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Total export turnover up 33.7 percent in eight months

Vietnam’s total export turnover in the first eight months of 2011 reached an estimated USD 60.8 billion, a year-on-year increase of 33.7 percent, reported the General Statistics Office.

Export turnover for the domestic economic sector was posted at USD 28.1 billion, representing 46.2 percent of that of the country and up 32.6 percent compared to the same period of last year. In August alone, the country’s export turnover was USD 8.3 billion, down 10.9 percent from the previous month.

Garment and textiles is the only commodity achieving an export turnover of more than USD 1 billion in August. Some other major export commodities had high export turnover such as, crude oil with USD 750 million, seafood with USD 590 million and rice with USD 284 million. In particular, total export turnover of gemstones and precious metals only reached USD 200 million in August, down 82 percent from the previous month.

Total import turnover over the past eight months was posted at approximatley USD 67.02 billion, a year-on-year increase of 25.4 percent. The domestic economic sector had an import turnover of USD 36.9 billion, as much as 55 percent of the total import turnover. In August, the country saw an import turnover of USD 9.1 billion, up 10.7 percent from July.

On the whole, in the first eight months of 2011, the country had a trade gap of USD 6.22 billion, accounting for 10.23 percent of the total export turnover./.

Source: CPV