Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2018

Vietnam‘s trade-in-goods in the first 8 months of 2018 totaled US dollars 312,13 billion in value terms, expanded by 14.5% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 158.41 billion, moved up by 16.7% and the total merchandise imports valued to US dollars 153.72 billion went up by 12.4%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 8 months of 2018 reached USD 203.05 billion up by 14.9% (equivalent to USD 26.27 billion) as compared to the same period of 2017.

Export:

As compared to the first half of August-2018, second half of the month increase in the total export value (37% - USD 3.6 billion equally) is reflected by upturn in telephone, mobile phones and parts thereof (up by 59.7% - USD 1.15 billion equally); computer, electrical products and spare-parts and components thereof (up by 36.2% - USD 434 million equally); textiles and garments (up by 27.4% - USD 374 million equally); machine, equipment tools and instruments (up by 43.5% - USD 278 million equally); cameras still image (up by 90.3% - USD 155 million equally); fishery products (up by 31.8%- USD 118 million equally)…

Chart 1: Top 10 exported commodities of 8 months 2018 as compared to the same period of 2017

Source: Vietmam Customs

Import:

The first half to second half of August increase in the total of import value (11%) reflected upturn in computer, electrical products and spare-parts and components thereof (up by 20.7% - USD 365 million equally; crude oil (up by 2.8 times - USD 255 million equally); telephone, mobile phones and part thereof (up by 20.2% - USD 169 million equally); petroleum products (up by 32.8% - USD 72 million equally);

Chart 2: Top 10 imported commodities of 8 months 2018 as compared to the same period of 2017

Source: Vietmam Customs