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

​The Vietnam Customs Statistics reported that in the second half of May-2018, the total value of  Vietnam’s exports of  US dollars 11.11 billion and imports of US dollars 10.63 billion resulted in a trade surplus of US dollars 478 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of  May was US dollars 21.74 billion, up by 14,9% as compared to the first half of May-2018 (equivalent to USD 2.81 billion). 

Vietnam‘s trade-in-goods in the first 5 months of 2018 totaled US dollars 185.84 billion in value terms which expanded by 13.8% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 94.33 billion, moved up by 17.3% and the total merchandise imports valued US dollars 91.52 billion, went up by 10.4%. Therefore, Vietnam was in trade surplus of over USD 2.81 billion in that period.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the second half of May reached USD 13.68 billion. From January to May 31st of 2018, the total export value of FDI traders went up 17% to US dollar 66.34 billion, which accounted for 70% of Vietnam’s total exports. In the meanwhile, import value was posted at USD 53.81 billion, up by 8.6% and accounted for 58.7%

Export:

As compared to the first half of May-2018, second half of the month increase in the total export value (8.6% - USD 1.58 billion equally) is reflected by upturn in coal (up by 96.1% - USD 18,9 million equally); still image, video cameras and part thereof (up by 73.4% - USD 167 million equally); crude oil (up by 56.8% - USD 73 million equally); fabrics (up by 40.6% - USD 44 million equally)…

It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of May, which included: petroleum products (down by 19.2% - USD 25 million equally); ores and other mineral products (down by 18.5% - USD 4 million equally); pepper (down by 12.2% - USD 10 million equally)…

Chart 1: M​ain exported commodities of Vietnam in the first 5 months of 2018 as compared to the same period of 2017

tin nhap 20180823160108

Import

The first half to second half of May slightly increase in the total of import value (21.1%) reflected upturn in: cashew nuts (up by 120.1% - USD 135 million equally); fertilizer (up by 77.3% - USD 112 million equally); ores and other minerals (up by 64.2% - USD 46 million equally); motorcycles and parts, accessories thereof (up by USD 47.4% - USD 19 million equally); precious stones, precious metal and articles thereof (up by 47.5%- USD 21 million equally)…

Shrunk occurred in importation of some commodities such as: parts and accessories of motor vehicles (down by 18.2% - USD 43 million equally); telephone, mobile phones and part thereof (down by 15.9% - USD 153 million)…

Chart 2: Main imported commodities of Vietnam in the first 5 months of 2018 as compared to the same period of 2017

tin nhap 20180823160108
Source: Vietnam Customs

Related News

If it is "permissive", OCOP products will not be effective for export

If it is "permissive", OCOP products will not be effective for export

VCN - According to experts, if it is "permissive" in recognizing OCOP products, only caring about beautiful designs and packaging without paying attention to quality, transparency of environmental and social issues..., it will not be effective in exporting.

Latest News

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/5/2024) of May-2024, Vietnam’s total exports of US dollars 14.64 billion and imports of US dollars 17.26 billion resulted in a trade deficit of US dollars 2.63 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of May was US dollars 31.9 billion, went up by 7.7% as compared to the second half of April-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in April of 2024, a 5.4% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of March 2024. Exports went down 7.7 %, to USD 31.05 billion and imports decreased 2.9%, to USD 29.99 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2024

The Vietnam Customs Statistics announced that in the second half of April, 2024 the total Vietnam’s exports of US dollars 15.91 billion and imports of nearly US dollars 13.70 billion resulted in a trade surplus of US dollars 2.22 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of April was over US dollars 29.61 billion, down by 4.9% as compared to the first half of April-2024. Furthermore, in the first 4 months of 2024, Vietnam was in trade surplus of USD 9.02 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/4/2024) of April-2024, Vietnam’s total exports of US dollars 15.03 billion and imports of US dollars 16.1 billion resulted in a trade deficit of US dollars 1.08 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of April was US dollars 31.13 billion, went down by 4.8% as compared to the second half of March-2024.

