By the end of May 2017: Total import-export turnover reached nearly $US 162.45 billion

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According to statistics released by the General Department of Vietnam Customs, the total import and export turnover of Vietnam in the first 5 months of 2017 reached $US 162.45 billion, an increase of 21.5%, equivalent to $US 28.77 billion over the same period in 2016.

The total import and export turnover of Vietnam in the first 5 months of 2017 reached $US 162.45 billion.

Preliminary statistics of the General Department of Vietnam Customs also show that the total import-export turnover of Vietnam in the second half of May 2017 (from 16th May 2017 to 30th May 2017) reached $US 20.08 billion, an increase of 22.9%, equivalent to $US 3.74 billion compared to the results in the first half of May 2017.

In particular, the import-export volume of foreign-invested enterprises in the period reached nearly $US 13.13 billion, an increase of 22.1%, equivalent to $US 2.38 billion, compared to the first half of May 2017. Over the past 5 months, the total import-export turnover of foreign-invested enterprises reached more than $US 106.5 billion, an increase of 23.7%, equivalent to $US 20.39 billion over the same period in 2016.

In the second half of May 2017, the trade balance of goods had a surplus of $US 540 million, bringing the trade balance of goods in the country in the first 5 months of 2017 to the deficit of nearly $US 2.5 billion, equivalent to 3.1 % of exports.

Regarding exports, the total export turnover of Vietnam in the second half of May 2017 reached more than $US 10.31 billion, an increase of 35.3% (equivalent to an increase of $US 2.69 billion) compared to the first half of May 2017.

Export turnover in the second month of May 2017 increased compared to the first half of May 2017 mainly in the following commodity groups: telephone and components increased by 34.7%, equivalent to $US 611 million; textiles and garments increased by 42.5%, equivalent to $US 339 million; machinery, equipment, tools and spare parts increased by 56.7%, equivalent to $US 265 million; footwear of all kinds increased by 34%, equivalent to $US 200 million. Meanwhile, only a number of commodity groups have an export turnover which decreased compared to the previous period, such as cameras, camcorders, and components with a decrease of 12.8%, equivalent to $US 17 million; coal with a decrease of 8.1%, equivalent to $US 2 million.

Thus, by the end of May 2017, total export turnover of Vietnam reached nearly $US 79.98 billion, an increase of 18.4%, respectively, equivalent to an increase of $US 12.45 billion over the same period in 2016.

The statistics of the General Department of Vietnam Customs also shows that the value of goods exported by FDI enterprises in the second half of May 2017 reached nearly $Ú 7.28 billion, an increase of 33.3%, equivalent to an increase of more than $US 1.82 billion compared to the first period of May 2017, thereby bringing the total export turnover in the first 5 months of 2017 to nearly $US 56.66 billion, an increase of 20 % over the same period in 2016, accounting for 70.8% of the total export turnover of Vietnam.

Regarding imports, the total value of imported goods in Vietnam in the second half of May 2017 reached more than $US 9.77 billion, an increase of 12.1% (equivalent to $US 1.05 billion) compared to the first half of May 2017.

Import turnover of goods in the second half of May 2017 increased over the first half of May 20117 mainly in the following commodities: computers, electronic products, and components increased by 17.1 %, equivalent to an increase of $US 232 million; machinery, equipment, and spare parts increased by 10.7%, equivalent to an increase of $US 177 million; phone accessories and parts increased by 33.9%, equivalent to an increase of $US 159 million; cashew nut increased by 126.2%, equivalent to an increase of $US 113 million; petrol and oil of all kinds increased by 39.1%, equivalent to an increase of $US 89 million. Meanwhile, the feed and material group fell by 46.9%, a decrease of $US 81 million, soybeans fell by 65%, a decrease of $US 25 million; coal fell by 45.4%, equivalent to a decrease of $US 24 million.

Thus, by the end of May 2017, the total import turnover of Vietnam reached more than $US 82.47 billion, an increase of 24.7% (equivalent to nearly $US 16.32 billion) compared to the same period in 2016.

The value of imported goods of FDI enterprises in this period reached nearly $US 5.85 billion, an increase of 10.6%, equivalent to an increase of $US 560 million compared to the first half of May 2017, thereby bringing the total import turnover of these enterprises in the first 5 months of 2017 to reach more than $US 49.84 billion, an increase of 28.1%, equivalent to nearly $US 10.94 billion compared to the same period in 2016.

By Ha Nhi/ Hoang Anh