Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2018

Vietnam‘s trade-in-goods from January to the first half of April of 2018 totaled US dollars 125.72 billion in value terms. It posted a growth of 17% (equivalent to USD 18.24 billion) from the same period of previous year.

In which, the total merchandise exports value was up 22.8% to nearly US dollars 64.41 billion and the total merchandise imports value was up 11.4%, to US dollars 61.61 billion.

In the view of FDI traders, the total value of exportation and importation in the first half of April reached USD 10.99 billion, down by 20.6% (equivalent to USD 2.85 billion) in comparison to the second half of March, 2018. Up to the April, 15th 2018, the total merchandise trade value of FDI traders was USD 82.42 billion, 17.7% higher than the performance of the same period of 2017.

Export:

When compared with the second half of March-2018, export of first half of April decreased by 20.8%, mostly as a result of the decline registered in telephone, mobile phones and part thereof (down by 25.6% - USD 654 million equally); textiles and garments (down by 16.6% - USD 206 million equally); computer, electrical products, spare-parts and components thereof (down by 17.2% - USD 204 million equally); machine, electrical products, spare-parts and components thereof (down by 22.4% - USD 187 million equally); irons and steels (down by 47.6% - USD 121 million equally)…

Import:

In the first half of April 2018, import decreased by 13.3% when compared with second half of March, mainly reflecting the shrunk of computer, electrical products, spare-parts and components thereof (down by 32.2% - USD 632 million equally); machine, electrical products, spare-parts and components thereof (down by 11.8% - USD 168 million equally); petroleum products (down by 31.3%- USD 122 million equally); other base metal (down by 14.5% - USD 48 million equally)…

However, the upturn occurred in imports of some commodities such as corn (up by 2.9 times - USD 93 million equally); irons and steels (up by 7% - USD 28 million equally); wheat (up by 42.4%- USD 18 million equally)…