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Vietnam April trade deficit US$1.22 billion vs US$1.2 billion surplus in March - customs

Vietnam April trade deficit US$1.22 billion vs US$1.2 billion surplus in March - customs

FILE PHOTO: A woman rides a motorcycle as she passes containers at Hai Phong port, Vietnam September 25, 2018. REUTERS/Kham

HANOI: Vietnam reported a trade deficit of US$1.22 billion in April, swinging from a surplus of US$1.2 billion in March, government customs data released on Wednesday showed.

Exports in April fell 10.5per cent from March to US$26.55 billion, while imports were down 2.4per cent to US$27.77 billion, the Customs Department said in a statement.

For the first four months of this year, exports rose 29.6per cent from a year earlier to US$104.94 billion, while imports were up 31.8per cent to US$103.31 billion, resulting in a trade surplus of US$1.63 billion for the period, it said.

(Reporting by Khanh Vu; Editing by Ed Davies)

Source: Reuters

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