Import and Export turnovers in the first two months of 2017 reached more than $US 55.66 billion

Export turnover of the 10 largest commodity groups in February, 2017 compared to February 2016.

In which, the total import-export turnover of foreign direct investment firms reached more than $US 35.98 billion, up 18.5% equivalent to an increase of nearly $US 5.61 billion compared to the same period of 2016.

In the second half of February, 2017, the goods trade balance of the country was in a deficit of $US 386 million, bringing the trade balance of goods in the country in 2 months of 2017 to a deficit $US 803 million.

According to statistics of the General Department of Vietnam Customs, the total import-export turnover of Vietnam in the second half of February, 2017 (from February 16, 2017 to February 28, 2017) reached more than $US 14.04 billion, down 1.3% equivalent to a decrease of $US 181 million, compared to the first half of February, 2017. Of which, the import-export turnover of the foreign direct investment firms reached more than $US 9.1 billion, down 2.1%, equivalent to a decrease of $US 197 million compared to the first half of February, 2017.

For export, the total export turnover of Vietnam in the second half of February 2017 reached more than $US 7.21 billion, up 22.5% (equivalent to an increase of nearly $US 1.33 billion) compared to the first half of February 2017.

The export turnover in the second half of February, 2017 increased compared to the first half of February 2017 mainly due to increase in some commodity categories: garment and textile increased 54.4%, equivalent to an increased of $US 297 million; Wood and wooden products rose by 71.5%, equivalent to an increased of $US 120 million; Footwears increased by 24.1%, equivalent to an increase of $US 93 million; Iron and steel increased 124.1%, equivalent to an increase of $US 87 million. In the contrast, cameras, petroleum products decreased 49.7%, equivalent a decrease of $ US 30 million; Rubber decreased 17.3%, equivalent to a decrease of $US 18 million; Rice fell 19.2%, equivalent to a decrease of $US 18 million; Camcorders and accessories up 11%, equivalent a decreased of $US 15 million.

Therefore, until the end of February 2017, the total export turnover of Vietnam reached nearly $US 27.43 billion, up 15.8%, equivalent to an increase of $US 3.74 billion compared to the same period in 2016.

The statistics of the General Department of Vietnam Customs also show that the value of exported goods of the FDI firms in the second half of February, 2017 reached more than $US 5.03 billion, up 118 .2% equivalent to an increase of $US 774 million compared with the first half of February 2017, thereby raising the total export turnover in the two months of 2017 of the FDI firms increased to nearly $US 19.25 billion, up 16.1% compared to the same period of 2016, accounting for 70.2% of the total export turnover of the country.

For import, the total value of imported goods in Vietnam in the second half of February 2017 reached nearly $US 6.83 billion, down 18.1% (equivalent to a decreased nearly of $US 1.51 billion) compared to the first of February 2017.

The import turnover in the second half of February 2017 decreased compared to the first half of February, 2017 mainly due to increase and decrease in the following commodity categories: fertilizers increased 34.8%, equivalent to an increased of $US 17 million; Petroleum products increased by 6.1%, equivalent to an increase of $US 13 million; Ore and other minerals increased 73.6%, equivalent to $US 8 million. Meanwhile, the computers, electrical products and components fell 21%, equivalent to $US 292 million; Machinery, equipment, tools, spare parts decreased by 14.7%, equivalent to a decrease of $US 199 million; Fabrics decreased by 27.4%, equivalent to a decrease of $US 110 million; Telephones, mobile phones and parts thereof down 16.4%, equivalent to a decreased of $US 85 million.

Trade deficit comes back VCN- In contrast to the surplus in 2016, the first two months in 2017 showed that the ...

Thus, until the end of February, 2017 the total import turnover of the country reached more than $US 28.23 billion, up 23.3% (equivalent to nearly $US 5.34 billion) compared to the same period of 2016.

The value of imported goods of FDI firms in this period reached over $US 4.07 billion, down 19.3%, equivalent to a decrease of $US 971 million compared to the first half of February 2017, thereby raising the total import turnover of FDI firms in February 2017 reached over $US 16.73 billion, up 21.4%, equivalent to an increase of nearly $US 2.95 billion compared to February , 2016.