September 26, 2017 14:32

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Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2016

13:45 | 02/01/2017

The Vietnam Customs Statistics reported that in the second half of October-2016, the total value of Vietnam’s exports of US dollars 8,15 billion and imports of US dollars 8,11 billion resulted in a trade surplus of US dollars 36 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was US dollars 16,26 billion, up by 8,2% as compared to the first half of October-2016 (equivalent to USD 1,23 billion). Furthermore, in the 10 months (January-October) of 2016, Vietnam was in trade surplus of over USD 3.25 billion.

Vietnam‘s trade-in-goods in 10 months of 2016 totaled US dollars 284,56 billion in value terms which expanded by 4.6% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 143,9 billion, moved up by 7% and the total merchandise imports valued US dollars 140,66 billion, went up by 2.2%. In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 10 months of 2016 reached USD 184.16 billion, up by 6.2% in comparison to first half of October 2016.

Export:

As compared to the first half of October-2016, second half of the month increase in the total export value (12.3% - USD 829 million equally) is reflected by upturn in wood and wooden products(up by 17.9% - USD 50 millionequally); means of transport (up by 28.8% - USD 64 million equally); machine, equipment, tools and instrument (up by 20.2% - USD 93 million equally); computer, electrical products, spare-parts and component thereof (up by 10.8% - USD 98 million equally); telephone, mobile phones (up by 11% - USD 148 million equally); foot-wear (up by 33.3% - USD 149 million equally)…

It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of October, which included: coal (down by 18.9% - USD 1 million equally); pepper (down by 3.6% - USD 2 miilion equally); coffee (down by 2.3% - USD 3 million equally); rice (down by 9.9% - USD 8 million equally); rubber (down by 10.6% - USD 10 million equally)…

Chart 1: Top 10 major exported commodities of Vietnam in 10 months/2016 as compared to 10 months/2015

tin nhap 20161229142946

Source: Vietnam customs

Import:

The first half to second half of October increase in the total of import value (4.3% - USD 335 million equally) reflected upturrn in: fabric (up by 22.8% - USD 97 million equally); machine, equipment, tools and instrument (up by 8.2% - USD 94 million equally); computer, electrical products, spare-parts and component thereof (up by 6.9% - USD 90 million equally); telephone, mobile phones and part thereof(up by 17% - USD 79 million equally)…

Shrunk occurred in importation of some commodities such as: ferrous waste and scrap (down by 52.6% - USD 32 million equally); corn (down by 33.8% - USD 49 million equally); other base metal (down by 23.6% - USD 56 million equally); other means of transport (down by 67.8% - USD 152 million equally)...

Chart 2:

Top 10 major imported commodities of Vietnam in 10 months/2016 as compared to 10 months/2015

tin nhap 20161229142946

Source: Vietnam customs

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