More News

Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in March of 2024, a 34.5% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of February 2024. Exports went up 36.4 %, to USD 33.66 billion and imports increased 32.5%, to USD 30.88 billion in terms of month-on-month basis. As a result, there was a USD 2.78 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of March, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of March, 2024

The Vietnam Customs Statistics announced that in the second half of March, 2024 the total Vietnam’s exports of US dollars 17.54 billion and imports of nearly US dollars 15.16 billion resulted in a trade surplus of US dollars 2.39 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of March was over US dollars 32.7 billion, up by 3.5% as compared to the first half of March-2024. Furthermore, in the first 3 months of 2024, Vietnam was in trade surplus of USD 7.8 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in February of 2024, a 26.7% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of January 2024. Exports went down 28.5 %, to USD 24.69 billion and imports decreased 24.6%, to USD 23.30 billion in terms of month-on-month basis. As a result, there was a USD 1.38 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2024

The Vietnam Customs Statistics announced that in the second half of February, 2024 the total Vietnam’s exports of US dollars 14.73 billion and imports of nearly US dollars 13.68 billion resulted in a trade surplus of US dollars 1.05 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of February was over US dollars 28.41 billion, up by 46.7% as compared to the first half of February-2024. Furthermore, in the first 2 months of 2024, Vietnam was in trade surplus of USD 5 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024

The Vietnam Customs Statistics announced that in the second half of January, 2024 the total Vietnam’s exports of US dollars 19.3 billion and imports of nearly US dollars 16.03 billion resulted in a trade surplus of US dollars 3.27 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of January was over US dollars 35.33 billion, up by 18.6% as compared to the first half of January-2024. Furthermore, in the first month of 2024, Vietnam was in trade surplus of USD 3.63 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in the first month of 2024, a 7.5% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of December 2023. Exports went up 9.7 %, to USD 34.53 billion and imports increased 5.1%, to USD 30.90 billion in terms of month-on-month basis. As a result, there was a USD 3.63 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

The Vietnam Customs Statistics announced that in the second half of December, 2023 the total Vietnam’s exports of US dollars 16.31 billion and imports of nearly US dollars 13.66 billion resulted in a trade surplus of US dollars 2.65 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was over US dollars 29.98 billion, down by 1.8% as compared to the first half of December-2023. Furthermore, in 2023, Vietnam was in trade surplus of USD 28.3 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in December of 2023, a 0.3% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of the last month. Exports went up 1.1%, to US dollars 31.47 billion and imports decreased 0.6%, to US dollars 29.40billion in terms of month-on-month basis. As a result, there was a US dollars 2.06 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of December, 2023

Preliminary assessment of Vietnam international merchandise trade performance in the first half of December, 2023

The Vietnam Customs Statistics announced that in the first half (01-15/12/2023) of December-2023, Vietnam’s total exports of US dollars 15.04 billion and imports of US dollars 15.48 billion resulted in a trade deficit of nearly US dollars 438 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of December was US dollars 30.52 billion, down by 1.4% as compared to the second half of November-2023.
Read More

Your care

Latest Most read
Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/5/2024) of May-2024, Vietnam’s total exports of US dollars 14.64 billion and imports of US dollars 17.26 billion resulted in a trade deficit of US dollars 2.63 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of May was US dollars 31.9 billion, went up by 7.7% as compared to the second half of April-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in April of 2024, a 5.4% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of March 2024. Exports went down 7.7 %, to USD 31.05 billion and imports decreased 2.9%, to USD 29.99 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2024

The Vietnam Customs Statistics announced that in the second half of April, 2024 the total Vietnam’s exports of US dollars 15.91 billion and imports of nearly US dollars 13.70 billion resulted in a trade surplus of US dollars 2.22 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of April was over US dollars 29.61 billion, down by 4.9% as compared to the first half of April-2024. Furthermore, in the first 4 months of 2024, Vietnam was in trade surplus of USD 9.02 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/4/2024) of April-2024, Vietnam’s total exports of US dollars 15.03 billion and imports of US dollars 16.1 billion resulted in a trade deficit of US dollars 1.08 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of April was US dollars 31.13 billion, went down by 4.8% as compared to the second half of March-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in March of 2024, a 34.5% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of February 2024. Exports went up 36.4 %, to USD 33.66 billion and imports increased 32.5%, to USD 30.88 billion in terms of month-on-month basis. As a result, there was a USD 2.78 billion surplus in Vietnam’s trade balance in this month.
Mobile Version