Exports in the first half of Novemeber: Suffering trade deficit by $26 billion

VCN - The latest preliminary statistics of the General Department of Vietnam Customs showed the total export and import value of Vietnamese goods from November 1 to November 15 reached US$22.09 billion, decreasing by 10.7 percent (equivalent to a decrease of $2.65 billion) compared to the second half of October 2019.
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The development of turnover of the 10 largest export commodity groups between 2018 and 2019, calculation unit is "billion USD". Sketched by: T. Bình

From the beginning of the year to the end of November 15, total import-export value of the whole country reached $450.46 billion, up by 7.6 percent (equivalent to an increase of $31.83 billion) over the same period in 2018.

Notably, in the first half of November, the country suffered a trade deficit of $26 million. However, accumulated from the beginning of the year to November 15, Vietnam had a trade surplus of $9.18 billion.

Regarding exports, the total value of exported goods in the first period reached $11.03 billion, decreasing by 16 percent (equivalent to $2.1 billion) compared to the last 15 days of October.

From the beginning of the year to the end of November 15, total export value of the country reached $229.82 billion, increasing by 8 percent (equivalent to an increase of $17.07 billion) compared to the same period in 2018.

Compared to the second half of October 2019, exports in the first half of November decreased in some items: Telephones and accessories decreased by $ 539 million; electronic computers and components decreased by $351 million; textiles and garments decreased by $135 million; machinery, equipment, tools and other spare parts reduced by $134 million; timber and wooden products decreased by $127 million.

Regarding imports, the value in the first half of November reached $11.06 billion, decreasing by 4.7 percent (equivalent to $549 million) compared to the last 15 days of October 2019. By the end of November 15, total import value of the country reached $220.64 billion, increasing by 7.2 percent (equivalent to an increase of $14.76 billion) over the same period in 2018.

Compared to the second half of October 2019, imports in the first half of November decreased in some key commodities such as: petrol and oil of all kinds decreased by $180 million; telephones of all kinds and components decreased by $129 million; coal of all kinds decreased by $124 million; machinery, equipment, tools and spare parts decreased by $106 million.

Regarding foreign direct investment (FDI) enterprises, in the first 15 days of November, they achieved import and export value of $13.51 billion, a decrease of 11.2 percent, respectively $1.71 billion compared to the second half of October 2019.

From the beginning of the year to the end of November 15, FDI enterprises achieved import and export value of $284.48 billion, increasing by 3.7 percent. The trade balance of goods of FDI enterprises reached a surplus of $1.22 billion in the first half of November, and $29.87 billion if accumulated from the beginning of the year.

The export value of FDI enterprises in this first half reached $7.37 billion, down by 17.2 percent (equivalent to $1.53 billion) compared to the last 15 days of October 2019.

By the end of November 15, the total export value of FDI enterprises hit $157.18 billion, increasing by 4.4 percent, equivalent to an increase of $6.57 billion over the same period in 2018 and accounting for 68.4 percent of the total export value of Vietnam's merchandise.

The import value of FDI enterprises in the first half of November reached $6.15 billion, decreasing by 2.8 percent (equivalent to $177 million) compared to the last 15 days of October 2019.

By the end of November 15, this sector achieved $127.31 billion, increasing by 2.8 percent, equivalent to an increase of $3.52 billion, accounting for 57.7 percent of the total import value of the country.

By Thái Bình/Thanh Thuy

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