Trade deficit estimated at 900 million USD in February 2019
Vietnam saw a trade deficit of nearly 900 million USD in February 2019, according to the General Department of Customs.
Workers at a garment-textile export firm in Vietnam (Photo: VNA)
During the month, the country’s total export-import turnover reached 30.1 billion USD, down 30.5 percent against the previous month.
Exports were estimated at 14.6 billion USD, down 33.9 percent; while imports stood at 15.5 billion USD, down 27.1 percent.
In the first two months of this year, the total export-import turnover hit 73.44 billion USD, a year-on-year rise of 6.7 percent.
Of which, exports increased 5.9 percent to 36.68 billion USD and imports rose 7.5 percent to 36.76 billion USD, causing a trade deficit of 84 million USD.
High export growth was seen in machinery, equipment, and components (up 19.3 percent); garment-textiles (up 19 percent); and footwear (up 18.4 percent).
During January-February, the country mainly imported fabrics of all kinds worth 2.1 billion USD (up 16 percent); machinery, equipment, and spare parts worth 5.56 billion USD (up 14.6 percent); and computers, electronic products, and components worth nearly 7.5 billion USD (up 11.4 percent).
