HANOI — Vietnam likely recorded a trade deficit of $800 million in February, government data released on Sunday showed, reversing a year-earlier surplus of $2.09 billion.
Exports in February likely fell 4.7% from a year earlier to $20 billion, while imports were likely up 10.5% to $20.8 billion, the General Statistics Office (GSO) said in a statement.
The GSO’s trade data is traditionally released before the end of the reporting period and often subject to revision.
For the January-February period, the Southeast Asian country’s exports likely rose 23.2% to $48.55 billion, while imports were up 25.9% to $47.26 billion, translating into a trade surplus of $1.3 billion, the GSO said.
According to the GSO, Vietnam’s industrial output in the first two months of this year rose 7.4% from a year earlier and average consumer prices fell 0.14% on year.