Vietnam reports $2.13 billion trade deficit with ASEAN

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vietnam_trade1Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18.

Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached $29.57 billion, accounting for 15.4 per cent of the country’s total import-export revenue.

Vietnamese businesses earned nearly $1.53 billion from exports to ASEAN in September alone, down 4.3 per cent from the previous month. But their nine-month exports to ASEAN markets rose 11.1 per cent to $13.72 billion compared to the same period in 2012, according to the statistics.

Vietnam’s ASEAN imports were worth $1.8 billion in September and a cumulative $15.85 billion in 2013 so far, a slight 2.6 per cent increase on the first three quarters of 2012.

Malaysia was Vietnam’s largest ASEAN trade partner during the reviewed period, followed by Thailand, Singapore, and Indonesia.

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Reading Time: 1 minute

Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18.

Reading Time: 1 minute

vietnam_trade1Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18.

Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached $29.57 billion, accounting for 15.4 per cent of the country’s total import-export revenue.

Vietnamese businesses earned nearly $1.53 billion from exports to ASEAN in September alone, down 4.3 per cent from the previous month. But their nine-month exports to ASEAN markets rose 11.1 per cent to $13.72 billion compared to the same period in 2012, according to the statistics.

Vietnam’s ASEAN imports were worth $1.8 billion in September and a cumulative $15.85 billion in 2013 so far, a slight 2.6 per cent increase on the first three quarters of 2012.

Malaysia was Vietnam’s largest ASEAN trade partner during the reviewed period, followed by Thailand, Singapore, and Indonesia.

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