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

Vietnam Customs Statistics  30/05/2014 5:00 PM

The Vietnam Customs Statistics announced that in the second half of April, 2014 the total Vietnam’s exports of  US dollars 7.28 billion and imports of US dollars 5.96  billion resulted in a trade surplus of US dollars 1.32 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of April was US dollars 13.25 billion, up by 9% as compared to the first half of April-2014 (equivalent to USD 1.09 billion) . Furthermore, in the first 4 months of 2014, Vietnam was in trade surplus of over USD 2.05 billion.
 
Vietnam‘s trade-in-goods in first 4 months of 2014 totaled US dollars 90.97 billion in value terms, expanded  by 15.6% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 46.51 billion, moved up by 18.9% and the total merchandise imports valued US dollars 44.46 billion, went up by 12%.
 
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the second half of April reached USD 7.88 billion, up by 11.6% in comparison to first half of April 2014. Therefore, in the first 4 months of  2014, the total value of FDI merchandise trade went up nearly 18.8%, to US dollar 54.4 billion (exports was US dollars 28.94 billion and imports was US dollars 25.46 billion) which accounted for 59.8% of Vietnam’s total exports and imports.
 
Export:
 
As compared to the first half of April-2014, second half of the month strong increase in the total export value (26.2% - USD 1.51 billion equally) is reflected by upturn in crude oil (up by USD 208 million); telephone, mobile phone and part thereof (up by USD 200 million); foot-wears (up by USD 128 million); computer, electrical products, spare-parts and component thereof (up by USD 126 million); machine, equipment tools and instruments (up by USD 73 million)…
It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of April, which included: coffee (down by USD 23 million); tyre cord fabrics and other fabrics for technical uses(down by USD 4 million); fertilizers (down by USD 2 million)…
 
Chart 1: Top 10 major exported commodities of Vietnam
in first 4 months 2014  as compared to the same period of 2013
 
quy 2 thang 4 2014 .c1.png

 
Source: Vietnam Customs
 

Totally, from January to second half of April-2014, total export value from Vietnam was USD 46.51 billion, climbed up nearly 18.9% as compared to the same period of 2013 (equivalent to USD 7.4 billion in absolute value terms).
 

Import:

 

The first half to second half of April decrease in the total of import value (6.6%) reflected downturn in machine, equipment tools and instruments (down by USD 129 million); computer, electrical products, spare-parts and component thereof  (down by USD 115 million); petroleum products (down by USD 103 million); telephone, mobile phone and part thereof (down by USD 91 million); crude oil (down by USD 80 million);wood and wooden products (down by USD 51 million)…
An increase occurred in importation of some commodities such as: iron and steel products (up by USD 44 million)…
 
Chart 2: Top 10 major imported commodities of Vietnam
in April, 2014 as compared to the same period of 2013
 
quy 2 thang 4 2014 c2.png

 
Source: Vietnam Customs
 
From January to second half of April-2014, total import value into Vietnam was USD 44.46 billion, went up by 12.2%  as compared to the same period of 2013 (equivalent to USD 4.85 billion in absolute value terms).

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