the second half of January, including $5.8 billion from FDI firms.

This figure brought the total import value to $28.27 billion in the period from the first day of this year until February 15, down 1.3 per cent year on year.

There were two groups of goods with import value of more than $1 billion in the first half of February, including computers, electronic products and their components ($2.3 billion) and the group of other machines, equipment, tools and spare parts ($1.3 billion), said the general department.