August 15, 2018 18:09

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Exports consecutively decline

09:20 | 22/05/2018

VCN - According to the latest preliminary statistics from the General Department of Customs, Vietnam’s import and export turnover in the first half of May, 2018 (from 1-15/5/2018), gained US$ 18.93 billion, slightly up  3.7%.  (equivalent to US$ 667 million) over the second half of April 2018.

exports consecutively decline Exports to India increase by 104%
exports consecutively decline Exports increased by 22.8%, the highest level in recent 5 years
exports consecutively decline Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2018
exports consecutively decline
Export turnover of the five largest commodities between 2018 and 2017 (as of May 15), units of "billion dollars". Graph: T.Binh

Thus, from the beginning of the year to the end of 15th May, the country’s total import and export turnover reached US$ 162.74 billion, up by 14.4% (up US$ 20.54 billion) compared with the same period in 2017.

However, the exports in the first half for the country totaled US$ 8.78 billion, down by 7.9% (equivalent to US$ 752 million) over the second half of April 2018. Thus, exports are still on the downward trend because exports of the second half of April also declined compared to the first half of April.

By the end of 15th May, the country’s total exports was US$ 82.63 billion, up by 18.7% (equivalent to US$ 13.02 billion) over the same period in 2017.

Compared to the second half of April, the exports in the first half of May decreased in some commodities such as garments, down by 10.5%; means of transportation and parts thereof down by 30.3%; iron and steel down by 39.5%; machinery and equipment and parts thereof down by 12.4%.

In terms of imports, in the first half of May, the country's total import turnover gained US$10.15 billion, up 16.3% (equivalent to US$1.42 billion), compared with the last 15 days of April. By the end of 15th May, the imports reached US$ 80.11 billion, up by 10.4% (equivalent to US$ 7.52 billion) over the same period of 2017.

Compared to the second half of April, the imports in May increased sharply in some key commodities such as equipment, tools, parts thereof, up by 30.7%; plastic materials up by 35.2% in volume and 33.3% in value; and iron and steel of all kinds up by 21.1% in volume and 21.7% in value.

exports consecutively decline Export turnover of 36 major commodities decreased

VCN- After hitting the record export in March (reaching US$ 21.133 billion), export turnover in April for ...

As a result, Vietnam’s trade balance in May shows a deficit of US$1.37 billion, but the country’s trade balance from the beginning of the year to the end of 15th May still maintains a surplus of US$ 2.51 billion.

By Thai Binh/ Huyen Trang