December 11, 2019 10:14

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Import and export turnover reached US $ 428.63 billion

08:21 | 23/11/2019

VCN- The value of Vietnam’s total imports and exports of goods in the second half of October reached US$13.13 billion, up 27.3 percent compared to the first half of October.  

import and export turnover reached us 42863 billion What is structure of the import and export turnover of US$290 billion?
import and export turnover reached us 42863 billion Target of 500 billion USD in import-export turnover obtainable
import and export turnover reached us 42863 billion Import and export turnover of commodities declined in June
import and export turnover reached us 42863 billion
The export value of the 10 largest commodity groups in the first 10 months of 2019 compared to 2018. Source: The General Department of Vietnam Customs.

According to preliminary statistics from the General Department of Vietnam Customs, the Vietnam’s total import and export value in the second half of October reached $24.74 billion, up 17.8 percent compared to the first half.

The value achieved in the second half of October brought the total import and export value of the country in 10 months to $428.63 billion, up 8 percent, equivalent to $31.7 billion compared to 2018.

In October, automobile imports sharply increased. Specifically, the whole country imported 16,683 cars with a total value of $324 million, up 50.2 percent in volume and 28.6 percent in value compared to September.

Until the end of October, the whole country imported 123,484 cars with total value of US$ 2.715 billion, up 131.6 percent in volume and 126.5 percent in value compared to the first ten months of the year.

The total import and export value of FDI reached $271.13 billion, increasing 4.3 percent; import and export value of domestic enterprises sector reached $157.5 billion, increasing by 14.9 percent compared to 2018.

In the second half of October, the trade balance of goods had a trade surplus of $1.53 billion, increasing Vietnam’s trade surplus in the first 10 months to $9.01 billion.

Vietnam’s total value of export goods in the second half of October reached $13.13 billion, up 27.3 percent compared to the first half.

The items with sharp increase in export value in the second half of October were phones and accessories up $595 million; computers, electronic products and components up $496 million; footwear up $264 million; machinery, equipment, tools, spare parts up $232 million.

Until the end of October 2019, Vietnam’s total export value reached $218.82 billion, up 8.3 percent, equivalent to an increase of $16.7 billion compared to 2018.

According to the General Department of Vietnam Customs, the export value of FDI enterprises in the second half of October reached $8.9 billion, up 27.7 percent, equivalent to $1.93 billion compared to the first half of October, thereby, increasing the total export value in the first ten months of the year to $149.83 billion, up 4.8 percent compared to 2018, accounting for 68.5 percent the total export value of the country.

Total import value in the second half of October was $11.61 billion, up 8.6 percent compared to the first half.

The items with a sharp increase in import value in the second half of October were machinery, equipment, tools and spare parts up $253 million; petroleum up $250 million, coal up $115 million, corn up $91 million.

Until the end of October, the total import value of the whole country reached $209.81 billion, up 7.7 percent compared to 2018.

The import value of FDI enterprises in the second half of October reached $6.32 billion, up 3.6 percent compared to the first half, thereby raising the total import value in the first 10 months of 2019 to $121.30 billion, up 3.7 percent compared to 2018, accounting for 57.8 percent of the country's total import value.

By Thai Binh/ Ngoc Loan