On 15 February, 2017: More than $US 1.21 billion of trade deficit
Preliminary assessment of Vietnam international merchandise trade performance in November and the 11 months of 2016 | |
Securities face a deficit in demand in 2017 | |
Beginning of 2017, trade deficit return |
Export turnover of the largest commodity groups of Vietnam (accumulated to 15 February, 2017 compared to the same period in 2016) |
The latest preliminary statistics of the General Department of Customs showed that the total of Vietnam’s exports and imports in the first period of February, 2017(from 01/02 to 15/02/2017) reached more than $US 14.22 billion, up by 10.9% (corresponding to an increase of $US 1.4 billion) compared to the second period of January, 2017.
In the first 15 days of February, 2017, the FDI group reached more than $US 9.3 billion of export turnover, increasing by 13.1%,corresponding to an increase of nearly $US 1.08 billion against the second half of January, 2017. Till 15 February, 2017, this group reached nearly $US 26.89 billion of export turnover, increasing by 25.2%, corresponding to an increase of $US 5.41 billion compared to the same period in 2016. The FDI enterprise group’s BOT in the first half of February, 2017 was in a deficit of $US 784 million, bringing this group’s trade surplus from the beginning of the year to 15 February, 2017 to over $ US1.55 billion.
Regarding exports, Vietnam’s export turnover in the first period of February, 2017 reached nearly $US 5.89 billion, down by 15.9% (equivalent to a decrease of nearly $US 1.12 billion) compared to the second half of January, 2017. By the end of 15 February, 2017, the country’s export turnover reached more than $US 20.22 billion, up by 18.5% (equivalent to an increase of more than$US 3.16 billion) over the same period in 2016.
Compared to the second half of January, 2017, exports in the first half of February, 2017 had great changesin the following commodity groups: Telephones and accessories rose by 16.6%, equivalent to an increase of $US 166 million; Computers, electronic products and components rose by 13.8%,equivalent to an increase of $US 96 million; Fibers andyarnsrose by 44.8%, equivalent to an increase of $US39 million; and Petrol and oil rose by 87.4%, equivalent to an increase of $US 29 million. Meanwhile, Textiles fell by 53.4%,equivalent to a decrease of $US625 million; Footwear fell by 29.3%,equivalent to a decrease of $US159 million; Wood and wooden products fell by 44.3%,equivalent to a decrease of $US 133 million; Handbags, wallets, suitcases, hats, umbrellas falling by 57.4%,equivalent to a decrease of $US90 million; and Vehicles and parts fell by28%,equivalent to a decrease of $US 82million.
The export value of the FDI group in this period reached nearly $US4.26 billion, down by 10.9% (equivalent to a decrease of $US 519 million), compared to the second half of January, 2017. Thus, at the end of 15 February, 2017, the export turnover of FDI group reached nearly reached nearly $US 14.22 billion, up by 21.3%, equivalent to an increase of $US 2.49 billion over the same period in 2016 and accounting for 70.3% of total country’s export turnover.
Regarding imports, the value of imports of Vietnam in the first period of February, 2017 reached nearly $US 8.34 billion, up by 43.3% (corresponding to an increase of nearly $US 2.52 billion), compared to the second half of January, 2017. At the end of 15 February, 2017, the country’s import turnover reached nearly $US 21.43 billion, up by 31.7% (corresponding to an increase of more than $US 5.16 billion) over the same period in 2016.
Compared to the second half of January, 2017, exports in the first period of February, 2017 have great changes on the following commodity groups: Computers, electronic products and components increased by 38.7%,equivalent to an increase of $US387 million; Machines, equipment, tools and other spare parts increased by 35%, equivalent to an increase of $US352 million; Plastic materials increased by 87.9%, equivalent to an increase of $US151 million; Iron and Steel increased by 52.1%, equivalent to an increase of $US138 million; Telephones and accessories increased by28.4%, equivalent to an increase of $US115 million. Meanwhile, Petrol and oil dropped 30.9%, equivalent to a decrease of $US 94 million; Soybeans dropped by 69.3%, equivalent to a decrease of $US 25 million; and Corn dropped by 19.1%, equivalent to a decrease of $US15 million
Binh Duong and Thai Nguyen exceeded Bac Ninh on exports VCN – Finishing 2016, Bac Ninh was the second largest export province of the country, far exceeding ... |
The import value of the FDI group in the first period ofFebruary, 2017 reached more than $US 5.04 billion, up by 108% (equivalent to nearly $US2.62 billion), compared to the second half of January, 2017, Therefore, at the end of 15 February, 2017, the import turnover of FDI group reached nearly $US 12.67 billion, equivalent to nearly $US 2.92, accounting for 59.1% of the total country’s import turnover.
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