April marks severe drop in import-export turnover

24-Apr-2020 Intellasia | VOV | 6:02 AM Print This Post

Vietnam’s import and export turnover during the first half of April suffered a sharp drop of $7 billion in comparison with figures from the second half of March, of which the country recorded a trade deficit of approximately $1.3 billion, according to the general Department of Vietnam Customs.

During the reviewed period, export turnover endured a plunge of over $4.7 billion to nearly $8.26 billion from the second half of March, while import revenue also fell by $2.3 billion to roughly $9.54 billion.

Despite recording a trade deficit of close to $1.3 billion during the first half of April, the country enjoyed a trade surplus of approximately $2.5 billion as a result of the large trade surplus that occurred during the year’s first quarter.

Most notably, there are two categories of export commodities that have been enjoying turnover of over $1 billion in recent times. These include phones and their components, along with computers, electronic products and their components that have a total value of nearly $1.3 billion and $1.5 billion, respectively.

With regard to imports, the nation also posted two groups of commodities that have an import turnover of over $1 billion, including computers, electronic products and their components, machines, equipment, tools, and spare parts.

These large figures can be seen in imports of computers, electronic products and their components which are estimated to be close to $1.9 billion, whilst imports of machinery, equipment, tools, and spare parts reached over $ 1.5 billion.



Category: Economy, Vietnam

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