The Import-export merchandise turnover reached $ US 300 billion

The Vietnam’s turnover of import and export goods reached $ US 300 billion on 15 November 2016. Thus, after nearly 5 years, the Vietnam’s total import-export turnover added $ US 100 billion (threshold of $ US 200 billion was made in the second half of December, 2011)

According to the latest statistics of the General Department of Vietnam Customs, Vietnam’s total import-export turnover in the first period of November, 2016 (from 01 November to 15 November 2016) reached more than $US 15.82 billion, down by 2.7 % (corresponding to an decrease of $US 438 million) compared to the second period of October, 2016.

Thus, by 15 November 2016, the whole country’s total import-export reached more than $US 300.3 billion, up by 5.3% (equivalent to an increase of nearly $US 14.99 billion) over the same period of 2015. The balance of trade in goods in the first period of November, 2016 was in deficit of $US 570 million that brings the country’s balance of trade in goods from the beginning of 2016 until 15 November 2016 to a trade surplus of more than $US 2.66 billion.

In the first half of November, 2016, the import-export turnover of FDI Enterprises gained approximately $US 10.39 billion ,decreasing 3.8% corresponding to an decrease of $US 408 million over the second half of October, 2016. Until 15 November, 2016, the import-export turnover of these enterprises was nearly $US 194.52 billion, increasing 6.9%, corresponding to an increase of more than $US 16.61 billion over the same period of 2015. The balance of trade of FDI enterprises in the first half of November 2016 reached a trade surplus of $US 659 million that made the trade surplus of these enterprise from the beginning of 2016 until 15 November, 2016 up to 18.24 $US billion.

For exports, Vietnam’s export turnover in the first period of November, 2016 achieved approximately $US 7.63 billion, down by 6,4 % (equivalent to $US 522 million) compared to the second half of October, 2016. Until 15 October, 2016, the whole country’s export turnover reached more than $US 151.48, up by 7.5% (equivalent to nearly $US 10.58 ) over the same period of 2015.

Compared to the second half of October, 2016, the export in the first period of November, 2016 increased/decreased in some commodity groups as below: telephones and accessories increased by 2%, equivalent to an increase of $US 30 million; coal increased 1.2 times, equivalent to an increase of $US 5 million; vegetable products increased by 8.5%, corresponding to an increase of $US 7 million; rice increased by 5.6%, corresponding to an increase of $US 4 million; clinker bricks and cement increased by 18.7%, corresponding to an increase of $US 4 million. Meanwhile, machines, equipment, tools, and other spare parts decreased by 7.6%, equivalent to a decrease of $US 42 million; seafood decreased by 13.7%, equivalent to a decrease of $ US 53 million; textiles decreased by 8.8%, equivalent to a decrease of $US 86 million etc.

The export value of FDI enterprises in this period was more than $US 5.52 billion, a decrease of 5.5% (equivalent to a decrease of $US 322 million) compared to the second half of October, 2016. Hence, until 15 November, 2016, the export turnover of FDI enterprises reached more than $US 95.06 billion, up by 10%, equivalent to an increase of $US 8.62 billion compared to the same period of 2015 and accounting for 70.2% of the whole country’s total export turnover.

For imports, Vietnam’s import value in the first period of November, 2016 achieved approximately $US 8.2 billion, up by 1% (equivalent to an increase of $US 83 million) compared to the second half of October, 2015. Until 15 November, 2016, the whole country’s import turnover won more than $US 148.82 billion, up by 3,1% (equivalent to an increase of more than $US 4.43 billion) against the same period in 2015.

Compared to the second half of October, 2016, the import of the first half of November, 2016 had an increase/decrease in some commodity groups as below: machine, equipment, tools and spare parts rose by 10.9%, equivalent to $US 136 million, plastics and materials rose by 13.6%, equal to $US 40 million; other ordinary metals rose by 16.2%, equal to $US 29 million. Meanwhile, soybean group fell down 72.3%, equal to $US 28 million, cashews fell 37.1%, equal to $US 28 million, transport vehicles and spare parts fell 53.6%, equal to $US 38 million; computer, electrical products and accessories fell 7,1%, equal to $US 99 million

The import value of FDI enterprises in this first period of November, 2016 was more than $US 4.86 billion, down by 1.7 % (equivalent to a decrease of $US 86 million) against the second half of October, 2016. Hence, until 15 November, 2016, the import turnover of FDI enterprises achieved approximately $US 88.14 billion, up by 2.9%, against the same period of 2015, equivalent to an increase of more than $US 2.49 billion and accounting for 59.2% of the whole country’s total import turnover.

By Bao Nhi/ Huyen Trang

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