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Trade - Service
Jul 21, 2018 / 18:34

Vietnam returns to post trade deficit of US$879 million in first half of July

Ngoc Thuy

Vietnam`s trade surplus went down to US$2.54 billion from the previous number of US$3.36 billion recorded 15 days ago.

In the first 15 days of July, Vietnam saw a trade deficit of US$879 million, however, the country's trade balance remains in the black at US$2.54 billion, according to the General Department of Vietnam Customs (GDVC).
 
Source: GDVC.
Source: GDVC.
During this period, Vietnam's total import - export turnover reached US$17.56 billion, down 11.5% or US$2.28 billion compared to the last half of June. 

Of the total, the export turnover stood at US$8.34 billion, down 19.4% year-on-year or US$2.01 billion compared to the last 15 days of June, while import value was US$9.22 billion, down 2.8% or US$263 million. 

Compared to the last half of June, exports in the first 15 days of July saw a sharp decrease in a number of goods, including phones and spare parts; computers, electronic devices and accessories; equipment and related components; textile and garment; and footwear.

Meanwhile, Vietnam also imported less computers, electronic devices and accessories; petroleum products; and animal feed.
 
Source: GDVC.
Year to July 15, Vietnam's trade revenue climbed 12.2% year-on-year or an increase of US$25.43 billion to US$242.45 billion. Of which, the country's exports reached US$122.5 billion, up 15% or US$16.01 billion year-on-year, while imports rose to US$119.96 billion, representing an increase of 9.5% or US$10.42 billion year-on-year. 

In the first half of July, the FDI sector's trade turnover amounted to US$11.29 billion, down 11.9% or US$1.52 billion as recorded over the last 15 days of June. 

Overall, the sector's trade value as of July 15 jumped to US$156.1 billion, up 11.4% year-on-year or US$16.01 billion. This resulted in a trade surplus of US$29 million in the first half of July and US$15.11 billion as of July 15.

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