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

​The Vietnam Customs Statistics announced that in the first half (01-15/7/2018) of July-2018, Vietnam’s total exports of US dollars 8.34 billion and imports of US dollars 9.22 billion resulted in a trade deficit of nearly US dollars 0.88 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of July was US dollars 17.56 billion, down by 11.5% as compared to the second half of June-2018.

Vietnam‘s trade-in-goods from January to the first half of July of 2018 totaled US dollars 242.45 billion in value terms. It posted a growth of 12.2% (equivalent to USD 26.43 billion) from the same period of previous year.

In the view of FDI traders

, the total value of exportation and importation in the first half of July reached USD 11.29 billion, down by 11.9% (equivalent to USD 1.52 billion) in comparison to the second half of June, 2018. Up to the July, 15th 2018, the total merchandise trade value of FDI traders was USD 156.1 billion, 11.4% higher than the performance of the same period of 2017.

Export:

When compared with the second half of June-2018, export of first half of July decreased by 19.4%, mostly as a result of the decline registered in telephone, mobile phones and parts thereof (down by 23.9% - USD 450 million equally); computer, electrical products (down by 25.6% - USD 323 million equally); machine, equipment, tools and instruments (down by 35.5% - USD 269 million equally); textiles and garments (down by 9% - USD 126 million equally), foot-wear (down by 13.5% - USD 97 million)...

Chart 1: Top 10 main exported commodities of Vietnam in the 7 months of 2018 as compared to the same period of 2017.

tin nhap 20180823162938

Import:Source: Vietnam Customs

In the first half of July 2018, import decrease by 2.8% when compared with second half of April, mainly reflecting the widen computer electrical products (down by 12.5% - USD 215 million equally); petroleum products (down by 41% -

Chart 2: Top 10 main imported commodities of Vietnam in the 7 months of 2018 as compared to the same period of 2017.

tin nhap 20180823162938
Source: Vietnam Customs

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