Vietnam imports fewer commodities in February

According to the Ministry of Industry and Trade, import of some commodities in February showed a decline.

Import of petroleum and oil declined by 22 percent in volume and 24 percent in value, over the same period last year, while import of liquid petroleum gas dropped by 32 in volume and 30 percent in value.

Among indispensable commodities, import of items for processing and exports by FDI companies continued to post robust growth. For instance, telephones and spare parts, except cell phones, soared 81.5 percent; wire and cable surged 30 percent; computers, electronic products, and components rose 36.6 percent.

Last month, import turnover of controlled goods was estimated at US$222 million, down 33.6 percent compared to the previous month, and 43.9 percent year-on-year.

Meanwhile, import of limited goods touched $400 million, a decrease of 35.7 percent over last month and 3.8 percent year-on-year. Import of automobiles with less than 9 seats and motorbikes fell by 37.8 percent and 33.2 percent, respectively.

By Ng.Quang – Translated by Thuy Doan

Other news