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.
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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

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