Vietnam’s exports hit US$61.34 billion in first four months

Saturday, 2017-04-29 10:48:27
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NDO - Vietnam exported goods worth an estimated US$61.34 billion in the first four months of 2017, up 15.4% year on year while imports surged 24.9% to US$64.07 billion, according to General Department of Customs.

In April alone, exports fell 3.2% from the previous month to 16.7 billion and imports dropped 4.6% to US$17.5 billion.

Main exports in the last four months were still phones, garments and electronic devices, which brought in US$11.37 billion, US$7.47 billion and US$7.27 billion respectively.

Other top-performing exports were footwear products at US$4.17 billion and equipment at US$4 billion, a surge of 38.8%.

Seafood exports also posted solid growth at 8.2% to US$2.1 billion for the January-April period, according to data from the Ministry of Agriculture and Rural Development.

On the import side, Vietnam’s major purchases were equipment and electronic devices which rose by 38.9% and 24.7% to US$11.32 billion and US$10.45 billion respectively.

The trade deficit in the first four months was nearly US$2.74 billion, equivalent to 2.2% the total export value.