July 21, 2018 08:36

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Preliminary assessment of Vietnam international merchandise trade performance in the first half of February, 2018

15:21 | 18/04/2018

The Vietnam Customs Statistics announced that in the first half of February-2018, Vietnam’s total exports of US dollars 9.2 billion and imports of US dollars 7.75 billion resulted in a trade surplus of nearly US dollars 1.45 billion. 

Accordingly, the total value of export and import turnover of Vietnam in the first half of February was US dollars 16.95 billion, went down by 21.3% (equal to USD 4.59 billion) as compared to the second half of January-2018.

Vietnam‘s trade-in-goods from January to the first half of February of 2018 totaled US dollars 57.12 billion in value terms. It posted a growth of 37.2% (equivalent to USD 15.48 billion) from the same period of previous year.

In the view of FDI traders, the total value of exportation and importation in the first half of February reached USD 11 billion respectively, down by 18.1% as compared to the second half of January. Therefore, from January to February 15th of 2018, the total value of FDI merchandise trade went up 37% to US dollar 36.82 billion.

Export:

When compared with the second half of January-2018, export of first half of February decreased by 16.2% mostly as a result of the decline registered in computer, electrical products, spare-parts and components thereof (down by 20.9% - USD 271 million equally); foot-wear (down by 20.5% - USD 153 million equally); fishery products (down by 30% - USD 116 million equally); ); machines, equipments, tools and instruments (down by 14.7% - USD 100 million)…

preliminary assessment of vietnam international merchandise trade performance in the first half of february 2018

In the first half of February 2018, import decreases by 26.6% when compared with second half of January, mainly reflecting the shrunk of machines, equipments, tools and instruments (down by 26.8% - USD 413 million equally); telephones, mobile phones and part thereof (down by 41.6% - USD 304 million equally); computers, electrical products, spare-parts and components thereof (down by 11.6% - USD 213 million equally); petroleum products (down by 29.6% - USD 174 million); fabrics (down by 30.1% - USD 170 million)… Import:

preliminary assessment of vietnam international merchandise trade performance in the first half of february 2018

Source: Vietnam Customs