Preliminary assessment of Vietnam international merchandise trade performance in the second half of July, 2016

Accordingly, the total value of export and import turnover of Vietnam in the second half of July was US dollars 14.76 billion, up by 1.7% as compared to the first half of July-2016 (equivalent to USD 247 million) . Furthermore, in the 7 months (January-July) of 2016, Vietnam was in trade surplus of over USD 2.25 billion.
Vietnam‘s trade-in-goods in 7 months of 2016 totaled US dollars 191.73 billion in value terms, expanded by 2% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 96.99 billion, moved up by 5.4% and the total merchandise imports valued US dollars 94.74 billion, went down by 1.2%.
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 7 months of 2016 was USD 123.14, up by 3.5% (equivalent to USD 4.14 billion) in comparison to the same time of 2015.
Export:
As compared to the first half of July-2016, second half of the month increase in the total export value (6.7% - USD 486 million equally) is reflected by upturn in telephone, mobile phone and part thereof (up by USD 286 million); computer, electrical products, spare-parts and component thereof (up by USD 83 million); irons and steels (up by USD 51 million); fishery products (up by USD 48 million); textiles and garments (up by USD 88 million)…
It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of July, which included: textile and garment (down by USD 43 million); crude oil (down by USD 34 million); fruits and vegetables (down by USD 29 million); foot-wear (down by USD 29 million)…

Source: Vietnam Customs

Totally, from January to second half of July-2016, total export value from Vietnam was USD 96.99 billion, climbed up 5.4% as compared to the same period of 2015 (equivalent to USD 5 billion in absolute value terms).

Import:

The first half to second half of July decrease in the total of import value (3.3%) reflected downturn in: machine, equipments tools and instruments (down by USD 104 million); fabrics (up by USD 51 million); chemicals (up by USD 40 million)…

Expand occurred in importation of some commodities such as: telephone, mobile phone and part thereof (up by USD 90 million); animal fodders and animal fodder material (down by USD 26 million); animal, irons and steels (up by USD 39 million); soya bean (up by USD 33 million); petroleum products (up by USD 28 million); computer, electrical products, spare-parts and component thereof (up by USD 28 million)…

Chart 2: Top 10 major imported commodities of Vietnam

in the first 7 months of 2016 as compared to the same period of 2015

Source: Vietnam Customs

From January to second half of July-2016, total import value into Vietnam was USD 82.39 billion, went up by 11.6% as compared to the same period of 2015 (equivalent to USD 8.57 billion in absolute value terms).