August 23, 2019 04:25

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

16:06 | 12/12/2018

The Vietnam Customs Statistics announced that in the second half of September, 2018 the total Vietnam’s exports of US dollars 10.85 billion and imports of US dollars 9.92 billion resulted in a trade surplus of US dollars 930 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of September was US dollars 20.76 billion, up by 6.1% as compared to the first half of September-2018 (equivalent to USD 1.20 billion). Furthermore, in the first 9 months of 2018, Vietnam was in trade surplus of nearly USD 6.32 billion.

​Vietnam‘s trade-in-goods in the first 9 months of 2018 totaled US dollars 352.61 billion in value terms, expanded by 13.7% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 179.47 billion, moved up by 15.8% and the total merchandise imports valued to US dollars 173.14 billion went up by 11.6%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 9 months of 2018 reached USD 230.43 billion up by 13.8% (equivalent to USD 28.01 billion) as compared to the same period of 2017.

Export:

As compared to the first half of September-2018, second half of the month increase in the total export value (6.1% - USD 627 million equally) is reflected by upturn in iron and steels (up by 82.7% - USD 119 million equally); machine, equipment tools and instruments (up by 14.5% - USD 91 million equally); fishery products (up by 24% - USD 83 million equally); foot-wear (up by 12% - USD 66 million equally); wood and wooden products (up by 20.4% - USD 66 million equally);…

Chart 1: Top 10 exported commodities of 9 months 2018 as compared to the same period of 2017

preliminary assessment of vietnam international merchandise trade performance in the second half of september 2018 9169
Source: Vietnam Customs

Import:

The first half to second half of September increase in the total of import value (6.2%) reflected upturn in petroleum products (up by 97.3% - USD 163 million equally); coal (up by 145.9% - USD 98 million equally); machine, equipment tools and instruments (up by 6.9% - USD 92 million equally); motor vehicles (up by 65.5% - USD 57 million); soya beans (up by 6.5 times- USD 55 million);…

Chart 2: Top 10 imported commodities of 9 months 2018 as compared to the same period of 2017

preliminary assessment of vietnam international merchandise trade performance in the second half of september 2018 9169
Source: Vietnam Customs​

Source: Vietnam Customs