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Dec 13, 2014 / 06:16

Trade deficit widening helps to rise export

The two-way trade turnover between Vietnam and the Republic of Korea (RoK) ticked up 4.3% on-year to US$26.19 billion in the eleven months leading up to December, according to the General Statistics Office (GSO).

Meanwhile, Vietnam exports to the RoK jumped modestly by 7.06% on-year to US$6.53 billion. Imports from the country tallied in at US$19.65 billion, posting a year-on-year increase of 3.4%.

During the 11 month period, the nation’s trade deficit with the RoK rose by US$13.1 billion.

Vietnam’s imports, valued at US$4.63 billion, principally consisted of computers, electronics and spare parts, while the RoK imported garments and textiles, seafood and wood related products.