Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2019

Highlights 1. According to trade statistics of Vietnam Customs, in March 2019, a 53.7% upwards in total external merchandise turnover of Vietnam was recorded on a month-on-month basis. Exports jumped 63.8 %, to USD 22.78 billion and imports remarkably went up 44.2%, to USD 21.15 billion as compared to the result of February 2019. As a result, there was a USD 1.63 billion surplus in Vietnam’s trade balance in this month.

​​2. In the first quarter of 2019, Vietnam‘s trade-in-goods totaled US dollars 116.31 billion in value terms, 6.6% above the corresponding period of last year. As compared to result of a year earlier, total merchandise exports value rose 5.3%, to US dollars 58.86 billion and the total merchandise imports value increased 8.0% to US dollars 57.45 billion. Accordingly, Vietnam’s trade balance in this period was in the surplus of US dollars 1.41 billion.

3.Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 74.54 billion in total from beginning to March 2019, up by 3.8% as compared to the result of corresponding period of 2018. Total value of FDI exportation was USD 41.08 billion, went up by 3.1%. On import side, the total value of those companies was USD 33.45 billion, went up by 4.6%.

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019

Main Exports and Imports

4. On a month-on-month basis, an increase in total merchandise exports was due to the upturns in telephones, mobile phones and parts thereof (up by USD 1.93 billion); textiles and garments (up by USD 1.23 billion); computers, electrical products and parts thereof ( up by USD 1.03 million);…

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019

5. On a year-on-year basis, exports expanded USD 2.96 billion. The main products, which contributed to the increase, were computers, electrical products and parts thereof (up by USD 719 million); textiles and garments (up by USD 685 million); foot-wears (up by USD 485 million); …

6. On month-on-month basis, a growth in total merchandise imports was due to the upturns of the commodities as follows: computers, electrical products, spare-parts and components thereof (up by USD 1.07 billion); machine, equipment, tools and instruments (up by USD 949 million); fabrics (up by USD 453 million); …

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019

7. On year-on-year basis, imports went up USD 4.23 billion. The growth in imports was mainly contributed by the upturns of the following products: computers, electrical products, spare-parts and components thereof (up by USD 4.23 billion); machine, equipment, tools and instruments (up by USD 991 million); crude oil (up by USD 860 million); …

Trading Partners

8. In the first quarter of 2019, Vietnamese merchandise trade with trading partners in Asia was totaled USD 76.51 billion in value terms, which moved up 4.8% as compared to the same period of 2018. Trade-in-goods of Vietnam with America was followed, which reached USD 20.65 billion and increased by 19.4%. The values of other continents were Europe: USD 15.63 billion, up by 4.1%; Oceania: USD 2.17 billion, up by 3.6% and Africa: USD 1.35 billion, down by 15.6% in comparison with the same period of last year.

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019

9. For January-March period of 2019, 4 importing markets of Vietnam with turnover of over USD 4 billion were: The United States of America (reached USD 13.3 billion); China (reached USD 7.6 billion); Japan (reached USD 4.6 billion); Republic of Korea (reached USD 4.6 billion).

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019

10. According to the following chart, top 3 big sources of Vietnam’s imports were as follows: China (reached USD 16.2 billion); Republic of Korea (reached USD 11.5 billion); Japan (reached USD 4.3 billion).

preliminary assessment of vietnam international merchandise trade performance in the first quarter of 2019
Source: Vietnam Customs

Related News

Goods trading, being seen from Lang Son border gate

Goods trading, being seen from Lang Son border gate

VCN - At this time, import and export activities at the three international border gates of Huu Nghi, the bilateral border gate of Chi Ma and the secondary border gate of Tan Thanh are all very active. This is also the answer to the question of why Lang Son's import and export turnover in 2024 increased sharply.
Commodity group expects to hit import turnover of US$100 billion

Commodity group expects to hit import turnover of US$100 billion

VCN - With an average turnover of US$8.85 billion/month, it is expected that by mid-December, computers, electronic products and components will be the first imported goods group to reach the import turnover worth US$100 billion.
7 key export groups bring in US$234.5 billion

7 key export groups bring in US$234.5 billion

VCN - From the beginning of the year to November 15, the whole country has seven export groups with a turnover of US$10 billion or more.
Shrimp export prospects at the end of the year

Shrimp export prospects at the end of the year

VCN- Demand for seafood imports in key markets are soaring, helping Vietnam's seafood exports record impressive growth. In particular, shrimp exports are recording many positive results.

Latest News

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.

More News

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

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

The Vietnam Customs Statistics announced that in the first half (01-15/7/2024) of July-2024, Vietnam’s total exports of US dollars 16.26 billion and imports of US dollars 16.43 billion resulted in a trade deficit of nearly US dollars 170 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of July was US dollars 32.69 billion, down by 0.3% as compared to the second half of June-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of June, 2024

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

The Vietnam Customs Statistics announced that in the second half of June, 2024 the total Vietnam’s exports of US dollars 17.94 billion and imports of nearly US dollars 14.86 billion resulted in a trade surplus of US dollars 3.08 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of June was over US dollars 32.8 billion, up by 5.4% as compared to the first half of June-2024. Furthermore, in the first 6 months of 2024, Vietnam was in trade surplus of USD 11.85 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2024

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

VCN - The Vietnam Customs Statistics announced that in the first half (01-15/6/2024) of June-2024, Vietnam’s total exports of US dollars 15.73 billion and imports of US dollars 15.4 billion resulted in a trade surplus of US dollars 327 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 31.13 billion, went down by 4.9% as compared to the second half of May-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 5 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 5 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in May of 2024, a 6.5% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of April 2024. Exports went up 3.9 %, to USD 32.27 billion and imports increased 9.1%, to USD 32.72 billion in terms of month-on-month basis. As a result, there was a USD 0.45 billion deficit in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of May, 2024

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

The Vietnam Customs Statistics announced that in the second half of May, 2024 the total Vietnam’s exports of US dollars 17.56 billion and imports of nearly US dollars 15.18 billion resulted in a trade surplus of US dollars 2.38 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of May was over US dollars 32.74 billion, up by 2.7% as compared to the first half of May-2024. Furthermore, in the first 5 months of 2024, Vietnam was in trade surplus of USD 8.61 billion.
Read More

Your care

Latest Most read
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.
Mobile Version