Imports exceed exports in first quarter of 2015

The country’s total imports and exports exceeded US$75 billion in the first quarter of this year, up 14.3 percent over the same period last year,  reported by the General Department of Vietnam Customs last week.

Of which, total import and export turnover of foreign direct investment (FDI) businesses topped $48.19 billion, an increase of 22.6 percent compared to the same period last year, accounting for 64 percent of the country’s total imports and exports.
The country’s total export turnover reached $36.3 billion, up $2.93 billion compared to the same period last year with FDI businesses accounting for 67.5 percent of total export value. In the first three months of this year, cell phones, telephones, and accessories exports hit $6.7 billion; garments and textiles touched $4.9 billion; computers, electronic devices, and components were at $3.6 billion; footwear exports topped $2.6 billion; and vehicles and spare parts reached $1.3 billion.
Meanwhile, the country’s total imports in the first quarter of this year got $38.7 billion, 20.7 percent higher than that in the same period last year, with machines, instruments and spare parts imports leading the list with $7 billion, up $2.2 billion over the same period last year. Computers and components were the runner-up with $5.6 billion. Cell phones, telephones, and accessories came in third with $2.6 billion, followed by fabrics with 2.1 billion.

By Van Dieu – Translated by Thuy Doan

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