October 20, 2018 02:22

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

19:22 | 27/09/2018

The Vietnam Customs Statistics announced that in the second half of August, 2018 the total Vietnam’s exports of US dollars 13.33 billion and imports of US dollars 10.85 billion resulted in a trade surplus of US dollars 2.47 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of August was US dollars 24.18 billion, up by 24% as compared to the first half of August-2018 (equivalent to USD 4.67 billion). Furthermore, in the first 8 months of 2018, Vietnam was in trade surplus of nearly USD 4.69 billion.

Vietnam‘s trade-in-goods in the first 8 months of 2018 totaled US dollars 312,13 billion in value terms, expanded by 14.5% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 158.41 billion, moved up by 16.7% and the total merchandise imports valued to US dollars 153.72 billion went up by 12.4%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 8 months of 2018 reached USD 203.05 billion up by 14.9% (equivalent to USD 26.27 billion) as compared to the same period of 2017.

Export:

As compared to the first half of August-2018, second half of the month increase in the total export value (37% - USD 3.6 billion equally) is reflected by upturn in telephone, mobile phones and parts thereof (up by 59.7% - USD 1.15 billion equally); computer, electrical products and spare-parts and components thereof (up by 36.2% - USD 434 million equally); textiles and garments (up by 27.4% - USD 374 million equally); machine, equipment tools and instruments (up by 43.5% - USD 278 million equally); cameras still image (up by 90.3% - USD 155 million equally); fishery products (up by 31.8%- USD 118 million equally)…

Chart 1: Top 10 exported commodities of 8 months 2018 as compared to the same period of 2017

preliminary assessment of vietnam international merchandise trade performance in the second half of august 2018
Source: Vietmam Customs

Import:

The first half to second half of August increase in the total of import value (11%) reflected upturn in computer, electrical products and spare-parts and components thereof (up by 20.7% - USD 365 million equally; crude oil (up by 2.8 times - USD 255 million equally); telephone, mobile phones and part thereof (up by 20.2% - USD 169 million equally); petroleum products (up by 32.8% - USD 72 million equally);

Chart 2: Top 10 imported commodities of 8 months 2018 as compared to the same period of 2017

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

Source: Vietmam Customs

Source: Vietnam Customs