Preliminary assessment of Vietnam international merchandise trade performance in November and the 11 months of 2016

2. In the 11 months (January-November) of 2016, Vietnam‘s trade-in-goods reached US dollars 316.90 billion in total value, 5.8% above the corresponding period of 2015. As compared to result of the January- November period of 2015, total merchandise exports value was up 7.8% to US dollars 159.94 billion and the total merchandise imports value increased 3.7% to US dollars 156.96 billion. Accordingly, Vietnam’s trade balance in the 11 months of 2016 was in the surplus of US dollars 2.98 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 205.20 billion in total in January- November period of 2016, up by 7.3% as compared to the result of corresponding period of 2015. Total value of FDI exportation was US dollars 112.45 billion, went up by 10.8%. On import side, the total value of those companies was US dollars 92.75 billion, went up by 3.5%.​

4. The October of 2016 to November of 2016 expansion in total merchandise exports was due to the upturns in telephones, mobile phones and parts thereof (up by US dollars 439 million); foot-wears (up by US dollars 172 million); machine, equipment, tools and instruments (up by US dollars 90 million)...

Main Exports and Imports

5. The commodities, of which the upwards resulted in increase in total exports value in the 11 months of 2016 as compared to that of 2015, were as follows: telephones, mobile phones and parts thereof (up by US dollars 3.2 billion); computers, electrical products and parts thereof (up by US dollars 2.4 billion); machine, equipment, tools and instruments (up by US dollars 2.0 billion);…

6. The October of 2016 to November of 2016 increase in total merchandise imports was due to the upturns in machine, equipment, tools and instruments (up by US dollars 352 million); plastics (up by US dollars 61 million);...

7. From the beginning to November of 2016, Vietnam Customs Statistics recorded a rise in value terms of some imported commodities, which led to the upturns in total as compared to performance of the corresponding period in 2015. They were as follows: computers, electrical products and parts thereof (up by US dollars 4.0 billion); plastic products (up by US dollars 567 million); other base metal (up by US dollars 484 million)…

Trading Partners

8. In Jan-November period, Vietnamese merchandise trade with trading partners in Asia was totaled US dollars 203.92 billion in value terms, which moved up 3.7% as compared to the same period of 2015. Trade-in-goods of Vietnam with America was followed, which reached US dollars 56.05 billion and increased by 10.9%. The values of other continents were Europe: US dollars 46.42 billion, up by 9.7%; Oceania: US dollars 5.64 billion, up by 5.4% and Africa: US dollars 4.87 billion, up by 1.0% in comparison with the same period of prior year.

9. From the beginning to November of 2016, 4 exporting markets of Vietnam with turnover of over US dollars 10 billion were the United States of America (reached US dollars 34.8 billion); China (reached US dollars 19.6 billion), Japan (reached US dollars 13.3 billion) and Republic of Korea (reached US dollars 10.4 billion).

10. On import side, there were four partners exporting goods to Vietnam with turnover of over US dollars 10 billion in Jan-November period. They were as follows: China (reached US dollars 45.1 billion); Republic of Korea (reached US dollars 28.9 billion); Japan (reached US dollars 13.6 billion); Taiwan (reached US dollars 10.2 billion).