Vietnam is estimated to have fetched US$51.306 billion from exported goods in the first eleven months of this year, down 11.6% from a year earlier.
In November, the country’s export value falls 6.49% on-month to US$4.7 billion, the government's General Statistics Office (GSO) said on November 30.
Gemstones and precious metals and cassava and its products are estimated to have posted the highest on-year export growth of 264% and 55.4% to US$2.7 billion and US$519 million during the eleven-month period, respectively.
Meanwhile, most of Vietnam’s major exports incur on-year value decreases such as apparel down 1.1% to US$8.18 billion, crude oil down 41.7% to US$5.77 billion, seafood down 6.2% to US$3.93 billion, footwear down 15.9% to US$3.57 billion and rice down 5.8% to US$2.56 billion.
During the Jan-Nov period, Vietnam is forecast to have spent US$61.723 billion on imports, representing an on-year fall of 17.8%, including US$6.67 billion in November, up 0.68% on-month, said the GSO.
As a result, the country’s trade deficit will be US$10.417 billion during the period, down from US$16.82 billion of the same period last year.
Vietnam’s import staples of machines and equipment, petroleum products, steel and iron and cloth are estimated to fall 10.3%, 45.3%, 24.4% and 6.9% on-year to US$10.61 billion, US$5.76 billion, US$4.9 billion and US$3.82 billion, respectively.
The Ministry of Industry and Trade has recently forecast Vietnam will earn US$56.5 billion from exports in 2009, down 9.9% on-year and spend between US$68 billion and US$69 billion on imports, down 15.44% and 14.2% on-year. (GSO)
Vietnamese
