Vietnam Runs $3.85 Billion Trade Gap Year to Nov. 15

Tuan Minh

10:24 20/11/2015

BizLIVE - Vietnam recorded a trade deficit of $272.8 million in the first half of November, leading to a gap of $3.85 billion in the year to November 15.

Vietnam Runs $3.85 Billion Trade Gap Year to Nov. 15

A view of Hai Phong Port in northern Vietnam. (Photo:

In the first fortnight of this month, the country’s exports slid 1.3% year-on-year to $6.49 billion while its imports picked up 3.77% to $6.77 billion, resulting in a trade gap of $272.78 million, the General Department of Vietnam Customs said in a report released Thursday.
In the year to mid-November, Vietnam shipped $140.87 billion worth of goods abroad while spending $144.73 billion on imports, leading to an accumulate deficit of $3.855 billion, according to the department.
Mobile phones and spare parts remain the country’s largest export staple, bringing $26.96 billion to Vietnam. Exports of apparel products came second with $19.71 billion, followed by computer, electronic and spare parts with $13.51 billion.
The country, meanwhile, spent $24.03 billion on importing machinery, equipment and spare parts, $20.41 billion on computer, electronic and spare parts, and $8.83 billion on purchasing cloth.