Preliminary assessment of Vietnam international merchandise trade performance in December and the whole year 2016

VCN- 1.  According to trade statistics of Vietnam Customs, in December of 2016, there was a 3.5% increase in total external merchandise turnover of Vietnam as compared to the result of November 2016. 

In which, exports went up 2.8 %, to US dollars 16.58 billion and imports expanded 4.3%, to US dollars 17.08 billion. As a result, there was a US dollars 494 million deficit in Vietnam’s trade balance in this month.

2. From the beginning to December 2016, Vietnam‘s trade-in-goods reached US dollars 350.74 billion in total value, 7.1% above the corresponding period of 2015. As compared to result of the January- December period of 2015, total merchandise exports value was up 9.0% to US dollars 176.63 billion and the total merchandise imports value increased 5.2% to US dollars 174.11 billion. Accordingly, Vietnam’s trade balance in the whole year 2016 was in the surplus of US dollars 2.52 billion.

3. Trade data disseminated recently by Vietnam Customs reported that the total value of exportation and importation by foreign direct invested (FDI) traders totaled US dollars 226.21 billion in total in the whole year 2016, up by 8.9% as compared to the result of corresponding period of 2015. Total value of FDI exportation was US dollars 123.92 billion, went up by 12.1%. On import side, the total value of those companies was US dollars 102.29 billion, went up by 5.2%.​

tin nhap 20170209152241

Main Exports and Imports

4. The November of 2016 to December of 2016 expansion in total merchandise exports was due to the upturns in textiles and garments (up by US dollars 400 million); foot-wears (up by US dollars 118 million); machine, wood and wooden products (up by US dollars 115 million)...

tin nhap 20170209152241

5. In 2016, there were 26 main exports reaching above US dollars 1 billion in value terms. Total value of these commodities was US dollars 161.92 billion and accounted for 91.7% total exports value of Vietnam. Moreover, the exported items whose value reached US dollars 10 million were as follows: telephones, mobile phones and parts thereof (US dollars 34.32 billion); textiles and garments (US dollars 23.84 billion); computers, electrical products, spare-parts and components thereof (US dollars 18.96 billion); foot wears (US dollars 13 billion) and machine, equipment, tools and instruments (US dollars 10.14 billion).

6. The November of 2016 to December of 2016 increase in total merchandise imports was due to the upturns in machine, equipment, tools and instruments (up by US dollars 331 million); petroleum products (up by US dollars 177 million);...

tin nhap 20170209152241

7. From the beginning to December of 2016, there were 30 main exports reaching above US dollars 1 billion in value terms. Total value of these commodities was US dollars 151.10 billion and accounted for 86.8% total imports value of Vietnam. Moreover, the exported items whose value reached US dollars 10 million were as follows: machine, equipment, tools and instruments (US dollars 28.37 billion); computers, electrical products, spare-parts and components thereof (US dollars 27.87 billion); textile, leather and foot wear materials and auxiliaries group (US dollars 18.80 billion); telephones, mobile phones and parts thereof (US dollars 10.56 billion).

Trading Partners

8. In Jan-December period, Vietnamese merchandise trade with trading partners in Asia was totaled US dollars 226.05 billion in value terms, which moved up 5.2% as compared to the same period of 2015. Trade-in-goods of Vietnam with America was followed, which reached US dollars 61.88 billion and increased by 11.7%. The values of other continents were Europe: US dollars 51.27 billion, up by 10.3%; Oceania: US dollars 6.21 billion, up by 7.3% and Africa: US dollars 5.34 billion, up by 4.5% in comparison with the same period of prior year.

tin nhap 20170209152241

9. In 2016, there were 28 exporting trading partners and 21 importing trading partners of Vietnam reaching over US dollars 1 billion in value terms. There were also 57% of 131 exporting trading partners and over 70% of importing trading partners having positive growth.

tin nhap 20170209152241

10. Regarding the following Chart, the United States of America was the biggest destination of Vietnamese products with the total value of US dollars 38.5 billion in the whole year 2016; China was the second biggest one; and then Japan, Republic of Korea, Hong Kong…

tin nhap 20170209152241

11. On import side, China was the biggest partner exporting goods to Vietnam with the value of US dollars 50.0 billion from the beginning to December of 2016, and then: Republic of Korea, Japan, Taiwan, Thailand, United States of America, Malaysia, Singapore..

tin nhap 20170209152241
Source: Vietnam Customs

Related News

Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

VCN - During the 2025 Lunar New Year holiday, Hai Phong Customs Department processed 1,547 declarations.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.
Spending US$380 billion for imports, China accounts for 38% of country

Spending US$380 billion for imports, China accounts for 38% of country's imports

VCN - In 2024, the total import turnover of the whole country reached US$380.76 billion, an increase of 16.7% year-on-year (or US$54.41 billion), according to statistics of the General Department of Customs.

