Vietnam runs US$5.9 billion trade deficit with SEA region
VOV.VN - The value of trade between Vietnam and the Southeast Asia region increased 18.8% to US$49.4 billion last year, of which exports accounted for US$21.7 billion (up 10.4%) and imports US$27.7 billion, up 14.9% on the previous year.
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Vietnam’s primary sources of imported products were Thailand, Indonesia, Singapore, and Malaysia. Imports from Thailand jumped 16.3% to an estimated value of US$10.3 billion, with trade dominated by products such as machines, equipment and tools (US$944 million), petroleum (US$910 million), fruit and vegetables (US$866 million), plastic materials (US$639 million), computers and components (US$621 million), and chemicals (US$372 million).
Meanwhile, imports from Malaysia surged by 10% to US$5.7 billion with key products being petroleum (US$1.18 billion), computers and electronic products (US$1.10 billion), machines, and tools and equipment (US$643 million).
Imports from Singapore are estimated at US$5.3 billion, up 11.5% on the previous year, with petroleum imports accounting for 42% at US$2.2 billion.
Vietnam also bought more than US$1 billion worth of products from Cambodia, a year-on-year rise of 41.4%, with key products being wood and timber goods, cashew nuts, and rubber.
