Vietnam registers US$100 million deficit in January

Thursday, 2020-01-30 10:06:08
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The US remains the largest buyer of Vietnamese goods, purchasing US$4.8 billion in January.
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NDO - Vietnam posted a trade deficit of US$100 million in the first month of 2020, the General Statistics Office has reported.

Exports during January fell 15.8% from the previous month to an estimated US$19 billion, with the domestic sector having shipped US$6.31 billion worth of goods abroad, down 23.1%.

The foreign sector, in the meantime, recorded total revenue of US$12.69 billion, including oil revenue, a decrease of 11.6%.

The United States remained the largest buyer of Vietnamese goods, purchasing US$4.8 billion in January, followed by China and the EU with US$3.7 billion and US$2.6 billion, respectively.

Vietnamese exports to ASEAN and Japan were both at US$1.6 billion while exports to the Republic of Korea reached US$1.3 billion.

On the opposite side, Vietnam imported US$19.1 billion worth of goods in January, down 14.4% compared with the previous month.

Imports by the domestic and foreign sectors dropped 17.7% and 11.3%, respectively.

China was the largest source of Vietnam’s imports, with an estimated US$6.2 billion in the first month of 2020, followed by the Republic of Korea and ASEAN at US$3.2 billion and US$2.4 billion, respectively.

Vietnam imported US$1.5 billion worth of goods from Japan and US$1.2 billion each from the EU and the United States.