VIETNAM: Garments & Textiles lead surge in export revenue.
The country's export revenue in the first four months of the year surged 35.7 per cent over the same period last year to reach US$26.94 billion, the General Statistics Office estimated.
Egytex News Desk
Egytex
Exports in April reached $7.3 billion, roughly $1.4 billion lower than the previous month.
The office attributed the four- month figure to the high prices of many export staples, especially cassava that doubled in value against the same period last year, earning the country $515 million, in the first four months.
Garments and textiles were the country's largest earner in that time at nearly $3.93 billion, followed by crude oil at $2.46 billion.
The country, meanwhile, spent $31.83 billion on imports, up 29.1 per cent over the first four months of last year, pushing the national trade deficit to nearly $4.9 billion, up 6 per cent over the same period last year.
Import value for machines and equipment topped more than $4.68 billion, followed by petroleum at $3.58 billion and textile fabric at $2.11 billion.
The ministry expects the total export volume of rice to reach about 7 million tonnes this year.
Exports reached 675,000 tonnes in volume and $1.4 billion in value for the first four months.
From the Egytex news archive, first published on 27 April 2011. Figures and names are as reported at the time.