Latest News

Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in November of 2024, a 4.1% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of October 2024. Exports went down 5.3 %, to USD 33.73 billion and imports decreased 2.8%, to USD 32.67 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

The Vietnam Customs Statistics announced that in the second half of November, 2024 the total Vietnam’s exports of US dollars 16.9 billion and imports of nearly US dollars 15.73 billion resulted in a trade surplus of US dollars 1.17 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/11/2024) of November-2024, Vietnam’s total exports of US dollars 16.73 billion and imports of US dollars 16.7 billion resulted in a trade surplus of nearly US dollars 31 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of November was US dollars 33.44 billion, down by 9.7% as compared to the second half of October-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

1. According to trade statistics of Vietnam Customs, in October of 2024, a 5.2% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of September 2024. Exports went up 4.6 %, to USD 35.64 billion and imports increased 5.8%, to USD 33.60 billion in terms of month-on-month basis. As a result, there was a USD 2.03 billion surplus in Vietnam’s trade balance in this month.

More News

Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

The Vietnam Customs Statistics announced that in the second half of October, 2024 the total Vietnam’s exports of US dollars 19.39 billion and imports of nearly US dollars 17.63 billion resulted in a trade surplus of US dollars 1.76 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was over US dollars 37.02 billion, up by 16% as compared to the first half of October-2024. Furthermore, in the first 10 months of 2024, Vietnam was in trade surplus of USD 23.35 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of September, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/9/2024) of September-2024, Vietnam’s total exports of US dollars 14 billion and imports of US dollars 14.55 billion resulted in a trade deficit of nearly US dollars 546 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of September was US dollars 28.55 billion, down by 24.9% as compared to the second half of August-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2024

The Vietnam Customs Statistics announced that in the second half of August, 2024 the total Vietnam’s exports of US dollars 20.73 billion and imports of nearly US dollars 17.29 billion resulted in a trade surplus of US dollars 3.45 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first 8 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 8 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in August of 2024, a 2.0% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of July 2024. Exports went up 4.3 %, to USD 37.79 billion and imports decreased 0.4%, to USD 33.74 billion in terms of month-on-month basis. As a result, there was a USD 4.05 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/8/2024) of August-2024, Vietnam’s total exports of US dollars 16.93 billion and imports of US dollars 16 billion resulted in a trade surplus of nearly US dollars 933 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of August was US dollars 32.93 billion, down by 11.4% as compared to the second half of July-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 7 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 7 months of 2024

1. According to trade statistics of Vietnam Customs, in July of 2024, a 9.4% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of June 2024. Exports went up 7.7 %, to USD 36.24 billion and imports increased 11.2%, to USD 33.88 billion in terms of month-on-month basis. As a result, there was a USD 2.36 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of July, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of July, 2024

The Vietnam Customs Statistics announced that in the second half of July, 2024 the total Vietnam’s exports of US dollars 19.89 billion and imports of nearly US dollars 17.28 billion resulted in a trade surplus of US dollars 2.6 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of July was over US dollars 37.17 billion, up by 13.7% as compared to the first half of July-2024. Furthermore, in the first 7 months of 2024, Vietnam was in trade surplus of USD 14.52 billion.
Read More

Your care

Latest Most read
Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in November of 2024, a 4.1% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of October 2024. Exports went down 5.3 %, to USD 33.73 billion and imports decreased 2.8%, to USD 32.67 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

The Vietnam Customs Statistics announced that in the second half of November, 2024 the total Vietnam’s exports of US dollars 16.9 billion and imports of nearly US dollars 15.73 billion resulted in a trade surplus of US dollars 1.17 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/11/2024) of November-2024, Vietnam’s total exports of US dollars 16.73 billion and imports of US dollars 16.7 billion resulted in a trade surplus of nearly US dollars 31 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of November was US dollars 33.44 billion, down by 9.7% as compared to the second half of October-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

1. According to trade statistics of Vietnam Customs, in October of 2024, a 5.2% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of September 2024. Exports went up 4.6 %, to USD 35.64 billion and imports increased 5.8%, to USD 33.60 billion in terms of month-on-month basis. As a result, there was a USD 2.03 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

The Vietnam Customs Statistics announced that in the second half of October, 2024 the total Vietnam’s exports of US dollars 19.39 billion and imports of nearly US dollars 17.63 billion resulted in a trade surplus of US dollars 1.76 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was over US dollars 37.02 billion, up by 16% as compared to the first half of October-2024. Furthermore, in the first 10 months of 2024, Vietnam was in trade surplus of USD 23.35 billion.
Mobile Version