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

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

The Vietnam Customs Statistics announced that in the second half of July, 2018 the total Vietnam’s exports of US dollars 11.81 billion and imports of US dollars 11.72 billion resulted in a trade surplus of US dollars 83 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of July was US dollars 23.53 billion, up by 34% as compared to the first half of July-2018 (equivalent to USD 5.97 billion). 

Vietnam‘s trade-in-goods in the first 7 months of 2018 totaled US dollars 266.17 billion in value terms, expanded by 13.5% as compared to the performance of the same period of 2017. In which, the total merchandise exports valued US dollars 134.51 billion, moved up by 16% and the total merchandise imports valued to US dollars 131.66 billion went up by 11.1%.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 7 months of 2018 reached USD 172 billion up by 13.3% (equivalent to USD 20.24 billion) as compared to the same period of 2017.

Export:

As compared to the first half of July-2018, second half of the month increase in the total export value (41.5% - USD 3.46 billion equally) is reflected by upturn in telephone, mobile phone and parts thereof (up by 65.4% - USD 939 million equally); computer, electrical products and spare-parts and components thereof (up by 60.7% - USD 568 million equally); textiles and garments (up by 23.2% - USD 297 million equally); foot-wear (up by 31.2% - USD 193 million equally)…

Chart 1: Top 10 main export​ed commodities in the first 7 months of 2018 as comapred to the same period of 2017

tin nhap 20180823163850

Import:

The first half to second half of July increase in the total of import value (27.1%) reflected upturn in telephone, mobile phone and parts thereof (up by 2.25 times - USD 532 million equally); computer, electrical products and spare-parts and components thereof (up by 24.1% - USD 362 million equally); machine, equipment tools and instruments (up by 17.5% - USD 237 million equally); fabrics (up by 41.7% - USD 112 million equally); fabrics (up by 25% - USD 124 million equally); …

Chart 2: Top 10 main imported commodities in ​the first 7 months of 2018 as comapred to the same period of 2017

tin nhap 20180823163850
Source: Vietnam Customs

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