Vietnam’s trade deficit with RoK reaches US$8 billion
(VOV) -Bilateral trade between Vietnam and the Republic of Korea (RoK) hit US$15.12 billion in the first seven months of this year, according to The Ministry of Industry and Trade (MoIT).
Vietnam’s exports to RoK contributed US$3.57 billion to the total, while its imports amounted to US$11.55 billion.
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After 20 years of maintaining cooperation and trade exchange, Vietnam has always faced import surplus from the RoK.
In the reviewed period, the country’s trade deficit jumped to nearly US$8 billion, US$2 billion lower than the 2012 level. Last year’s two-way trade turnover achieved US$21.1 billion, including US$5.6 billion from exports and US$15.5 billion from imports.
Vietnam’s Korean major imports included mobile phone, garments and textiles, computer and spare parts, leather, iron, steel and plastic materials.