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Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2014

Vietnam Customs Statistics  14/02/2014 10:00 AM

The Vietnam Customs Statistics reported that in the second half of January, 2014 the total Vietnam’s merchandise exports of US dollars 5.93 billion and merchandise imports of nearly US dollars 4.45 billion resulted in a trade surplus of US dollars 1.48 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of January was US dollars 10.38 billion, slightly down by 6.1% as compared to the first half of January-2014.
 
Vietnam‘s trade-in-goods in January-2014 totaled US dollars 21.48 billion in value terms, 9.9% lower than December of 2013 and 3% lower than the performance of January 2013. In which, the total merchandise exports value was down by 0.8% (equivalent to USD 177 million in absolute terms) to US dollars 11.46 billion and the total merchandise imports value decreased slightly by 5.5 %, to US dollars 10.02 billion as compared to the same period of 2013.
 
In the view of Foreign Direct Invested (FDI) traders, the value of outbound shipments and inbound shipment in the second half of January reached USD 3.64 billion and USD 2.38 billion respectively. Therefore, in the first month of 2014, the total value of FDI merchandise was US dollar 12.63 billion, went up slightly 0.1% (equivalent to USD 8 million in absolute terms) in comparison to the same month of 2013, which accounted for 58.8% of Vietnam’s total exports and imports.
Export:
 
As compared to the first half of January-2014, second half of the month increase in the total export value (6.9% or equivalent to USD 384 million in absolute terms) is reflected by upturn in textile and garment (up by USD 170 million); telephone, mobile phone and part thereof (up by US dollars 105 million); crude oil (up by USD 100 million); machine, equipment, tools and instrument (up by USD 38 million); fishery products (up by USD 35 million); other means of transportation, parts and accessories thereof (up by USD 34 million)…
 
table 1- second half 1.2014.png

Totally, in the first month of 2014, total export value from Vietnam was USD 11.46 billion, climbed down 1.5% as compared to the December of 2013 and 0.8% lower than the same period of 2013.
 
Import:
 
The first half to second half of January witnessed the increase in the total value of all inbound shipments (19.2%) which was reflected downturn in computer, electrical products, spare-parts and components thereof  (down by USD 217 million); machine, equipment, tools and instruments (down by USD 216 million); iron and steel (down by USD 104 million); fabrics (down by USD 80 million); plastics (down by US dollars 70 million)…An increase occurred in inbound shipments of petroleum products…
 
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In January 2014, total import value into Vietnam was USD 10.02 billion, went down by 17.8% as compared to December of 2013 and down by 5.5% in comparison to the same month of 2013.

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