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Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2016

10:17 | 07/06/2016

The Vietnam Customs Statistics announced that in the first half (01-15/5/2016) of  May-2016, Vietnam’s total exports of US dollars 6.02 billion and imports  of US dollars 6.59 billion resulted in a trade deficit of US dollars 570 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of May was US dollars 12.60  billion, went down by 9.1% (equal to USD 1.26 billion) as compared to the second half of April-2016.

Vietnam‘s trade-in-goods from January to the first half of May of 2016 totaled US dollars 117.02 billion in value terms. It posted an increase of 0.8% (equivalent to USD 904 million) from the same period of previous year. In which, the total merchandise export value was up 5.4% to US dollars 59.12 billion and the total merchandise imports value was down 3.5%, to US dollars 57.89 billion.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of April reached USD 4.24 billion and USD 3.75 billion respectively. In comparison to the performance of corresponding period of 2015, from January to April 15th of 2016, the total export value of FDI traders went up 9.0% to US dollar 41.45 billion. In the meanwhile, import value was posted at USD 34.29 billion, down by 4.5%.

Export:

When compared with the second half of April-2016, export of  first half of May went down by 14.5%, mostly as a result of the downturns registered in following products: textiles and garments (down by USD 143 million); telephones, mobile phones and parts thereof (down by USD 128 million); other means of transportation, parts and accessories thereof (down by USD 90 million);..

preliminary assessment of vietnam international merchandise trade performance in the first half of may 2016

Import: In the first half of May 2016, import shrunk by 3.5% in comparison to second half of April, mainly reflecting the downwards of other means of transportation, parts and accessories thereof (down by USD 144 million); petroleum products (down by USD 111 million); telephones, mobile phones and parts thereof (down by USD 64 million);...  

preliminary assessment of vietnam international merchandise trade performance in the first half of may 2016

 

Vietnam Customs