September 26, 2018 17:37

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Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2018

19:56 | 12/09/2018

​The Vietnam Customs Statistics announced that in the first half (01-15/8/2018) of August-2018, Vietnam’s total exports of US dollars 9.73 billion and imports of US dollars 9.78 billion resulted in a trade deficit of nearly US dollars 47 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of August was US dollars 19.51 billion, down by 17.1% as compared to the second half of June-2018.

Vietnam‘s trade-in-goods from January to the first half of August of 2018 totaled US dollars 286.29 billion in value terms. It posted a growth of 13.7% (equivalent to USD 34.54 billion) from the same period of previous year.

In the view of FDI traders, the total value of exportation and importation in the first half of August reached USD 13 billion, down by 17.2% (equivalent to USD 2.72 billion) in comparison to the second half of July, 2018. Up to the August, 15th 2018, the total merchandise trade value of FDI traders was USD 185.47 billion, 13.8% higher than the performance of the same period of 2017.

Export:

When compared with the second half of July-2018, export of first half of August decreased by 17.6%, mostly as a result of the decline registered in telephone, mobile phones and parts thereof (down by 18.8% - USD 448 million equally); computer, electrical products (down by 20.2% - USD 305 million equally); textiles and garments (down by 13.2% - USD 207 million equally); textiles and garments (down by 9% - USD 126 million equally), machine tools and equipments (down by 20.4% - USD 164 million); irons and steels (down by 54.1% - USD 154 million equally)...

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to August 15th of 2018 as compared to the same period of 2017.

preliminary assessment of vietnam international merchandise trade performance in the first half of august 2018 8322
Source: Vietnam Customs

Import:

In the first half of August 2018, import decrease by 16.6% when compared with second half of July, mainly reflecting the shrunk of machine tools and equipments (down by 15.1% - USD 241 million equally); fabrics (down by 21.7% - USD 135 million equally); computer, electrical products (down by 5.2% - USD 98 million equally)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to August 15th of 2018 as compared to the same period of 2017.

preliminary assessment of vietnam international merchandise trade performance in the first half of august 2018 8322

Source: Vietna​m Customs

Source: Vietnam Customs