1.According to trade statistics of
Vietnam Customs, in November 2018, a 2.1% downward in total external
merchandise turnover of Vietnam was recorded on month-on-month basis. Exports went
down 3.5%, to USD 21.75 billion and imports decreased 0.8%, to USD 21.59 billion
as compared to the result of October 2018. As a result, there was a USD 153 million
surplus in Vietnam’s trade balance in this month.
2.From the beginning to November of 2018,
Vietnam‘s trade-in-goods totaled US dollars 440.04 billion in value terms, 13.3%
above the corresponding period of last year. On year-on-year basis, total
merchandise exports value rose 14.5%, to US dollars 223.72 billion and the
total merchandise imports value increased 12.1% to US dollars 216.31 billion. Accordingly,
Vietnam’s trade balance in the first 11 months of 2018 was in the surplus of US
dollars 7.41 billion.
3. Trade data disseminated recently by
Vietnam Customs announced that the total value of exportation and importation
by foreign direct invested (FDI) traders reached USD 288.51 billion in total from
beginning to November 2018, up by 13.2%
as compared to the result of corresponding period of 2017. Total value of FDI
exportation was USD 158.45 billion, went up by 14.1%. On import side, the total
value of those companies was USD 130.06 billion, went up by 12.2%.
Exports and Imports
4. On month-on-month
basis, a decrease in total merchandise exports was due to the downturns in computers, electrical products, spare-parts and
components thereof (down
by USD 300 million);
textiles and garments (down by USD 193 million); fishery products (down by USD 80
On a year-on-year basis, exports expanded USD 28.33 billion. The main products,
which contributed to the increase, were telephones, mobile phones and parts
thereof (up by USD 4.83 billion); textiles and garments (up by USD 4.05
billion); machine, equipment, tools and instruments (up by USD 3.37 billion); computers,
electrical products, spare-parts and components thereof (up by USD 3.23 billion)...
On a month-on-month basis, a reduction in total merchandise imports value was
due to the downturns of the commodities as follows: wheats (down by USD 114
million); iron and steels (down by USD 112 million); crude oil (down by USD 74
7. On a year-on-year basis, imports went
up USD 23.43 billion. The growth in imports was mainly contributed by the upwards
of the following products: computers, electrical products, spare-parts and
components thereof (up by USD 4.53 billion); crude oil (up by USD 1.95
billion); other base metals (up by USD 1.46 billion); plastics (up by USD 1.42
8. In the first 11 months of 2018,
Vietnamese merchandise trade with trading partners in Asia was totaled USD 294.27
billion in value terms, which moved up 13.4% as compared to the same period of
2017. Trade-in-goods of Vietnam with America was followed, which reached USD 71.7
billion and increased by 14.8%. The values of other continents were Europe: USD
59.07 billion, up by 11.6%; Oceania: USD 8.45 billion, up by 18% and Africa:
USD 6.55 billion, up by 4.2% in comparison with the same period of last year.
January-November period of 2018, 4 importing markets of Vietnam with turnover
of over USD 16 billion were: The United States of America (reached USD 43.5
billion); China (reached USD 37.7 billion); Japan (reached USD 17.3 billion); Republic
of Korea (reached USD 16.7 billion).
10. According to
the following chart, top 3 big sources of Vietnam’s imports were as follows:
China (reached USD 59.6 billion); Republic of Korea (reached USD 43.6 billion);
Japan (reached USD 17.5 billion).