Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2019
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%.
4. Main Exports and Imports
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);…
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); …
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.
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).
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).
Related News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
Latest News
Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2024
11:44 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2024
11:43 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023
17:44 | 21/02/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023
17:44 | 21/02/2024 Customs Statistics
More News
Preliminary assessment of Vietnam international merchandise trade performance in the first half of December, 2023
09:29 | 13/01/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2023
09:28 | 13/01/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2023
09:28 | 13/01/2024 Services
Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2023
09:27 | 13/01/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2023
09:27 | 13/01/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2023
19:04 | 17/12/2023 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2023
19:04 | 17/12/2023 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2023
19:04 | 17/12/2023 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2023
09:41 | 31/10/2023 Customs Statistics
Your care
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024
11:44 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2024
11:44 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024
11:43 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2024
11:43 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023
17:44 | 21/02/2024 Customs Statistics