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

18:57 | 30/11/2016

The Vietnam Customs Statistics announced that in the first half (01-15/9/2016) of  September-2016, Vietnam’s total exports of  US dollars 6.92 billion and imports  of  US dollars 7.24 billion resulted in a trade deficit of US dollars 323 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of September was US dollars 14.17  billion, drop by 16.2% (equal to USD 2.73 billion) as compared to the second half of August-2016.

Vietnam‘s trade-in-goods from January to the first half of September of 2016 totaled US dollars 237.78 billion in value terms. It posted a growth of 3.5% (equivalent to USD 8.15 billion) from the same period of previous year. In which, the total merchandise export value was up 6.5% to US dollars 120.16 billion and the total merchandise imports value was up 0.7%, to US dollars 117.61 billion.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of September reached USD 4.98 billion and USD 4.43 billion respectively. From January to September 15th of 2016, the total export value of FDI traders went up 9.4% to US dollar 84.01 billion, which accounted for 69.9% of Vietnam’s total exports. In the meanwhile, import value was posted at USD 69.44 billion, up by 0.5% and accounted for 59%.

Export:

When compared with the second half of July-2016, export of first half of September decreased by 22%, mostly as a result of the decline registered in following products: textile and garments (down by USD 387 million); telephone, mobile phone and part thereof (down by USD 293 million); foot-wear (down by USD 195 million); machine, equipment, tools and instruments (down by USD 123 million);wood and wooden products (down by USD 107 million); computer, electrical products, spare-parts and component thereof (down by USD 107 million);

However, the following commodities climbed up in export value: other means of transports (up by USD 34 million); still image, video cameras and parts thereof (up by USD 33 million); insulated wires and cables(up by USD 8 million);...

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

Import:

In the first half of September 2016, import decreased by 9.7% when compared with second half of August, mainly reflecting the shrunken of machine, equipment, tools and instruments (down by USD 144 million); animal fodder and animal fodders (down by USD 123 million); computer, electrical products, spare-parts and component thereof (down by USD 106 million); fabrics (down by USD 75 million)…

Increase occurred in imports of corn (up by USD 71 million); irons and steels (up by USD 60 million); others base metal (up by USD 10 million).

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

Source: Vietnam Customs