According to trade statistics of Vietnam Customs, in July 2019, a 12.2% upturns
in total external merchandise turnover of Vietnam was recorded on a month-on-month
basis. Exports went up 7.2 %, to USD 22.98 billion and imports increased 17.7%,
to USD 22.94 billion as compared to the result of June 2019. As a result, there
was a USD 43 million surplus in Vietnam’s trade balance in this month.
2. In the first 7 months of 2019,
Vietnam‘s trade-in-goods totaled US dollars 289.26 billion in value terms, 8.2%
above the corresponding period of last year. As compared to result of a year
earlier, total merchandise exports value rose 7.8%, to US dollars 145.48 billion
and the total merchandise imports value grew up 8.6% to US dollars 143.78 billion.
Accordingly, Vietnam’s trade balance in this period was in the surplus of US
dollars 1.70 million.
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 182.19 billion in total from
beginning to July 2019, up by 5.4% as
compared to the result of corresponding period of 2018. Total value of FDI
exportation was USD 99.54 billion, went up by 5.4%. On import side, the total
value of those companies was USD 82.65 billion, went up by 5.5%.
Exports and Imports
4. On a month-on-month
basis, an increase in total merchandise exports was due to the upturns in textiles
and garments (up by USD 417 million); telephones, mobile phones and parts
thereof (up by USD 213 million); precious stones, precious metal and articles
thereof (up by USD 172 million); …
5. On a year-on-year
basis, exports grew up USD 10.48 billion. The main products, which contributed
to the increase, were computers, electrical products and parts thereof (up by
USD 2.36 billion); textiles and garments (up by USD 1.80 billion); foot-wears
(up by USD 1.19 billion); …
6. On a month-on-month
basis, expansion in total merchandise imports was due to the upturns of the
commodities as follows: computers, electrical products, spare-parts and
components thereof (up by USD 893 million); telephones, mobile phones and parts
thereof (up by USD 472 million); machine, equipment, tools and instruments (up
by USD 363 million); …
7. On a year-on-year basis, imports went
up USD 11.39 billion. The growth in imports was mainly contributed by the
upturns of the following products: computers, electrical products, spare-parts
and components thereof (up by USD 4.91 billion); machine, equipment, tools and
instruments (up by USD 2.32 billion); motor vehicles (up by USD 1.47 billion); …
8. In the first 7 months of 2019,
Vietnamese merchandise trade with trading partners in Asia was totaled USD 189.22
billion in value terms, which moved up 6.8% as compared to the same period of
2018. Trade-in-goods of Vietnam with America was followed, which reached USD 52.68
billion and increased by 19.5%. The values of other continents were Europe: USD
37.82 billion, up by 3.0%; Oceania: USD 5.47 billion, up by 7.0% and Africa:
USD 4.07 billion, down by 4.8% in comparison with the same period of last year.
January-July period of 2019, 4 importing markets of Vietnam with turnover of
over USD 10 billion were: The United States of America (reached USD 33.0
billion); China (reached USD 19.8 billion); Japan (reached USD 11.4 billion); Republic
of Korea (reached USD 10.8 billion).
10. According to
the following chart, top 3 big sources of Vietnam’s imports were as follows:
China (reached USD 42.4 billion); Republic of Korea (reached USD 26.8 billion);
Japan (reached USD 10.6 billion).