Vietnam sees a trade deficit of $2.33 billion in February

Vietnam recorded a trade deficit of $2.33 billion in February after imports rose more sharply than exports, government data released on Monday showed.

Exports in February rose 13.2% from a year earlier to $22.95 billion, while imports gained 21.9% to $25.28 billion, the General Statistics Office (GSO) said in a report.

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For the first two months of 2022, exports increased 10.2% from a year earlier to $53.79 billion, while imports were up 15.9% to $54.73 billion, translating into a trade deficit of $940 million, according to the report.

Vietnam’s industrial production index in February rose 8.5% from a year earlier, the GSO said, adding that consumer prices in the month rose 1.42% year on year.

@ Reuters.