September 23, 2017 20:06

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Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2017

08:17 | 06/05/2017

VCN- The Vietnam Customs Statistics announced that in the first half (01-15/4/2017) of April-2017 , Vietnam’s total exports of US dollars 7.93 billion and imports of US dollars 8.43 billion resulted in a trade deficit of nearly US dollars 501 million.

Accordingly, the total value of export and import turnover of Vietnam in the first half of April was US dollars 16.37 billion, went down by 13.9% as compared to the second half of March-2017.

Vietnam‘s trade-in-goods from January to the first half of April of 2017 totaled US dollars 107.58 billion in value terms. It posted a growth of 18.5% (equivalent to USD 16.76 billion) from the same period of previous year.

In which, the total merchandise exports value was up 13.9% to nearly US dollars 52.51 billion and the total merchandise imports value was up 23.1%, to US dollars 55.07 billion. In the view of FDI traders, the total value of exportation and importation in the first half of April reached USD 10.87 billion, down by 13% (equivalent to USD 1.62 billion) in comparison to the second half of March, 2017. Up to the April, 15th 2017, the total merchandise trade value of FDI traders was USD 70.05 billion, 18.5% higher than the performance of the same period of 2016.

Export:

When compared with the second half of March-2017, export of first half of April decreased by 16%, mostly as a result of the decline registered in computer, electrical products, spare-parts and components thereof (down by 27.8% - USD 319 million); textiles and garments (down by 20.4% - USD 255 million); irons and steels (down by 62.8% - USD 108 million); wood and wooden products (down by 23.8% - USD 93 million)…

However, the upturn occurred in exports of some commodities such as: telephones, mobile phones and parts thereof (up by 3% - USD 53 million); rice (up by 6.5% - USD 8 million); handbags, purses, suit-cases, headgear and umbrellas (up by 3.3% - USD 5 million)…​

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Import:

In the first half of April 2017, import decreased by 11.9% when compared with second half of March, mainly reflecting the shrunk of computer, electrical products, spare-parts and components thereof (down by 18.4% - USD 302 million); machine, electrical products, spare-parts and components thereof (down by 8.4% - USD 144 million); coal (down by 79.8% - USD 105 million); telephone, mobile phone and part thereof (down by 17.1% - USD 103 million); petroleum products (down by 29.4% - USD 92 million).

However, the upturn occurred in exports of some commodities such as: irons and steels (up by 13.2% - USD 56 million); corn (up by 105.5% - USD 46 million); soya bean (up by 1.25 times - USD 19 million).

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Source: Vietnam Customs