Main imports in the first 2 months of 2017

VCN- Imports of goods in the first 2 months of 2017 increased sharply by 23.3% compared to the same period in 2016. Specifically, the 10 largest imports reached more than $US 18.22 billion, accounting for 64.5% of total import turnover of Vietnam.
main imports in the first 2 months of 2017 Vietnam requests Australia roll back ban on shrimp imports
main imports in the first 2 months of 2017 Vietnam halts US poultry imports to prevent bird flu spread
main imports in the first 2 months of 2017 The trade surplus of more than $US 370 million to Japan in early 2017
main imports in the first 2 months of 2017
Imports of goods in the first 2 months of 2017 increased sharply by 23.3% compared to the same period in 2016.

The largest imports were machinery, equipment, tools and spare parts, accounting for 17.1%; the second largest imports were computers, electronic products and components with a proportion of 16.3%; followed by telephones and accessories with a proportion of 6.3%.

Machinery, equipment and spare parts: The import turnover of this commodity group in the first 2 months of 2017 increased sharply compared to the same period in 2016. Specifically, in February 2017, Vietnam imported machinery, equipment and spare parts were worth more than $US 2.51 billion, an increase of 7.5% compared to the previous month. Thus, the total import turnover of this commodity group in the first 2 months of 2017 reached nearly $US 4.82 billion, an increase of 30.8% compared to the same period in 2016.

Machinery, equipment and spare parts in the first 2 months of 2017 were mainly imported from China with a turnover of nearly $US 1.5 billion, an increase of 26.7% compared to the same period in 2016. Imports from South Korea reached $US 1.31 billion, an increase of 83.5% compared to the same period in 2016; and imports from Japan reached $US 676 million, an increase of 15.5% compared to the same period in 2016.

Computers, electronic products and components: In the first 2 months of 2017, this commodity group increased by 18.4% compared to the same period in 2016. Specifically, in February 2017, Vietnam imported computers, electronic products and components worth $US 2.49 billion, an increase of 16.9% compared to the previous month. Thus, the import turnover in the first 2 months of 2017 reached more than $US 4.61 billion.

In the first 2 months of 2017, computers, electronic products and components were mainly imported from South Korea with a turnover of $US 1.52 billion, an increase of 24.5% compared to the same period in 2016. Imports from China reached $US 983 million, an increase of 29.6% compared to the same period in 2016; and imports from Taiwan reached $US 492 million, an increase of 15.6% compared to the same period in 2016.

Phones and accessories: The import turnover of this commodity group in February 2017 reached $US 955 million, an increase of 14.5% compared to the previous month. Thus, the import turnover of this commodity group in the first 2 months of 2017 reached more than $US 1.79 billion, an increase of 18.6% compared to the same period in 2016.

Phones and accessories were mainly imported from China with a turnover of nearly $US 1.01 billion, an increase of 4.6% compared to the same period in 2016; and imports from Korea reached $US 583 million, an increase of 26% compared to the same period in 2016.

Iron and steel: In the first two months of 2017, the imports of this commodity increased by 49.3% in value, but only increased by 0.2% in volume compared to the same period in 2016. Specifically, the imports of iron and steel reached $US 232 million, an increase of 22.9% in volume and 25.3% in value compared to the previous month. Thus, the import turnover of iron and steel in the first 2 months of 2017 reached nearly 2.74 million tons, worth more than $US 1.49 billion.

Iron and steel in the first 2 months of 2017 were mainly imported from China with a turnover of more than 1.53 million tons, worth $US 786 million, an increase of 7.6% in volume and an increase of 61.8% in value compared to the same period in 2016. Imports from South Korea reached 304 thousand tons, worth $US 202 million, an increase of 17.8% in volume and an increaser of 57.3% in value. Imports from Japan reached 334 thousand tons, worth $US 197 million, a decrease of 1.2% in volume and a decrease of 36.8% in value.

Fabrics: The import turnover of this commodity good in February 2017 reached $US 692 million, an increase of 4.5% compared to the previous month. Thus, the import value of this commodity group in the first 2 months of 2017 reached $US 1.35 billion, an increase of 3.5 % compared to the same period in 2016.

Fabrics were mainly imported from China with a turnover of $US 671 million, an increase of 0.2% compared to the same period in 2016. Imports from South Korea reached $US 276 million, an increase of 11.3% compared to the same period in 2016. Imports from Taiwan reached $US 198 million, an increase of 2.4% compared to the same period in 2016.

main imports in the first 2 months of 2017 On 15 February, 2017: More than $US 1.21 billion of trade deficit

VCN - According to statistical data on imports and exportsannounced by the General Department of Customs, on ...

Plastic materials: The import turnover of this commodity in Februrary 2017 reached 404 thousand tons, worth $US 586 million, an increase of 31.3% in volume and an increase of 30.9% in value compared to the previous month. Thus, the import turnover of this commodity group in the first 2 months of 2017 reached 712 thousand tons, worth more than $US 1.03 billion, an increase of 23.7% in volume and an increase of 33.7% in value compared to the same period in 2016.

By Ha Nhi/ Hoang Anh

Related News

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

VCN - Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Risk prevention solutions for processing and export manufacturing businesses

Risk prevention solutions for processing and export manufacturing businesses

VCN - Identifying common errors to comply with regulations, prevent risks, and limit errors arising in preparing final settlement reports is an issue of concern to many export processing and manufacturing enterprises.

Latest News

Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - As of April 15, Vietnam’s import-export turnover achieves US$208.94 billion, the General Department of Vietnam Customs releases.

More News

Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Policies needed to encourage e-commerce to embrace circular economy

Policies needed to encourage e-commerce to embrace circular economy

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activities being implemented to develop this potential economic sector.
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Read More

Your care

Latest Most read
Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - Many commodity groups earned the export turnover of hundreds of millions of USD such as footwear; vehicles and spare parts; Cameras, camcorders and accessories…
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Mobile Version