February 24, 2020 04:08

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Besides automobiles, what kinds of goods does Vietnam import from Thailand?

08:31 | 26/04/2019

VCN - Currently, Thailand is the largest import market of automobiles for Vietnam. This country is also the largest import market of Vietnam in ASEAN.

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The change in turnover of the 8 largest import groups from Thailand in the first quarter of 2019 and 2018, the calculation unit is "million USD". Sketched by: T.Bình.

According to statistics of the General Department of Vietnam Customs, by the end of March, the total value of Vietnam's imports from Thailand reached approximately $US3 billion, up by 14.6% over the same period of 2018, equivalent to nearly $380 million.

In the first quarter of 2019, there were eight groups of imports from this Southeast Asian country with a turnover of $US 100 million or more.

Leading in the turnover was the completed automobile group. In the first quarter, the country imported 25,945 completed cars from Thailand with a turnover of approximately $517 million, accounting for, 17.4% of total import turnover from Thailand.

Notably, the import turnover of automobiles from Thailand increased more than six times and the output increased nearly 6.5 times over the same period last year.

Thailand had a market share of 66.5% in volume and 58.5% in import turnover in the first quarter in terms of automobiles.

Also related to the automobile sector, besides completed automobiles, Vietnam also imports a large number of components and spare parts from this Southeast Asian country.

Total turnover in the first three months reached nearly $147.7 million, equivalent to nearly 15.1% of total import turnover of automotive components and spare parts at the same time. However, import results of this item did not change much compared to the figure of nearly $147.3 million at the same time last year.

In addition, there were six groups of imported goods in the hundreds of millions of USD by the end of quarter one.

They were: machinery, equipment, tools and spare parts (nearly $237 million); household appliances and components ($235.5 million); computers, electronic products and components (nearly $216 million); plastic materials ($207 million); vegetables ($168.6 million); petroleum ($116.5 million).

Among the six commodity groups, there are two noticeable changes related to the decline in turnover of petroleum products and household appliances.

Specifically, the group of household appliances and components decreased sharply by $80 million, while petroleum also fell sharply by about $ 80 million.

According to the General Department of Customs, by the end of March, the total value of Vietnam's imported goods from Thailand reached approximately 3 billion USD, up 14.6% over the same period in 2018.

By Thái Bình/Thanh Thuy