December 16, 2019 17:31

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

11:01 | 26/11/2019

The Vietnam Customs Statistics announced that in the first half (01-15/9/2019) of September-2019 , Vietnam’s total exports of US dollars 10.45 billion and imports of US dollars 10.26 billion resulted in a trade surplus of nearly US dollars 189 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 20.71 billion, down by 18,8% as compared to the second half of August-2019.

​Vietnam‘s trade-in-goods from January to the first half of September of 2019 totaled US dollars 357.87 billion in value terms. It posted a growth of 7.8% (equivalent to USD 25.98 billion) from the same period of the previous year

In the view of FDI traders, the value of exportation and importation in the first half of September reached USD 13.53 billion, down by 16.9% as compared to the second half of August 2019. Therefore, from January to September 15th of 2019, the total value of FDI merchandise trade went up 4.6% to US dollar 226.64 billion.

Export:

When compared with the second half of August-2019, export of the first half of September was down by 24.9%, mostly as a result of the climb-down registered in telephone, mobile phone and part thereof (down by 18.4% - USD 565 million); textiles and garments (down by 29.7% - USD 550 million); computers, electrical products and part thereof (down by 19.3% - USD 370 million); machine tools and equipments (down by 23.9% - USD 217 million); foot wears (down by 25.1% - USD 206 million)…

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

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

In the first half of September 2019, import was down by 11.6% when compared with the second half of August, mainly reflecting the shrunk of machine, equipment, tools and instruments (down by 16.2% - USD 269 million); telephones, mobile phones and part thereof (down by 22.6% - USD 220 million); coal and minerals (down by 52.4% - USD 108 million); computer, electrical products, spare-parts and components thereof (down by 3.7% - USD 91 million); animal fodders and animal fodders material (down by 37.5% - USD 80 million);plastics (down by 14.3% - USD 57 million)…Import:

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

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

Source: Vietnam Customs