July 18, 2018 07:59

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Import and export turnover in the first quarter 2018 increased 18.9%

15:28 | 17/04/2018

VCN- According to the preliminary statistics from the General Department of Vietnam Customs (GDVC), total import and export turnover of the country in the first 3 months of 2018 reached US$ 108.43 billion, an increase of 18.9%, equivalent to US$ 17.27 billion  compared to the same period in 2017.

import and export turnover in the first quarter 2018 increased 189 As of the end of February 2018: Import and export turnover reached US$ 68.51 billion
import and export turnover in the first quarter 2018 increased 189 Import and export turnover of commodity groups worth US $ billion in 2018
import and export turnover in the first quarter 2018 increased 189 3 over US$ 10 billion export commodity groups
import and export turnover in the first quarter 2018 increased 189
Import turnover of the 10 largest commodity groups in the first 3 months of 2018 compared to the same period in 2017.

The total import-export turnover of foreign direct investment enterprises (FDI) reached $ US 71.47 billion, increasing by 20.8%, equivalent to US $ 12.28 billion over the same period in 2017.

In the second half of March, 2018 (from 16th to 31st March 2018), import and export turnover reached nearly US $ 21 billion, an increase of 10.2%, equivalent to US$ 1.94 billion compared to the first half of March 2018. Of which, import and export turnover of FDI enterprises reached US $ 13.84 billion, an increase of 7.9%, equivalent to over US $ 1 billion compared with the first half of March.

In the second half of March 2018, the trade balance attained a surplus of nearly US $ 1.39 billion, thereby bringing the country's surplus in the first three months of 2018 to nearly US $ 2.7 billion.

For exports, Vietnam’s total export turnover in the second half of March of 2018 reached US$ 11.19 billion, an increase of 12.4% (equivalent to US$ 1.23 billion in absolute number) compared to the first half of March 2018.

Export turnover in the second half of March 2018 increased compared to the first half, mainly due to the increase in some commodity groups as follows: machinery, equipment, tools and instruments increased by 27.9%, equivalent to US$ 183 million; Textiles and garments increased by 15.1%, equivalent to US$ 163 million; Computer, electronic products and components increased by 11.8%, equivalent to US $ 126 million; Iron and Steel increased by 84.3%, equivalent to US$ 116 million; Fishery products increased by 33.7%, equivalent to US$ 102 million. However, export turnover of phones and accessories slightly decreased by 6%, equivalent to US $ 162 million.

Hence, as of the end of March 2018, Vietnam’s total export was US$ 55.56 billion, an increase of 24.8%, equivalent to US$ 11.05 billion compared to the same period in 2017.

According to the statistics from the GDVC, the export turnover of FDI sector in the second half of March 2018 was US$ 7.91 billion, increasing by 7.7% , equivalent to US$ 568 billion compared to the first half of March 2018. Thereby, bringing total export turnover in the first 3 months of 2018 for this sector to US$ 39.76 billion, an increase of 27.1% compared to the same period in 2017, accounting for 71.6% of total export turnover of the country.

For imports, Vietnam’s total import turnover in the second half of March 2018 was US$ 9.81 billion, increasing by 7.7% (equivalent to US$ 704 million absolute number) compared to the first half of March 2018.

Import turnover in the second half of March 2018 increased compared to the first half of March 2018, mainly due to the increase of some commodity groups such as: Computers, electronic products and parts, increased 13%, equivalent to US$ 226 million; Fabrics increased by 41%, equivalent to US$ 152 million, machinery, equipment, tools and instruments increased 9.3%, equivalent to US$ 121 million; Phones and accessories increased 18.9%, equivalent to US$ 85 million.

import and export turnover in the first quarter 2018 increased 189 Import- Export: the milestone of US $400 billion counted down in a few days

VCN- The latest statistics of the General Department of Customs show that the total import and export ...

Thus, as of the end of March 2018, Vietnam’s total import turnover reached US $ 52.87 billion, up 13.3% (equivalent to US $ 6.22 billion) over the same period in 2017.

Import turnover of FDI enterprises reached US$ 5.93 billion, increasing by 8.1%, equivalent to US$ 444 million compared to the first half of March 2018, thereby bringing the total import turnover in the first 3 months of 2018 to US$ 31.71 billion, up 13.6% compared to the same period in 2017, accounting for 60% of total import turnover of the country.

By Ha Nhi/Ngoc Loan