The country had a trade deficit of nearly USD2.7 billion in the first half. (Photo: VNA)
Of this, exports of foreign-invested enterprises made up 70.8% of the total (excluding crude oil), valued at USD69.26 billion, up 20.6%, while if including crude oil, the figure was 70.82 billion, up about 20%.
Meanwhile, export turnover of domestic enterprises reached USD26.96 billion, up 13.8%.
The sharp increase mainly came from rising prices of some commodities, such as petrol and oil, crude oil, cashew, iron and steel, rubber and coal.
Notably, Vietnam’s exports to China soared 42.5%, much higher than the import growth rate of the market (about 16.8%), that helped the trade balance deficit between the two countries narrow compared to the previous time.
The ministry’s statistics showed the total import turnover of the country in the six months posted about USD100.47 billion, up 24.1% over a year earlier. Of this, imports of FDI enterprises reached USD60.6 billion, up 28.3% or occupying 60.3% of the total.
With these results, the country’s total export and import turnover amounted to nearly USD200 billion in the first half.
However, due to dependence on input materials, Vietnam still had a trade deficit of nearly USD2.7 billion during the period, accounting for 2.75% of the export turnover./.