Earnings from key product exports fall in January

Vietnam’s trade value was estimated at $29.3 billion in January, down 13 percent from the previous month, according to the General Department of Customs.

Illustrative image (Source: VNA)

Of the figure, export turnover touched $14.6, dropping by 12 percent from December 2016, while import value was $14.7 billion, falling by 14 percent month-on-month.

Key products saw declines in export revenue included phones and components (down 7.1 percent); garments and textiles (down 10.8 percent); and computers, electronic products and spare parts (down 14.1 percent);

Footwear exports also suffered a fall of 10.2 percent, while earnings from machines and spare parts dropped by 12.9 percent.

The highest declines were seen in the export value of aquatic products, and wood and wooden furniture, with decreases of 16.2 percent and 17.3 percent, respectively.

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