November 12, 2019 02:35

Advertisement Contact us RSS Vietnamese

Preliminary assessment of Vietnam international merchandise trade performance in the first half of July, 2019

19:52 | 03/09/2019

The Vietnam Customs Statistics announced that in the first half (01-15/7/2019) of July-2019 , Vietnam’s total exports of US dollars 10.5 billion and imports of US dollars 11.18 billion resulted in a trade deficit of nearly US dollars 678 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of July was US dollars 21.69 billion, up by 3.4% as compared to the second half of June-2019.

​​Vietnam‘s trade-in-goods from January to the first half of July of 2019 totaled US dollars 265.06 billion in value terms. It posted a growth of 8.7% (equivalent to USD 21.3 billion) from the same period of previous year

In the view of FDI traders, the value of exportation and importation in the first half of July reached USD 13.18 billion, down by 0.5% as compared to the second half of June 2019. Therefore, from January to July 15th of 2019, the total value of FDI merchandise trade went up 6.3% to US dollar 167 billion.

Export:

When compared with the second half of June-2019, export of first half of July was down by 6.5%, mostly as a result of the climb-down registered in telephone, mobile phone and part thereof (down by 16.9% - USD 349 million); computer electrical products and part thereof (down by 7.9% - USD 121 million); machine tools and equipments (down by 8.4% - USD 61 million); foot wears (down by 6.5% - USD 52 million)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to July 15th 2019 as compared to the same period of 2018.

preliminary assessment of vietnam international merchandise trade performance in the first half of july 2019

In the first half of July 2019, import was up by 14.9% when compared with the second half of June, mainly reflecting the widen of computer, electrical products, spare-parts and components thereof (up by 23.2% - USD 438 million); machine, equipment, tools and instruments (up by 11.7% - USD 165 million);other means of transport (up by 4.3 times, USD 143 millions); telephones, mobile phones and part thereof (up by 15.9% - USD 85 million)…Import:

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to June 15th 2019 as compared to the same period of 2018.

preliminary assessment of vietnam international merchandise trade performance in the first half of july 2019

Source: Vietnam Customs