China is the largest exporter to Việt Nam in January when the country reports a trade deficit of $100 million. Photo ndh.vn HÀ NỘI – Việt Nam reported an estimated trade deficit of US$100 million in January, according to the General Statistics Office (GSO). GSO said the country’s exports reached $19 billion in January, a year-on-year drop of 15.8 per cent while imports reached $19.1 billion, a reduction of 14.4 per cent. The domestic sector reported an estimated trade deficit of $2.4 billion while the foreign direct investment (FDI) sector posted a trade surplus of $2.3 billion. Goods that still witnessed increases included electronics, computers and components ($2.6 billion, up 5.6 per cent), and timber and wooden products ($1 billion, up 1.4 per cent). Meanwhile, the exports of textiles and garments dropped by 21 per cent to $2.6 billion, phones and their parts also worth $2.6 billion, down 22.4 per cent; and footwear worth $1.6 billion, down 9.7 per cent. This month, importers spent $3.7 billion on electronics, computers and parts, down 8.5 per cent from last January. They also spent $3.2 billion on machinery, equipment and components and $1.1 billion on phones and parts, as much as the reduction of… Read full this story
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