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Vietnam Feb trade deficit at $2.33 bln after imports jump: statistics office

Vietnam Feb trade deficit at $2.33 bln after imports jump: statistics office

Monday, February 28, 2022, 10:55 GMT+7
Vietnam Feb trade deficit at $2.33 bln after imports jump: statistics office
A man checks steel quality at Hoa Phat steel mill in Hai Duong province, Vietnam June 14, 2016. Photo: Reuters

Vietnam recorded a trade deficit of $2.33 billion in February after imports rose more sharply than exports, government data released on Monday showed.

Exports in February rose 13.2% from a year earlier to $22.95 billion, while imports gained 21.9% to $25.28 billion, the General Statistics Office (GSO) said in a report.

For the first two months of 2022, exports increased 10.2% from a year earlier to $53.79 billion, while imports were up 15.9% to $54.73 billion, translating into a trade deficit of $940 million, according to the report.

Vietnam's industrial production index in February rose 8.5% from a year earlier, the GSO said, adding that consumer prices in the month rose 1.42% year on year.

Vietnam recorded a trade deficit of $2.33 billion in February after imports rose more sharply than exports, government data released on Monday showed.

Exports in February rose 13.2% from a year earlier to $22.95 billion, while imports gained 21.9% to $25.28 billion, the General Statistics Office (GSO) said in a report.

For the first two months of 2022, exports increased 10.2% from a year earlier to $53.79 billion, while imports were up 15.9% to $54.73 billion, translating into a trade deficit of $940 million, according to the report.

Vietnam's industrial production index in February rose 8.5% from a year earlier, the GSO said, adding that consumer prices in the month rose 1.42% year on year.

Reuters

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