November 12, 2019 13:27

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

16:04 | 11/10/2019

The Vietnam Customs Statistics announced that in the second half of July, 2019 the total Vietnam’s exports of US dollars 12.42 billion and imports of nearly US dollars 11.61 billion resulted in a trade surplus of US dollars 809 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of July was US dollars 24.03 billion, up by 10.8% as compared to the first half of July-2019.   

​Furthermore, in the first 7 months of 2019, Vietnam was in trade surplus of USD 1.7 billion. Vietnam‘s trade-in-goods in the first 7 months of 2019 totaled US dollars 289.26 billion in value terms, climbed up by 8,2% as compared to the performance of the same period of last year.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 7 months of 2019 reached USD 182.19 billion, up by 5.4% in comparison to the same period of 2018.

Export:

As compared to the first half of July-2019, second half of the month increase in the total export value (18.2% - USD 1.91 billion equally) is reflected by upturn in telephones, mobile phones (up by 33% - USD 567 million equally); machine, tools & equipments (up by 30.2% - USD 200 million); textiles and garments (up by 12.5% - USD 194 million equally);computer, electrical products (up by 13.3% - USD 189 million equally); foot wear (up by 13.3% - USD 124 million equally)…

Totally, in the first 7 months of 2019 total export value from Vietnam was USD 145.48 billion, climbed up 7.8% as compared to the same period of 2018 (equivalent to USD 10.48 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of first 7 months of 2019 over the same period of 2018

preliminary assessment of vietnam international merchandise trade performance in the second half of july 2019
Import:Source: Vietnam Customs

The first half to second half of July slight widen in the total of import value (3.8%) reflected upturn in petroleum products (up by 93.3% - USD 198 million); telephone, mobile phones and parts thereof (up by 29.3% - USD 182 millions); ores and other mineral products (up by 2 times - USD 50 million equally)…

From January to second half of July-2019, total import value into Vietnam was USD 143.78 billion, went up by 8.6% as compared to the same period of 2018 (equivalent to USD 11.39 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of first 7 months of 2019 over the same period of 2018

preliminary assessment of vietnam international merchandise trade performance in the second half of july 2019
Source: Vietnam Customs​

Source: Vietnam Customs