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Vietnam’s trade gap from China at nearly $4b in Jan-Apr

Vietnam’s import spending in April is estimated at $8.7 billion, down 1.8 percent against March, of which, the import of local and foreign invested firms were at $4.8 billion and $3.9 billion respectively, Ministry of Industry and Trade (MoIT) reported.

Totally, in Jan-Apr, the country’s import value is estimated at $31.83 billion.

Meanwhile, Vietnam’s export turnover in April reached $7.3 billion, falling 2.0 percent month on month, of which, the export turnover of local and foreign-invested firms fetched $2.9 billion and $4.4 billion respectively. Thus, the country’s export turnover in Jan-April reached 26.94 billion, rising 35.7 percent year-on-year.

Thus, according to the ministry, the country’s trade gap in April is estimated at $1.4 billion, accounting for 19.2 percent of the export turnover, and the overall trade deficit in Jan-April is estimated at $4.9 billion, accounting for 18.2 percent of the country’s total export turnover.

Except crude oil, Vietnam’s trade deficit was up to $1.15 billion, of which, foreign invested enterprises (FIEs) posted a trade surplus of over $1.3 billion.

Notably, the ministry said Vietnam’s trade deficit from China was nearly $4 billion in Jan-April.

From VietNamBusiness

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