May 27, 2019 14:44

Advertisement Contact us RSS Vietnamese

Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2018

15:25 | 02/01/2019

1.According to trade statistics of Vietnam Customs, in November 2018, a 2.1% downward in total external merchandise turnover of Vietnam was recorded on month-on-month basis. Exports went down 3.5%, to USD 21.75 billion and imports decreased 0.8%, to USD 21.59 billion as compared to the result of October 2018. As a result, there was a USD 153 million surplus in Vietnam’s trade balance in this month. ​

2. From the beginning to November of 2018, Vietnam‘s trade-in-goods totaled US dollars 440.04 billion in value terms, 13.3% above the corresponding period of last year. On year-on-year basis, total merchandise exports value rose 14.5%, to US dollars 223.72 billion and the total merchandise imports value increased 12.1% to US dollars 216.31 billion. Accordingly, Vietnam’s trade balance in the first 11 months of 2018 was in the surplus of US dollars 7.41 billion.

3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 288.51 billion in total from beginning to November 2018, up by 13.2% as compared to the result of corresponding period of 2017. Total value of FDI exportation was USD 158.45 billion, went up by 14.1%. On import side, the total value of those companies was USD 130.06 billion, went up by 12.2%.

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

Main Exports and Imports

4. On month-on-month basis, a decrease in total merchandise exports was due to the downturns in

computers, electrical products, spare-parts and components thereof (down by USD 300 million); textiles and garments (down by USD 193 million); fishery products (down by USD 80 million)…

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

5. On a year-on-year basis, exports expanded USD 28.33 billion. The main products, which contributed to the increase, were telephones, mobile phones and parts thereof (up by USD 4.83 billion); textiles and garments (up by USD 4.05 billion); machine, equipment, tools and instruments (up by USD 3.37 billion); computers, electrical products, spare-parts and components thereof (up by USD 3.23 billion)...

6. On a month-on-month basis, a reduction in total merchandise imports value was due to the downturns of the commodities as follows: wheats (down by USD 114 million); iron and steels (down by USD 112 million); crude oil (down by USD 74 million);…

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

7. On a year-on-year basis, imports went up USD 23.43 billion. The growth in imports was mainly contributed by the upwards of the following products: computers, electrical products, spare-parts and components thereof (up by USD 4.53 billion); crude oil (up by USD 1.95 billion); other base metals (up by USD 1.46 billion); plastics (up by USD 1.42 million) …

Trading Partners

8. In the first 11 months of 2018, Vietnamese merchandise trade with trading partners in Asia was totaled USD 294.27 billion in value terms, which moved up 13.4% as compared to the same period of 2017. Trade-in-goods of Vietnam with America was followed, which reached USD 71.7 billion and increased by 14.8%. The values of other continents were Europe: USD 59.07 billion, up by 11.6%; Oceania: USD 8.45 billion, up by 18% and Africa: USD 6.55 billion, up by 4.2% in comparison with the same period of last year.

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

9. For January-November period of 2018, 4 importing markets of Vietnam with turnover of over USD 16 billion were: The United States of America (reached USD 43.5 billion); China (reached USD 37.7 billion); Japan (reached USD 17.3 billion); Republic of Korea (reached USD 16.7 billion).

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

10. According to the following chart, top 3 big sources of Vietnam’s imports were as follows: China (reached USD 59.6 billion); Republic of Korea (reached USD 43.6 billion); Japan (reached USD 17.5 billion).

preliminary assessment of vietnam international merchandise trade performance in the first 11 months of 2018

Source: Vietnam Customs