Crude oil lubricates export revenue growth
by admin on May.27, 2007, under Export Import
Crude oil exports raked in over US $3 billion during the first five months of the year, recording the largest single industry export revenues in the country, according to the General Statistics Office.
In total Vietnam earned over US $18 billion in export turnover, a year-on-year increase of 18.4% with high values coming in from garments and textiles, US $2.7 billion, and footwear, seafood and coffee, that all accounted for over US $1 billion each.
Highflying exports of wood products surged to US $947 million and computer and electronic components also spiked at US $744 million. Pundits forecast both of these industries to earn over US $1 billion in the next few months.
Rice at US $610 million and rubber, US $415 million, rounded out the top earners.
Import value for the first five months of the year also increased by 27% on the back of a red-hot economy and increased consumer demand leading to a trade deficit of US $3.3 billion. (VNA)/nhandan.com.vn