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

Vietnam‘s trade-in-goods in 10 months of 2016 totaled US dollars 284,56 billion in value terms which expanded by 4.6% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 143,9 billion, moved up by 7% and the total merchandise imports valued US dollars 140,66 billion, went up by 2.2%. In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 10 months of 2016 reached USD 184.16 billion, up by 6.2% in comparison to first half of October 2016.

Export:

As compared to the first half of October-2016, second half of the month increase in the total export value (12.3% - USD 829 million equally) is reflected by upturn in wood and wooden products(up by 17.9% - USD 50 millionequally); means of transport (up by 28.8% - USD 64 million equally); machine, equipment, tools and instrument (up by 20.2% - USD 93 million equally); computer, electrical products, spare-parts and component thereof (up by 10.8% - USD 98 million equally); telephone, mobile phones (up by 11% - USD 148 million equally); foot-wear (up by 33.3% - USD 149 million equally)…

It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of October, which included: coal (down by 18.9% - USD 1 million equally); pepper (down by 3.6% - USD 2 miilion equally); coffee (down by 2.3% - USD 3 million equally); rice (down by 9.9% - USD 8 million equally); rubber (down by 10.6% - USD 10 million equally)…

Chart 1: Top 10 major exported commodities of Vietnam in 10 months/2016 as compared to 10 months/2015

Source: Vietnam customs

Import:

The first half to second half of October increase in the total of import value (4.3% - USD 335 million equally) reflected upturrn in: fabric (up by 22.8% - USD 97 million equally); machine, equipment, tools and instrument (up by 8.2% - USD 94 million equally); computer, electrical products, spare-parts and component thereof (up by 6.9% - USD 90 million equally); telephone, mobile phones and part thereof(up by 17% - USD 79 million equally)…

Shrunk occurred in importation of some commodities such as: ferrous waste and scrap (down by 52.6% - USD 32 million equally); corn (down by 33.8% - USD 49 million equally); other base metal (down by 23.6% - USD 56 million equally); other means of transport (down by 67.8% - USD 152 million equally)...

Chart 2:

Top 10 major imported commodities of Vietnam in 10 months/2016 as compared to 10 months/2015

Source: Vietnam customs

Note for the users: Vietnam’s international merchandise trade statistics (IMTS) compiled by Vietnam Customs Statistics (VCS) is disseminated at the following link (in English):

http://www.customs.gov.vn/Lists/EnglishStatistics/Default.aspx?language=en-US&Group=Customs Trade Statistics​.