Imports, exports exceed 177 billion USD

Vietnam has remained in trade surplus to 15/7. In the photo, are import and, export activities at Haiphong port – Taken by T.Binh

Since the beginning of 2016 until 15 July 2016, the balance of trade remained surplus at around $1.61 billion USD, a small reduction in comparision with 30/6/2016.

According to the General Department of Vietnam Customs, to 15/7/2016, total national export turnover reached 89.3 billion USD, increased by 6.5% (which is commensurate with raising 5.44 billion USD) over the same period in 2015.

Particularly, compared to the second half of June, export activities during the first half of July experienced a huge fluctuation with the direction of growth in some commodities such as: Cement and Clinker increased by 36.5%, corresponding to an increase of $6 million USD; Fruits and Vegetables increased by 28.7%, corresponding to an increase of $26 million USD; Rubber increased 18.3%, corresponding to an increase of $12 million USD.

In contrast to those commodity groups’ growth, some exports decreased such as: Coal down 98.9% corresponding to a decrease of $3 million USD; Iron and Steel decreased by 48.3%, corresponding to a decrease of $59 million USD; Precious stones, Non-ferrous metal products decreased by 36.9%, corresponding to a decrease of $35 million USD; Chemical substances slipped 31%, corresponding to a decrease of $16 million USD.

For imports, to 15/7, national import turnover reached nearly $87.7 billion USD, decreased by 0.7% (corresponding to a decrease of $584 million USD) over the same period in 2015.

Compared with the second half of June, during the first period of July, imports activities increased in some commodity groups such as: Tobacco materials increased by 51.7%, corresponding to an increase of $5 million USD; Cameras, Video cameras and accessories increased by 45%, corresponding to an increase of $16 million USD; Cattle feed and raw materials increased by 41.9%, corresponding to an increase of $53 million USD; Motorcycles and Components increased by 29.9%, corresponding to an increase of $5 million USD.

In contrast, some commodities witnessed a fall in import turnover such as: Soybeans fell by 73%, corresponding to a decrease of $74 million USD; Other Vehicles and parts decreased by 61.6%, corresponding to a decrease of $36 million USD; Liquefied petroleum gas droped by 59.7%, corresponding to a decrease of $14 million USD; Ores and other Minerals sliped by 45.3%, corresponding to a decrease of $16 million USD.