Home » Trade » Trade deficit hits US$547 million in March

Vietnam’s trade turnover was estimated at more than US$22.6 percent in March (up 57.1 percent), including US$11.57 billionTrade deficit hits US$547 million in March in import value (up 59.9 percent) compared to the February figures.The General Department of Vietnam Customs said total exports earned US$11.03 billion (up 54.3 percent).

In the last two weeks of March alone, the trade deficit reached US$460 million, accounting for 8.7 percent of export earnings in this period.

As a result, Vietnam’s total trade turnover in the first quarter hit US$29.76 billion, showing a year-on-year increase of 19.8 percent.

Imports in the first three months were valued at US$29.49 billion (up 17.7 percent) compared the same period last year.

The direct foreign investment (FDI) sector boasted US$16.06 billion, or 54.5 percent of the country’s total import value, representing a year-on-year increase of 24.7 percent.

(VOV)

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