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

16:03 | 12/12/2018

The Vietnam Customs Statistics announced that in the second half of October, 2018 the total Vietnam’s exports of US dollars 12.33 billion and imports of US dollars 11.56 billion resulted in a trade surplus of US dollars 0.77 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was US dollars 23.88 billion, up by 17.6% as compared to the first half of October-2018 (equivalent to USD 3.57 billion).

​Vietnam‘s trade-in-goods in the first 10 months of 2018 totaled US dollars 396.85 billion in value terms, expanded by 13.8% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 202.03 billion, moved up by 15.2% and the total merchandise imports valued to US dollars 194.82 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 10 months of 2018 reached USD 259.79 billion up by 13.7% (equivalent to USD 31.3 billion) as compared to the same period of 2017.

Export:

As compared to the first half of October-2018, second half of the month increase in the total export value (21.1% - USD 2.15 billion equally) is reflected by upturn in telephone, mobile phone and parts thereof (up by 23.1% - USD 491 million equally); computer, electrical products and spare-parts and components thereof (up 16.2% - USD 213 million equally); foot-wear (up by 26.7% - USD 163 million equally); machine, equipment tools and instruments (up by 21.5% - USD 146 million equally); textiles and garments (up by 9.4% - USD 122 million equally); wood and wooden products (up by 24.5% - USD 93 million equally) …

Chart 1: Top 10 main exported commodities in the first 10 months of 2018 as comapred to the same period of 2017

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

Import:

The first half to second half of October increase in the total of import value (14%) reflected upturn in telephone, mobile phone and parts thereof (up by 27.5% - USD 203 million equally); machine, equipment tools and instruments (up by 10.6% - USD 153 million equally); computer, electrical products and spare-parts and components thereof (up by 7.8% - USD 145 million equally); fabrics (up by 25% - USD 128 million equally)…

Chart 2: Top 10 main imported commodities in the first 10 months of 2018 as comapred to the same period of 2017

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

Source: Vietnam Customs