Import – export increased by over US$18 billion over 2018

The proportion of three largest commodity groups in total export turnover in the first 6 months of 2019. Sketched by: T.Bình

The results that was achieved in the second half of June helped bring the total value of imports and exports in the first 6 months to nearly US$243.48 billion, increasing by 8%, equivalent to an increase of US$18.1 billion over the same period in 2018.

In particular, the total value of import and export of foreign direct investment enterprises (FDI) reached US$153.87 billion, increasing by 6% (equivalent to an increase of US$8.67 billion); import and export value of domestic enterprises was US$89.61 billion, increasing by 11.8% (equivalent to an increase of US$9.43 billion).

Notably, in the second half of June, the trade balance of goods reached a surplus of US$1.5 billion. Thus it brought the country's trade surplus in the first six months up to US$1.59 billion.

Specifically, for export, the total value in the second half of June reached US$11.23 billion, increasing by 10.4% compared to the first 15 days of June 2019.

Commodity groups increasing sharply included phones and accessories by US$353 million, equivalent to 20.6%; computers, electronic products and components increased by US$116 million, equivalent to 8.1%; textiles increased by US$79 million, equivalent to 5.6%; precious stones, precious metals and products increased by US$77 million, corresponding to 66.7%; machinery, equipment, tools and spare parts increased by US$45 million, equivalent to 6.6%.

By the end of June, the total export value of Vietnam reached US$122.53 billion, an increase of 7.2%, equivalent to US$8.21 billion over the same period last year.

In particular, FDI enterprises contributed US$84.45 billion, increasing by 5.5% (equivalent to an increase of US$4.4 billion USD) over the same period last year, accounting for 68.9% of the total export value of the country.

In terms of imports, the total value in the second period of June reached US$9.73 billion, increasing slightly by 0.4% (equivalent to an increase of US$39 million in absolute numbers) compared to the performance in the first half of this month.

The import value of goods in the second period increased in some groups compared to the first period mainly such as telephone of all kinds increased by US$115 million, equivalent to 27.2%; feedstuffs and raw materials increased by US$45 million, equivalent to 35.1%; petroleum of all kinds increased by US$36 million, equivalent to 26.5%; machinery, equipment, tools and spare parts increased by US$30 million, equivalent to 2.1%.

Data of the General Department of Vietnam Customs recorded a decrease in number of imported goods such as: fabrics decreased by 34%, equivalent to a decrease of 6%; iron and steel scrap fell by US$32 million, equivalent to 39.4%; cotton of all kinds decreased by US$28 million, equivalent to a decrease of 19.3%.

By the end of June, the total import value of the whole country reached US$120.94 billion, increasing by 8.9%, equivalent to US$9.88 billion compared to the same period in 2018.

The import value of FDI enterprises reached US$69.41 billion, an increase of 6.5% (equivalent to US$4.26 billion) over the same period in 2018, accounting for 57.4% of the total import value of the country.