July records another trade surplus (07/8)
07/08/2013 - 12 Lượt xem
High-tech exports increase
Statistics
from the Ministry of Industry and Trade show that export revenues
reached US$11.2 billion in July, a 1.7 percent increase from June and a
9.8 percent increase from last July. Export earnings amounted to almost
US$72.74 billion in the first seven months of this year, a 14.3 percent
increase from a year ago.
High-tech
exports increased progressively, with telephones and telephone
accessories leading Vietnamese exports with revenues of more than
US$11.6 billion and surpassing traditional exports such as textiles and
garments, crude oil and footwear. Telephones, electronic ware, computers
and accessories accounted for more than 20 percent of all export
earnings, contributing to total industrial processed export revenues of
US$50.55 billion, a 25.8 percent increase. Industrial processed exports
accounted for 69.5 percent of all export revenues.
Agricultural,
forest and seafood exports reached almost US$11.23 billion, reducing by
8.6 percent and accounting for 15.4 percent of all export earnings.
Fuel and mineral exports stood at almost US$5.76 billion, reducing by 15
percent and accounting for 7.9 percent of all export revenues, largely
due to the decline in price. The price of several exports fell sharply
such as cashew nuts, pepper, rice, rubber, fossil coal, crude oil,
gasoline and oil. The price of ore and other minerals dropped by 49.9
percent. For this reason export revenues reduced despite increased
volumes of many export items.
Exports
to Europe grew by 25.7 percent, accounting for 20.9 percent of all
export revenues. Exports to the European Union (EU) in particular
increased by 26.9 percent, accounting for 19 percent of all export
earnings. It was followed by America increasing by 17.8 percent, Oceania
up by 12.5 percent, Asia up by 11.4 percent (accounting for the largest
percentage of 51 percent of all export revenues) and Africa up by 9.7
percent (accounting for 1.6 percent).
Trade deficit will be lower than target
Import
purchases increased slightly in July reaching about US$11 billion and
increasing by 2.6 percent from June and 11.6 percent from a year ago. Of
this, imports from the foreign investment sector amounted to US$6.2
billion, increasing by 3.1 percent from June and 15.5 percent from last
July.
Imports
exceeded US$73.47 percent in the first seven months, a 15 percent
increase from the same period last year. Import of production materials
reached more than US$64.63 billion, a 14.8 percent increase, accounting
for 88 percent of all imports, proving that domestic production has
recovered. The importation of restricted goods increased by 15.7
percent, adversely affecting the balance of trade. Asia remained
Vietnam’s largest import market growing by 17 percent and accounting for
80.8 percent of all import purchases.
Experts
said that exports usually increased at the end of the year. The
Ministry of Industry and Trade expected that export revenues would reach
US$128 billion by the end of the year, an almost US$2 billion increase
from what was projected by the National Assembly. Imports would reach
US$133 billion, leading to a trade deficit of US$5 billion and
accounting for 3.9 percent of export revenues compared with the National
Assembly’s target of 8 percent./.
Source: VEN
