ID :
42410
Fri, 01/23/2009 - 20:07
Auther :
Shortlink :
http://m.oananews.org//node/42410
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Import and export turnover drops
Hanoi (VNA) - Vietnamese export turnover in January is expected to reach about 3.8 billion USD, down 18.6 percent from December and 24.2 percent over the same month of last year, according to the General Statistics Office (GSO).
In January, export turnover from the foreign direct investment sector (FDI) reached
2.1 billion USD, down 25.9 percent from last year. The State-owned sector earned 1.7
billion USD, down 21.9 percent from one year ago.
According to GSO experts, the drop in price of Vietnamese export goods is the main
reason for the fall in earnings this month.
In January, the price of 23 out of Vietnam 's 25 exported products fell sharply.
The price of crude oil decreased by 57.7 percent: the price of rubber dropped by 43
percent and the price of pepper was down 20 percent from a year ago, according to
GSO experts.
Major export markets such the United States , the EU and Japan have reduced
their orders because of sinking demand, the GSO said.
The rice and gemstone markets were the only sectors to register higher prices and
export turnover this month.
More than 300,000 tonnes of rice were exported from Vietnam this month, bringing
in 130 million USD, up by 152.8 percent.
Export turnover of gemstones reached 130 million USD, six times more than January 2008.
The volume of exported crude oil increased by 12.4 percent to 1.38 million tonnes
but turnover from crude oil sunk by 52.4 percent compared with the same month last
year.
Export turnover from garments, seafood and foot wear dropped by 33.2 percent, 18.6
percent and 26 percent, respectively.
Similar to the export situation, import turnover in the first month of the year fell
by 44.8 percent to 4.1 billion USD.
This month, the State-owned economy spent a modest 2.8 billion USD on imports, while
FDI companies, 1.3 billion USD. This month's figures for both sectors fell by 46.4
percent and 41.1 percent from January 2008, respectively.
Because of poor import turnover, the country's trade deficit in January 2009 was 300
million USD - one-eighth of the level for the same period last year, with falling
prices cited as the main cause.
The GSO said that domestic companies have cut down on production, resulting in a
decreased demand for imports of raw materials. Oil, gas and steel have seen the
sharpest falls.
About 750,000 tonnes of oil and gas were imported, a drop of 43.4 percent. Only
about 250,000 tonnes of steel were imported down 80.4 percent. The GSO estimates
that export turnovers and the trade deficit will continue to fall in the near future
because the volume of imported oil and gas will drop when Dung Quat refinery comes
into operation soon.-Enditem
In January, export turnover from the foreign direct investment sector (FDI) reached
2.1 billion USD, down 25.9 percent from last year. The State-owned sector earned 1.7
billion USD, down 21.9 percent from one year ago.
According to GSO experts, the drop in price of Vietnamese export goods is the main
reason for the fall in earnings this month.
In January, the price of 23 out of Vietnam 's 25 exported products fell sharply.
The price of crude oil decreased by 57.7 percent: the price of rubber dropped by 43
percent and the price of pepper was down 20 percent from a year ago, according to
GSO experts.
Major export markets such the United States , the EU and Japan have reduced
their orders because of sinking demand, the GSO said.
The rice and gemstone markets were the only sectors to register higher prices and
export turnover this month.
More than 300,000 tonnes of rice were exported from Vietnam this month, bringing
in 130 million USD, up by 152.8 percent.
Export turnover of gemstones reached 130 million USD, six times more than January 2008.
The volume of exported crude oil increased by 12.4 percent to 1.38 million tonnes
but turnover from crude oil sunk by 52.4 percent compared with the same month last
year.
Export turnover from garments, seafood and foot wear dropped by 33.2 percent, 18.6
percent and 26 percent, respectively.
Similar to the export situation, import turnover in the first month of the year fell
by 44.8 percent to 4.1 billion USD.
This month, the State-owned economy spent a modest 2.8 billion USD on imports, while
FDI companies, 1.3 billion USD. This month's figures for both sectors fell by 46.4
percent and 41.1 percent from January 2008, respectively.
Because of poor import turnover, the country's trade deficit in January 2009 was 300
million USD - one-eighth of the level for the same period last year, with falling
prices cited as the main cause.
The GSO said that domestic companies have cut down on production, resulting in a
decreased demand for imports of raw materials. Oil, gas and steel have seen the
sharpest falls.
About 750,000 tonnes of oil and gas were imported, a drop of 43.4 percent. Only
about 250,000 tonnes of steel were imported down 80.4 percent. The GSO estimates
that export turnovers and the trade deficit will continue to fall in the near future
because the volume of imported oil and gas will drop when Dung Quat refinery comes
into operation soon.-Enditem
