January 25, 2020 21:07

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Trade deficit reaches nearly 400 million USD in first half of October

19:28 | 28/10/2019

VCN - The trade surplus has been continuously increasing, while the trade balance suddenly reversed in the first half of October with a trade deficit of nearly 400 million USD.

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Progress of import and export in the first 15 days of October and accumulated from the beginning of the year to October 15. Units: "billion USD". Chart: T. Binh

According to the latest information from the General Department of Customs, in the first half of October (from October 1 to 15), the total import-export turnover of Vietnam reached nearly 21 billion USD.

In particular, exports reached 10.314 billion USD, while imports hit 10.683 billion USD. Thus, in the first half of October, the country had a trade deficit of 369 million USD.

However, accumulated from the beginning of the year, Vietnam still achieved a large trade surplus.

By October 15, the total import-export turnover of Vietnam reached more 403 billion USD.

Of which, total export turnover reached nearly 205 billion USD, total import turnover hit over 198 billion USD and trade surplus was over 6.8 billion USD.

In the first 15 days of October, there were 3 export commodity groups reaching over 1 billion USD, including telephones and components reaching 2.24 billion USD, thereby bringing the total turnover from the beginning of the year to over 41 billion USD.

Computers, electronic products and components reached nearly 1.44 billion USD and accumulated from the beginning of the year reached over 27 billion USD.

Textile and apparel are the 3rd billion USD group in the first half of October with a turnover of 1.2 billion USD, helping to increase the turnover from the beginning of the year to over 25.8 billion USD.

In the first half of this month, there are 2 groups of imports with a turnover of 1 billion USD or more: computers, electronic products and components with a turnover of over 2.18 billion USD, thereby raising the turnover from beginning of the year to over 40 billion USD.

Machinery, equipment, tools and spare parts reached more than 1.45 billion USD, thereby raising the turnover from the beginning of the year to over 28.3 billion USD.

In addition, a number of notable import items such as crude oil and cars continue to reach turnover and significant output.

Specifically, crude oil products reached 268,682 tons, turnover of nearly 122.77 million USD. Accumulated from the beginning of the year reached 6.84 million tons, turnover nearly 3.21 billion USD.

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In the first 15 days of October, Vietnam imported 7,917 cars of all kinds, with a total turnover of nearly 144.26 million USD. Thus, from the beginning of the year, the total number of imported complete cars reached 114,735 cars, with total turnover of over 2.53 billion USD.

By Thai Binh/ Phuong Thao