February 26, 2020 05:57

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Imports and exports estimated at US$517 billion

13:56 | 12/01/2020

VCN - According to a report from the General Department of Customs on the afternoon of January 6, Vietnam's total import and export value in December 2019 was estimated at US$44.6 billion. Of which, total exports were about US$21.8 billion and imports US$22.8 billion, up 6.8 percent.  

imports and exports estimated at us 517 billion Trade turnover hits US$510 billion, fulfilling the promise to the Prime Minister
imports and exports estimated at us 517 billion Preliminary assessment of Vietnam international merchandise trade performance in the first half of September, 2019
imports and exports estimated at us 517 billion Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2019
imports and exports estimated at us 517 billion
Import and export activities in Hai Phong port area

With the estimated results, in 2019, Vietnam's total import and export value was expected to reach nearly US$517 billion, up 7.6 percent compared to 2018.

Of which, total export value was about US$263.45 billion, up by 8.1 percent and import value US$253.51 billion, up by 7 percent.

Vietnam's trade balance of goods in December 2019 was estimated at a deficit of US$1 billion. So, in 2019, the whole country saw a trade surplus of US$9.94 billion.

There was great change in December for export goods such as: ores and minerals were estimated at 250,000 tons, up 105.3 percent compared to November 2019 and worth US$12 million, down 2.5 percent.

Generally, in 2019, it was estimated to be nearly 2.9 million tons, worth US$214 million, down 0.2 percent in volume and up 9.3 percent in value over the previous year.

Clinkerand cement were estimated at 3,600,000 tons, down 1 percent, worth US$140 million, down 3.5 percent. Export volume for the whole year was estimated at nearly 34 million tons, worth US$1,395 billion, up 7.5 percent in volume and 12.4 percent in value over the previous year.

Crude oil was estimated at 490,000 tons, up 120 percent over the previous month and valued at US$180 million, up 59.9 percent. The total export of crude oil in the whole year was estimated at 4,104 million tons, worth US$2,025 billion, up 3.6 percent in volume and down 7. 8 percent in value over the previous year.

In terms of imports, coal was estimated at 4 million tons, up 30.6 percent over the previous month and valued at US$314 million, up 32.1 percent.

Thus, the import volume for the whole year was estimated at 43.5 million tons, valued at US$3.79 billion, up 90.7 percent in volume and up 48.1 percent in value compared to 2018.

Imported crude oil was estimated at 600,000 tons, worth US$273 million, equivalent to November 2019.

In the whole of 2019, the imported crude oil amounted to 7.68 million tons, worth US$3.62 billion, up 48.2 percent in volume and 31.6 percent in value over the previous year.

Imported CBU cars of all types in the month were estimated to reduce strongly in both volume and turnover.

Specifically, the imports were estimated at 8,000 units, worth US$140 million, down 32 percent in volume and down 47.5 percent in value compared to November 2019.

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VCN- Indonesia surpassed Thailand in volume in the context that the import tends to decrease is notable ...

In the whole year, Vietnam imported 142,000 CBU cars, valued at US$ 3.1 billion, up 71 percent in volume and 69.4 percent in value over the same period last year.

By Thai Binh/ Huyen Trang