Key import groups in November, 2016

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• imports

According to Customs statistics, the import turnover of 10 key groups reached $US 99.86 billion and accounted for 63.6% of the whole country’s total import turnover in the first ten months of 2016. In which, the largest group was computers, electronics and accessories ($US 25.33 billion); and the following groups were machines, equipments, tools and other spare parts ($US 25.24 billion); telephones and accessories ($US 9.56 billion) and clothes ($US9.55 billion).

Exporting market structure of materials to Vietnam in the first eleven months of 2016

Computers, electronics and accessories: the import turnover of the group in November, 2016 was $US 2.53 billion, declined by 6.5% compared to the previous month. In the first eleven months of 2016, the whole country’s import turnover reached $US 25.33 billion, up by 18.5%; in which the import turn over of FDI enterprises was $US 23.4 billion, up by 19.2% and the import turnover of the domestic enterprises was $US 1.93 billion, up by 11.3% compared to the same period in 2015.

Korea continued to be as the largest market supplying this group for Vietnam with the import value of $US 7.94 billion, up by 26.3% and the following markets were China with the import value of $US 5.36 billion, up by 12.1%; Taiwan with the import value of $US 2.9 billion, up by 43.4%; Japan with the import value of $US 2.54 billion, up by 20.7% and US with the import value of $US 1.97 billion, up by 50%, etc compared to the same period of 2015.

Machines, equipments, tools and other spare parts: the import turnover of the group in November, 2016 was $US 2.74 billion, increased by 14.8% compared to the previous month, thereby increasing the import value in the first eleven months of 2016 to $US 25.24 billion, slightly increased by 0.7% compared to the first eleven months of 2015. The import value of FDI enterprises was $US 13.85 billion, down by 11.6% and the import value of the domestic enterprises was $US 11.4 billion, up by 21.1% compared to the same period in 2015.

China continued to be the largest market supplying this group for Vietnam in the first eleven months of 2016 with the import value of $US 8.27 billion, up by 1.5% and the following markets were Korea with import value of $US 5.12 billion, up by 9.51%; Japan with the import value of $US 3.72 billion, down by 10.7% and Germany with the import value of nearly $US 1.2 billion, up by 9.1% compared to the same period of 2015.

Telephones and accessories:import turnover in November, 2016 reached more than $US 1.01 billion, up by 0.4% compared to the previous month. Thereby, bringing the import turnover of this group in November, 2016 to nearly $US 9.56 billion, down by 3.9% compared to the same period in 2015.

The major markets supplying telephones and accessories for Vietnam in the first eleventh months of 2016 were: China with the turnover of nearly $US 5.51 billion, down by 14.6%; and Korea with the turnover of nearly $US 3.32 billion, up by 16.1% compared to the same period in 2015.

Materials (including cloths, materials for textiles and apparel, leather, shoes, fiber, cotton): reached nearly $US 1.34 billion of import turnover in November, 2016. Thereby, bringing the import turnover of this group in the first eleven months of 2016 to nearly $US 16.17 billion, up by 2.1% compared to the same period in 2015.

The major markets supplying materials for Vietnam in the first eleven month of 2016 were: China with the turnover of more than $US 7.3 billion, up by 4.5%; Korea with the turnover of more than $US 2.63 billion, up by 2% and Taiwan with the turnover of more than $US 2.09 billion, up by 2.4 % compared to the same period in 2015.

Iron and Steel: the import volume of iron and steel in the first eleven months of 2016 was 1.46 million tons worth $US 712 million, declined by 5.8% on the volume and 2% on the value compared to the previous month. Until November, 2016, the country’s total volume of imported iron and steel was 16.9 million tons, up by 22.5% on the volume. The average import price of iron and steel in the first eleven months of 2016 decreased 13.1%, so the import value was $US 7.25 billion, slightly increased 6.4% compared to the same period in 2015.

Iron and Steel imported to Vietnam during the first eleven months of 2016 from China was 9.9 million tons, up by 18%; Japan was 2.44 million tons, up by 7%; and Korea was 1.69 million tons, up by 6.5% compared to the same period in 2015.

Petrol and oil: the import volume of petrol and oil in November was nearly 1.04 million tons with the total import value of nearly $US 491 million, up by 22.1% on the volume and up by 23.6% on the value compared to the same period. Until November, 2016, the country’s total import value was 10.6 million tons with the import value of $US 4.3 billion, up by 16.9 % on the volume but down by 12.7% on the value compared to the same period in 2015.

Petrol and oil imported to Vietnam during the first eleven months of 2016 mostly came from: Singapore with the volume of 3.73 million tons, up by 8.6%; Malaysia with the volume of 2.83 million tons, increased by 4 times; Korea with the volume of 1.6 million tons, increased by 5 times; Thailand with volume of 1.24 million tons, down by 28.6% and China with the volume of 968.000 tons, down by 34.2% compared to the first eleven months of 2015.

By Bao Ha/ Huyen Trang - Customs News