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

The Vietnam Customs Statistics announced that in the second half of January, 2018 the total Vietnam’s exports of over US dollars 10.97 billion and imports of US dollars 10.56 billion resulted in a trade surplus of US dollars 411 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of January was US dollars 21.54 billion, up by 14.5% as compared to the first half of January-2018. Furthermore, in the first months of 2018, Vietnam was in a trade surplus of USD 181 billion.

Vietnam‘s trade-in-goods in January-2018 totaled US dollars 40.26 billion in value terms, up by 46.2% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 20.22 billion, up by 41% and the total merchandise imports valued to US dollars 20.04 billion up by 51.9%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first month of 2018 reached USD 25.82 billion, up by 46.3% (USD 8.17 billion equally) in comparison to January 2017.

Export:

As compared to the first half of January-2018, second half of the month increase in the total export value (18.6% - USD 1.72 billion equally) is reflected by upturn in textile and garments (up by 25% - USD 278 million equally); computer, electrical products, spare-parts and components thereof (up by 21% - USD 225 million equally); machine, equipment tools and instruments (up by 24.6% - USD 134 million equally)…

The decrease occurred in exportation of the following commodities: telephone, mobile phone and part thereof (down by 13.6% - US dollars 287 million equally); rice (down by 7.8% - USD 10 million equally)…

Import:

preliminary assessment of vietnam international merchandise trade performance in the second half of january 2018

A decrease occurred in importation of some commodities such as: telephone, mobile phone and part thereof (down by 13.5% - US dollars 114.5 million equally); animal fodders and animal fodder materials (down by 18% - USD 33 million equally); computer, electrical products, spare-parts and components thereof (down by 1.7% - USD 33 million equally) …The first half to second half of January increase in the total of import value (10.5% - USD 1 billion equally) reflected upturn in petroleum products (up by 137.5% - USD 339 million equally); machine, equipment tools and instruments (up by 11.3% - USD 156 million equally); plastics (up by 16.3% - USD 57 million); fabrics (up by 10.6% - USD 53 million equally)…

preliminary assessment of vietnam international merchandise trade performance in the second half of january 2018
Source: Vietnam Customs

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