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Preliminary assessment of Vietnam international merchandise trade performance in the first half of March, 2016 Featured

The Vietnam Customs Statistics announced that in the first half (01-15/3/2015) of  March-2016, Vietnam’s total exports of  US dollars 7.06 billion and imports  of US dollars 6.80 billion resulted in a trade surplus of US dollars 264 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of March was US dollars 13.86 billion, increased by 4.6% (equal to USD 606 million) as compared to the second half of February-2016.

 


Vietnam‘s trade-in-goods from January to the first half of March of 2016 totaled US dollars 60.54 billion in value terms. It posted an increase of 0.8% (equivalent to USD 464 million) from the same period of previous year. In which, the total merchandise export value was up 5.7% to US dollars 30.74 billion and the total merchandise imports value was down 3.8%, to US dollars 29.80 billion.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of March reached USD 5.04 billion and USD 4.14 billion respectively. In comparison to the performance of corresponding period of 2015, from January to March 15th of 2016, the total export value of FDI traders went up 9.4% to US dollar 21.63 billion. In the meanwhile, import value was posted at USD 17.94 billion, down by 4.3%.

Export:

When compared with the second half of February-2016, export of  first half of March went up by 7.0%, mostly as a result of the upturns registered in following products: textiles and garments (up by USD 206 million); wood and wooden products (up by USD 74 million); precious stones, precious metal and articles thereof (up by USD 35 million)..

top-10-major-exported-commodities-of-vietnam

Import:

 In the first half of March 2016, import increased by 2.2% in comparison to second half of February, mainly reflecting the upwards of animal fodders and animal fodder materials (up by USD 57 million); computer electrical products spare parts and component thereof  (up by USD 52 million); iron and steel (up by USD 36 million); other base metals (up by USD 24 million);...

top-10-major-imported-commodities-of-vietnam 

Source: Vietnam Customs

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