Data released on January 29 showed exports rose by 33.1% to
US$19 billion in January, while imports surged by 47.4% to US$19.3 billion as
a result of greater demand for manufacturing input and consumer goods ahead
of the Lunar New Year.
The GSO said that domestic enterprises ran a deficit of US$2.4
billion while the foreign sector recorded a surplus of US$2.1 billion.
China was the largest buyer of Vietnamese goods at a value of
US$4.5 billion, 2.5 times higher than the same period in 2017, while
Vietnam’s exports to the US and the European Union were US$3.5 billion and
US$3 billion respectively.
The world’s second largest economy led the way as the largest
source of Vietnam’s imports at US$5.7 billion, up 45.6% on the previous year.
Imports from the Republic of Korea and ASEAN followed in second
and third places, at US$4.2 billion and US$2.6 billion respectively.
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Source: NDO