May 27, 2018 04:17

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

18:53 | 02/05/2018

The Vietnam Customs Statistics announced that in the second half of March, 2018 the total Vietnam’s exports of US dollars 11.19 billion and imports of nearly US dollars 9.81 billion resulted in a trade surplus of US dollars 1.39 billion. 

​Accordingly, the total value of export and import turnover of Vietnam in the second half of March was US dollars 21 billion, up by 10.2% as compared to the first half of March-2018 (equivalent to USD 1.94 billion). Furthermore, in the first 3 months of 2018, Vietnam was in trade surplus of over USD 2.7 billion.

Vietnam‘s trade-in-goods in the first 3 months of 2017 totaled US dollars 108.43 billion in value terms, expanded by 18.9% as compared to the performance of the same period of last year. In which, the total merchandise exports valued US dollars 55.56 billion, moved up by 24.8% and the total merchandise imports valued to US dollars 52.87 billion went up by 13.3%.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the second half of March reached USD 13.84 billion. Therefore, in the first 3 months of 2018, the total value of FDI merchandise trade went up 20.8%, to US dollar 71.47 billion.

Export:

As compared to the first half of March-2018, second half of the month strong increase in the total export value (12.4% - USD 1.23 billion equally) is reflected by upturn in machine, equipment tools and instruments (up by 27.9% - USD 183 million equally); textile and garment (up by 15.1% - USD 163 million equally); computers electrical products and component thereof (up by 11.8% - USD 126 million equally); irons and steels (up by 84.3% - USD 116 million equally); fishery products (up by 33.7% - USD 102 million equally).; …

It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of March, which included: telephone, mobile phone and parts thereof (down by 6% - USD 162 million equally).

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Import:

The first half to second half of March increase in the total of import value (7.7% - USD 704 million equally) reflected upturn in computer electrical products and part thereof (up by 13% - USD 226 million); fabrics (up by 41% - USD 152 million); machine, equipment tools and instruments (up by 9.3% - USD 121 million); telephone, mobile phone and parts thereof (up by 18.9% - USD 85 million).

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Source: Vietnam Customs