Customs statistics on import and export in December 2018

VCN- The slight decrease in import and export activities and the trade deficit in the last month of 2018 are notable points of import and export activities in December 2018 which has just been announced by the General Department of Vietnam Customs.
customs statistics on import and export in december of 2018 2018: Import and export turnover of many commodities to increase
customs statistics on import and export in december of 2018 Vietnam"s GDP growth rate in 2018 highest in 11 years
customs statistics on import and export in december of 2018 Exciting economic rhythms through customs statistics
customs statistics on import and export in december of 2018

The proportion of import-export turnover between Vietnam and markets in 5 continents in 2018. Chart by : T. B

According to preliminary statistics from the General Department of Vietnam Customs (GDVC) in December 2018, the total import-export turnover of the whole country reached US$ 40.08 billion, down 7.5% compared to November.

In particular, exports reached US$ 19.64 billion, down 9.7% compared to the previous month (equivalent to US$ 2.11 billion); imports reached US$ 20.45 billion, down 5.3% (equivalent to US$ 1.15 billion ).

Thus, the total import-export turnover of the whole country in 2018 reached US$ 480.17 billion, up 12.2% (equivalent to US$ 52.05 billion) compared to the same period in 2017. Of which, export turnover was US $ 243.48 billion, up 13.2%, and import turnover was US$ 236.69 billion, up 11.1%.

The trade balance of goods in December was in a deficit of US $ 0.81 billion. However, at the end of 2018, Vietnam's trade balance was still in a surplus of US$ 6.8 billion.

The General Department of Customs recorded the total import and export turnover of foreign direct investment (FDI) enterprises in December reached US 24.67 billion, down by 14.2% compared to the previous month, bringing the export/import turnover to reached US$ 313.21 billion, up 11.7%, equivalent to US$ 32.83 billion compared to 2017 and accounting for 65.2% of the country’s total import and export turnover.

In particular, the export turnover of FDI enterprises in December reached 13 US$ billion, down 17% from the previous month, bringing the total export turnover of 2018 to US$ 171.53 billion, up 12.4%.

On the other hand, the import turnover of FDI enterprises in December 2018 reached US$ 11.67 billion, down 10.8% from the previous month, bringing the total import turnover of 2018 to US$ 141.68 billion, up 10. 8%.

According to the General Department of Vietnam Customs, the trade balance of FDI enterprises in December 2018 had a surplus of US$ 1.33 billion, bringing the surplus of the whole year to US$ 29.85 billion.

Regarding the import and export market, the General Department of Vietnam Customs recorded that at end of December, Vietnam’s trade exchange with continents increased compared to 2017. In which, the highest increase was in Oceania (up 19.1%) followed by the Americas (up 14.6%).

customs statistics on import and export in december of 2018 Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2018

The Vietnam Customs Statistics announced that in the second half of September, 2018 the total Vietnam’s exports ...

The total value of Vietnam's goods exchange with Asian markets in 2018 reached US $ 321.4 billion, an increase of 11.9% compared to 2017 and this is a continent with the highest proportion (66.9%) in the total import-export turnover of the whole country.

The turnover in the Americas market reached US$ 78.37 billion, up 14.6%; in Europe reaching US$ 64.11 billion, up 10.5%; in Oceania achieving US$ 9.31 billion, up 19.1%; Africa reaching US$ 6.98 billion, up 3.9%.

By Thai Binh/Ngoc Loan

Related News

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

VCN - Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.

Latest News

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activities being implemented to develop this potential economic sector.
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.

More News

Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Read More

Your care

Latest Most read
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activiti
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Mobile Version