The trade deficit in the first half of the year was at $685 million, a 10 percent rise over the same period last year, reported the General Statistics Office (GSO) on Friday.
Goods are handled at Cat Lai Port in HCM City. |
During the first six months import value saw a year-on-year increase of 6.9 percent to $53.812 billion, while export value surged 22.2 percent to $53.127 billion, said Thuy.
The foreign direct investment (FDI) sector gained the highest export value at $32.65 billion, seeing an increase of 37.3 percent compared with the same period last year. Meanwhile, the domestic sector saw a year-on-year rise of 4 percent to $20.47 billion.
Export value for telephones and components achieved the highest export growth rate of 129 percent for the first half, to $4.69 billion.
Other products gained high increases in export value of 30 percent to $685 million for cashew nuts, a 24.4 percent rise to $2.22 billion for wood and wooden products, a 12.5 percent increase to $3.83 billion for crude oil and a 8.7 percent rise to $6.76 billion for textiles and garments.
Meanwhile, the import value for the FDI sector increased by 26.1 percent to $27.98 billion in the first six months as the sector continued to witness high growth in production and exports. The domestic sector saw a fall in import value of 8.2 percent to $25.82 billion against the same period of last year.
Many products that rely on imports of materials for production saw falls in import value, by 34.1 percent to $1.35 billion for autos, 29.9 percent to $440 million for cotton, 13 percent to $1.22 billion for animal feed and 10 percent to $644 million for fertiliser.
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