By the end of November, 2016: $US 2.98 billion of trade surplus

Trade balance deficit of goods was $US 243 million in November, 2016 in the country, so that, the trade surplus of 11 months in 2016 increased by $US 2.98 billion.

According to the General Department of Customs, the total import and export turnover of the country reached nearly $US 32.51 billion in November, 2016, up 4%, increased more than $US 1.26 billion compared to the previous month, of which, exports reached more than $US 16.13 billion, up 4.7%, increase of $US 731 million, imports reached nearly $US 16.38 billion, up to 3.3%, increase of $US 529 million.

The import-export turnover of the FDI sector reached nearly $US 21.09 billion in November, 2016, up 2.8%, an increase of $US 580 million compared to the previous month. Of which, the export turnover reached more than $US 11.6 billion, up 5.6% (a corresponding increase of $US 614 million); import turnover reached more than $US 9.48 billion, down 0.4% (a corresponding decrease of $US 33 million).

By the end of 11 months of 2016, the import and export volume of the FDI sector reached more $US 205.2 billion, up 7.3% compared to the same period in 2015, a corresponding increase of $US 14.1 billion. Among them, the export turnover was $US 112.45 billion, up 10.8%, an equivalent increase of over $US 10.93 billion. The import turnover was $US 92.75 billion, up 3.5%, an equivalent increase of nearly $US 3.17 billion. The surplus in the goods trade balance of the FDI business sector was $US 2.12 billion, so the surplus of this sector was $US 19.7 billion in 11 months of 2016.

For exports, the total export turnover of Vietnam in the second period of November, 2016 reached $US 8.51 billion, up 11.6% (a corresponding increase of $US 886 million in absolute numbers) compared to the first period of November, 2016.

The export turnover of the second period increased more than the first period in November, 2016, because of increase/decrease in a number of the following commodity groups: crude oil increased by 100.5%, up $US 81 million; footwear of all kinds increased 14.6%, up $US 83 million; textiles increased 13.9%, up $US 123 million; telephones of all kinds and accessories of telephones increased 15.1%, up $US 230 million. In reverse, cameras, camcorders and accessories decreased 2.7%, down $US 4 million; Clinker and cement fell 17.3%, down $US4 million; Pepper dropped 16.1%, down $US 6 million; Rice fell 18.9%, down $US 15 million; computers, electronic products and components fell 5.8%, down $US 57 million;…

Thus, by the end of November, 2016, the total export turnover of Vietnam reached more than $US 159.94 billion, up 7.8%, a corresponding increase of $US 11.61 billion compared to the same period in 2015.

The preliminary statistics of the General Department of Customs also showed that the export value of enterprises in foreign direct investment (FDI) reached nearly $US 6.09 billion in the second period of November, 2016, increased 10.2%, by $US 565 million compared to the first period of this month. Thereby, the total export turnover of this business group increased $US 112.45 billion in 11 months of 2016, up 10.8%, a corresponding increase of nearly $US 10.94 billion compared to the same period last year and accounted for 70.3% of the total export value of the country.

For imports, the total import value of Vietnam in the second period of November, 2016 reached nearly $US 8.24 billion, a slight increase of 0.5% (a corresponding increase of $US 41 million in absolute numbers) compared to the performance result in the first period of November, 2016.

The import turnover of the second period increased more than the first period in November, 2016, because of increase/decrease in a number of the following commodity groups: coal increased by 30.3%, corresponding up $US 12 million; fertilizers of all kinds increased by 50.7%, corresponding to $US 19 million; animal feed and raw materials increased by 41.5%, corresponding to $US 53 million; petroleum of all kinds increased by 30.8%, corresponding to $US 66 million; Other vehicles and spare parts increased 4.5 times, corresponding to $US 159 million;... Meanwhile, plastic materials fell by 10.1%, down $US 34 million, corn fell by 43%, down $US 39 million; iron and steel of all kinds fell by 13.6%, down $US 52 million; computers, electronic products and components fell by 4.9%, down $US 64 million;....

Thus, by the end of November, 2016, the total import turnover of the country reached $US 156.96 billion, up 3.7% (a corresponding increase of nearly $US 5.64 billion) compared with the same period in 2015.

The imported goods of FDI businesses reached $US 4.64 billion in the second period of November, down by 4.5%, $US 221 million, compared to the first period of November, 2016, thereby, the total import turnover of this business group reached $US 92.75 billion, up 3.52%, $US 3.17 billion compared to the same period in 2015 and accounted for 59.1% of the total of Vietnam's import value.