Preliminary assessment of Vietnam international merchandise trade performance in December and the whole year 2015
1. In December of 2015, trade statistics compiled by Vietnam Customs recorded a 1.8% upturns in total external merchandise turnover of Vietnam as compared to the result of a month earlier. In which exports went down 1.1%, to USD 13.73 billion and imports increased 4.9%, to USD 14.30 billion. Consequently, there was a USD 563 million surplus in Vietnam’s trade balance in this month. 2. From the beginning to December of 2015, Vietnam‘s trade-in-goods reached US dollars 327.76 billion in value terms, 10.0% higher than the corresponding period of 2014. As compared to result of the whole year 2014, total merchandise exports value rose 7.9%, to US dollars 162.11 billion and the total merchandise imports value rose 12.0%, to US dollars 165.65 billion. Accordingly, Vietnam’s trade balance for January- December period of 2015 was in the deficit of US dollars 3.54 billion. 3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders was USD 207.87 billion in total in the whole year of 2015, up by 16.7 % as compared to the result of corresponding period of 2014. Total value of FDI exportation was USD 110.59 billion and expanded by 17.7%. On import side, the total value of those companies was USD 97.26 billion and picked up by 15.5%.
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Main Exports and Imports
4. The November of 2015 to December of 2015 reduction in total merchandise exports was mainly contributed by the downturns in telephones, mobile phones and parts thereof (down by USD 1.06 billion); computers, electrical products and parts thereof (down by USD 199 million)…
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5. The commodities, of which the upwards resulted in significant expansion in total exports value in January-December period of 2015 as compared to that of 2014, were as follows: telephones, mobile phones and parts thereof (up by USD 6.58 billion); computers, electrical products, spare-parts and components thereof (up by USD 4.18 billion); textiles and garments (up by USD 1.90 billion)...
6. The November of 2015 to December of 2015 increase in total merchandise imports was due to the upwards in machine, equipment, tools and parts thereof (up by USD 326 million); iron and steel (up by USD 154 million); motor vehicles (up by USD 145 million)...
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7. From the beginning to December of 2015, Vietnam Customs Statistics recorded a strong growth in value terms of some imported commodities, which led to the upturns in total as compared to performance of the corresponding period in 2014. They were as follows: machine, equipment, tools and instruments (up by USD 5.20 billion); computers, electrical products and parts thereof (up by USD 4.40 billion); telephones, mobile phones and parts thereof (up by USD 2.10 billion) …
Trading Partners 8. From the beginning to December of 2015, Vietnamese merchandise trade with trading partners in Asia was totaled USD 214.90 billion in value terms, which moved up 8.9% as compared to the same period of 2014. Trade-in-goods of Vietnam with America followed, which reached USD 55.42 billion and increased by 18.6%. The values of other continents were Europe: USD 46.55 billion, up by 9.4% ; Oceania: USD 5.79 billion, down by 16.2% and Africa: USD 5.11 billion, up by 9.8% in comparison with the same period of last year.
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9. Regarding the following Chart, the United States of America was the biggest destination of Vietnamese products with the total value of US dollars 30.4 billion in the whole year 2015; China was the second biggest one; and then Japan, Republic of Korea, Hong Kong….
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10. On import side, China was the biggest partner exporting goods to Vietnam with the value of US dollars 49.5 billion from the beginning to December of 2015, and then: Republic of Korea, Japan, Taiwan, Thailand, United States of America, Singapore, Malaysia, …
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