December 14, 2018 22:06

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Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2018

19:58 | 24/05/2018

The Vietnam Customs Statistics announced that in the second half of April, 2018 the total Vietnam’s exports of US dollars 9,53 billion and imports of US dollars 8,73 billion resulted in a trade surplus of US dollars 0,8 billion.

Accordingly, the total value of export and import turnover of Vietnam in the second half of April was US dollars 18.26 billion, up by 5.2% as compared to the first half of April-2018 (equivalent to USD 898 million). Furthermore, in the first 4 months of 2018, Vietnam was in trade surplus of nearly USD 3.9 billion.

Vietnam‘s trade-in-goods in the first 4 months of 2018 totaled US dollars 143.89 billion in value terms, expanded by 14.3% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 73.89 billion, moved up by 19.2% and the total merchandise imports valued to US dollars 70 billion went up by 9.5%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 4 months of 2018 reached USD 93.92 billion up by 13.7% (equivalent to USD 11.31 billion) as compared to the same period of 2017.

Export:

As compared to the first half of April-2018, second half of the month increase in the total export value (7.6% - USD 671 million equally) is reflected by upturn in computer, electrical products and spare-parts and components thereof (up by 18.5% - USD 181.71 million equally); irons and steels (up by 77.9% - USD 103.66 million equally); foot-wear (up by 17.3% - USD 100.41 million equally); other means of transportation (up by 35.4% - USD 94.14 million equally); machine, equipment tools and instruments (up by 10.2% - USD 66.25million equally).

It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of April, which included: telephones, mobile phones and parts therof (down by 16.6% - USD 315,35 million equally)…

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Import:

The first half to second half of April increase in the total of import value (2.7%) reflected upturn in coal (up by 2.93 times - USD 125.08 million equally); petroleum products (up by 41.7% - USD 112 million equally); fabrics (up by 20.8% - USD 103.35 million equally); computer, electrical products and spare-parts and components thereof (up by 4.9% - USD 64.64 million equally)…

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Source: Vietnam Customs