Vietnam’s import-export revenue rises 14.4 per cent in four months

April 29, 2018 | 11:04

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Vietnam's total import-export revenue in the first four months of 2018 is estimated at $144.13 billion, up 14.4 per cent year on year, according to the General Department of Vietnam Customs.

vietnams import export revenue rises 144 percent in four months

Illustrative image. Source: VNA

Of the figure, Vietnam’s export value is likely to reach $73.76 billion, a rise of 19 per cent over the same period last year, while import value is calculated at $70.37 billion, an increase of 10.1 per cent.

The highest growth was seen in the export earnings of telephone and spare parts at 36.8 per cent to hit $13.42 billion, followed by garment products at 15.7 per cent, computers, aquaculture products at 13 per cent and electronic products and parts 10.83 per cent.

Meanwhile, the value of imported computer, electronic products and parts rose 22.3 per cent to $13.42 billion, while that of machineries, equipment and spare parts dropped 7.4 per cent to $10.16 billion.

Imports of telephone and spare parts increased 9.8 per cent to $4.42 billion, and that of fabric of all kinds was up 10 per cent year on year to $3.66 billion.

In April alone, total trade revenue of the country is estimated at $35.7 billion, a drop of 10.8 per cent compared to the previous month. Exports showed a reduction of 13.9 per cent on a monthly basis to $18.2 billion, and imports in the month also fell 7.3 per cent month on month to $17.5 billion.

As a result, trade surplus in April is estimated at $700 million, raising the surplus for the January-April period to $3.39 billion.

VNA

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