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Garments, textiles lead surge in export revenue
The country's export revenue in the first four months of the year surged 35.7 per cent over the same period last year to reach US$26.94 billion, the General Statistics Office estimated.
Exports in April reached $7.3 billion, roughly $1.4 billion lower than the previous month.
The office attributed the four- month figure to the high prices of many export staples, especially cassava that doubled in value against the same period last year, earning the country $515 million, in the first four months.
Garments and textiles were the country's largest earner in that time at nearly $3.93 billion, followed by crude oil at $2.46 billion.
However, coal and jewellery reportedly decreased by between 5-24.3 per cent over the same period last year.
The country, meanwhile, spent $31.83 billion on imports, up 29.1 per cent over the first four months of last year, pushing the national trade deficit to nearly $4.9 billion, up 6 per cent over the same period last year.
Import value for machines and equipment topped more than $4.68 billion, followed by petroleum at $3.58 billion and textile fabric at $2.11 billion.
Imports of vegetables, animal feed and vehicles declined in value while liquefied gas, iron, steel and completed motorbikes saw a decrease in volume, the office reported.
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