On March 15, 2017: a trade deficit of $US 1.81 billion
Vietnam posts trade deficit of US$1.2 bln in February | |
On 15 February, 2017: More than $US 1.21 billion of trade deficit | |
Binh Duong and Thai Nguyen exceeded Bac Ninh on exports |
Import turnover of the 10 largest groups of Vietnam (accumulated to 15/03/2017 compared to the same period in 2016) |
The statistics of the General Department showed that, the Vietnam total import –export turnover in the first period of March, 2017 (from March, 1 to March 3, 2017) gained more than $US 16.6 billion, up by 18.3 % (equivalent to an increase of $US 2.56 billion) compared to the second period of February, 2017.
In the first half of March, 2017, the foreign direct investment enterprises (FDI) reached the import-export turnover of nearly $US 10.68 billion, up by 17.3%, equivalent to an increase of $US 1.58 billion compared to the second half of February, 2017. By the end of March 15, 2017, the FDI enterprises’ import and export turnover reached more than $US 46.64 billion, up by 18%, equivalent to an increase of nearly $US 7.11 billion compared to the same period in 2016. The balance of trade in goods of the FDI enterprises in the first half of March, 2017 was in trade surplus of $US 166 million, bringing the trade surplus of this group from the beginning of the year to the end of March, 15, 2017 to nearly $US 2.68 billion.
For exports, Vietnam's export turnover in the first month of March, 2017 reached more than $US 7.81 billion, up by 8.3% (equivalent to an increase of $US 597 million) compared with the second half of February, 2017. By the end of March 15, 2017, the country's export turnover was $US 35.22 billion, up by 14.7% (equivalent to an increase of $US 4.51 billion), compared to the same period in 2016.
Compared to the second half of March, 2017, exports in the first period of March 2017 fluctuated sharply in the following commodity groups: Computers, electronic products and components up by 19.1%, equal to $US 167 million; Textiles garments up by 19%, equal to $US 160 million; Telephones and accessories up by 9.2%, equal to $US 110 million; Rice up by 64.6%, equal to $US 49 million.
Meanwhile, Iron and Steel decreased by 48.5%, equivalent to $US 76 million; Crude oil decreased by 43.3%, equivalent to $US 54 million; Rubber decreased by 20.7%, equivalent to $US 18 million; Iron and steel products decreased by 11.5%, equivalent to $US 10.7 million.
The export value of FDI enterprises in this period reached more than $US 5.42 billion, up by 7.8% (a corresponding increase of $US 390 million) compared to the second half of February, 2017. Thus, up to March 15, 2017, the export turnover of FDI enterprises reached nearly $US 24.66 billion, accounting for 70% of the country’s total export turnover, up by 14.1%, a corresponding increase of over $US 3.05 billion over the same period in 2016.
For imports, the import value of Vietnam in the first period of March, 2017 reached more than $US 8.79 billion, up by 28.8% (corresponding to an increase of nearly $US 1.97 billion) compared to the second half of February, 2017. By the end of March 15, 2007, the country's total import turnover reached over $US 37.03 billion, up by 24.8% (corresponding to an increase of nearly $US 7.36 billion) over the same period last year
Compared to the second half of March, 2017, the imports in the first period of March, 2017 increased sharply in the commodity groups as below: Machinery, equipment, tools and other spare parts increasing by 33.8%, equal to $US 391 million ; Computers, electronic products and components rising by 22.7%, equivalent to $US 249 million; Fabrics increasing by 49.3%, equivalent to $US 144 million; Petrol and oil increasing by 55.5%, equivalent to $US 124 million; Telephones and accessories increasing by 24.7%, equivalent to $US 107 million.
Meanwhile, Corn fell by 69.2%, corresponding to $US 44 million; Animal feed and raw materials fell by 13.2%, corresponding to $US 23 million; Products from other normal metals fell by 19.8%, corresponding to $US 8.5 million.
Trade deficit comes back VCN- In contrast to the surplus in 2016, the first two months in 2017 showed that the ... |
The import value of FDI enterprises in the first period of March, 2017 reached nearly $US 5.26 billion, up by 29.1% (equivalent to an increase of nearly $US 1.19 billion) compared to the second half of February, 2017. Thus, up to March 15, 2017, the import turnover of FDI enterprises reached more than $US 21.98 billion, increasing by 22.6%, equivalent to nearly $US 4.05 billion, accounting for 59.4%. % of the country’s total import value.
Related News
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Exports in first 2 months reach high record ever
08:23 | 31/03/2024 Import-Export
Trade deficit from China in the first two months of the year hits over US$ 11 billion
10:04 | 19/03/2024 Import-Export
Car imports surges in February
10:23 | 14/03/2024 Import-Export
Latest News
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
More News
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
Your care
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export