February 26, 2017 14:47

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

13:46 | 02/01/2017

​The Vietnam Customs Statistics announced that in the first half (01-15/11/2016) of  November-2016, Vietnam’s total exports of  US dollars 7.63 billion and imports  of  US dollars 8.2 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 November was US dollars 15.82 billion, drop by 2.7%  as compared to the second half of October-2016.

Vietnam‘s trade-in-goods from January to the first half of November of 2016 set the new record of USD 300,3 billion in value terms. It posted a growth of 5,3% from the same period of previous year. In which, the total merchandise export value was up 7.5% to US dollars 151.48 billion and the total merchandise imports value was up 3.1%, to US dollars 148.82 billion.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of November reached USD 5.52 billion and USD 4.86 billion respectively. From January to November 15th of 2016, the total export value of FDI traders went up 10% to US dollar 95.06 billion, which accounted for 70.2% of Vietnam’s total exports. In the meanwhile, import value was posted at USD 88.14 billion, up by 2.9% and accounted for 59.2%.

Export:

When compared with the second half of October-2016, export of first half of November decreased by 6.4%, mostly as a result of the decline registered in following products: machine, equipment, tools and instruments (down by 7.6% - USD 42 million equally); fishery products (down by 13.7% - USD 53 million equally); textiles and garments (down by 8.8% - USD 86 million equally)…

However, the following commodities climbed up in export value: telephone, mobile phones and part thereof (up by 2% - USD 30 million equally); coal (up by 1,2 times – USD 5 million equally); vegetables and fruits (up by 8.5% - USD 7 million equally); rice (up by 5.6% - USD 4 million); clinke and cement (up by 18.7% - USD 4 million equally)…

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Import:

In the first half of November 2016, import increased by 1% when compared with second half of October, mainly reflecting the widen of machine, equipment, tools and instruments (up by 10.9% - USD 136 million equally); plastics (up by 13.6% - USD 40 million equally); other base metal (up by 16.2% - USD 29 million)…

Decrease occurred in imports of soya bean (down by 72.3% - USD 28 million equally); means of transportation (down by 53.6% - USD 38 million equally); computer, electrical products, spare parts and components thereof (down by 7.1% - USD 99 million equally)…

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Note for the users: Vietnam’s international merchandise trade statistics (IMTS) compiled by Vietnam Customs Statistics (VCS) is disseminated at the following link (in English):

http://www.customs.gov.vn/Lists/EnglishStatistics/Default.aspx?language=en-US&Group=Customs Trade Statistics.

Source: Vietnam Customs