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

Vietnam Customs Statistics  17/03/2014 2:00 PM
The Vietnam Customs Statistics announced that in the second half of February, 2014 the total Vietnam’s exports of US dollars 5.9 billion and imports of nearly US dollars 5.3 billion resulted in a trade surplus of US dollars 666 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of February was US dollars 11.17 billion, up by 31% as compared to the first half of February-2014. Furthermore, in the first 2 months of 2014, Vietnam was in a new-all- time high trade surplus of USD 1.3 billion.
 
Vietnam’s trade-in-goods in February-2014 totaled US dollars 19.63 billion in value terms, shrunk by 8% as compared to the performance of last month. In which, the total merchandise exports valued US dollars 9.5 billion, down by 16.7% and the total merchandise imports valued to US dollars billion 10.09 slightly went up by 0.7%.
 
In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the second half of February reached USD 4.4 billion and USD 3.9 billion respectively. Therefore, in the first 2 months of 2014, the total value of FDI merchandise trade went up nearly 18.8%, to US dollar 24.8 billion (exports was US dollars 13.3 billion and imports was US dollars 11.5 billion) which accounted for 59% of Vietnam’s total exports and imports.
 
Export:
 
As compared to the first half of February-2014, second half of the month strong increase in the total export value (61.7% - USD 2.26 billion equally) is reflected by upturn in textile and garment (up by USD 368 million); telephone, mobile phone and part thereof (up by US dollars 365 million); crude oil (up by USD 198 million); fishery product (up by USD 131 million); computer, electrical products, spare-parts and components thereof (up by 121 million); wood and wooden products (up by 117 million); …
 
 
Chart 1: Top 10 major exported commodities of Vietnam
in February, 2014 as compared to the same period of 2013
 
feb.1.png

 
Source: Vietnam Customs
 
Totally, from January to second half of February-2014, total export value from Vietnam was USD 21.35 billion, climbed up nearly 13.8% as compared to the same period of 2013 (equivalent to USD 2.59 billion in absolute value terms).
 
Import:
 
The first half to second half of February increase in the total of import value (7.9%) reflected upturn in petroleum products (up by USD 190 million); animal fodders and animal fodder materials (up by USD 67 million); computer, electrical products, spare-parts and components thereof (up by USD 26 million); …A decrease occurred in importation of some commodities such as: fabrics (down by USD 55 million); machine, equipment tools and instruments (down by USD 47 million); iron and steel products (down by USD 25 million);…
 
 Chart 2: Top 10 major imported commodities of Vietnam
in February, 2014 as compared to the same period of 2013
 
febc2.png


Source: Vietnam Customs
 
From January to second half of February-2014, total import value into Vietnam was USD 20.04 billion, went up by 12.6%  as compared to the same period of 2013 (equivalent to USD 2.24 billion in absolute value terms).
                                                                                               
Vietnam Customs Statistics
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