May 25, 2018 17:36

Advertisement Contact us RSS Vietnamese

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

15:22 | 18/04/2018

​The Vietnam Customs Statistics announced that in the second half of February, 2018 the total Vietnam’s exports of US dollars 5.13 billion and imports of nearly US dollars 6.4 billion resulted in a trade deficit of US dollars 1,27 billion.

Accordingly, the total value of export and import turnover of Vietnam in the second half of February was over US dollars 11.53 billion, down by 32% as compared to the first half of February-2018. Furthermore, in the first 2 months of 2018, Vietnam was in trade surplus of USD 504 million.

Vietnam‘s trade-in-goods in the first 2 months of 2018 totaled US dollars 68.51 billion in value terms, climbed up by 23.1% as compared to the performance of the same period of last year. In which, the total merchandise exports valued US dollars 34.51 billion, moved up by 25.8% and the total merchandise imports valued to US dollars 34 billion went up by 20.4%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 2 months of 2018 reached USD 44.78 billion, up by 24,5% in comparison to the same period of 2017.

Export:

As compared to the first half of February-2018, second half of the month decrease in the total export value (44.2% - USD 4.07 billion equally) is reflected by downturn in textiles and garments (down by 78.4% – USD 1.05 million equally); foot-wear (down by 58.3% - USD 345 million equally); wood and wooden products (down by 76.1% - USD 269 million equally); telephones, mobile phones and parts thereof (down by 12.1% - USD 218 million equally)…

Totally, in the first 2 months of 2018 total export value from Vietnam was USD 34.51 billion, climbed up 25.8% as compared to the same period of 2017 (equivalent to USD 7.08 billion in absolute value terms).

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

The first half to second half of February shrunk in the total of import value (17.4%) reflected downturn in machine, equipment tools and instruments (down by 24.5% - USD 275 million equally); computer, electrical products , spare-parts and components thereof (down by 12.8% - USD 208 million equally); irons and steels (down by 32.4% - USD 123 million equally); petroleum products (down by 26.1% - USD 107 million equally); plastics products (down by 41.9% - USD 103 million equally)…Import:

From January to second half of February-2018, total import value into Vietnam was USD 34 billion, went up by 20.4% as compared to the same period of 2017 (equivalent to USD 5.77 billion in absolute value terms).

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

Source: Vietnam Customs