Viet Nam sees trade deficit of about US$2 billion in the first half of January

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Chart by Thai Binh

The import and export turnover in the first half of January plunged compared with the second half of December 2021.

The export turnover reached US$12.95 billion, sharply decreasing by US$6 billion. In the first half of the month, four export commodities with a turnover worth US$1 billion or more include mobile phone and components at US$1.85 billion; computers, electronic products and components at US$1.58 billion; textiles at US$1.44 billion; machinery and equipment at nearly US$1.4 billion.

The import turnover fell about US$1.5 billion to US$14.6 billion compared with the second half of December, 2021.

The import turnover of two commodity groups including computers, electronic products and components; machinery and equipment reached US$3.5 billion and US$1.95 billion, respectively.

Thus, the country has a trade deficit of US$1.65 billion, in contrast to the trade surplus of US$2.6 billion in the second half of December 2021.

In 2021, the country's import-export turnover recorded US$600 billion for the first time.