Tuesday, April 16,2024 - 17:11 GMT+7  Việt Nam EngLish 

Imports from South Korea increased nearly 47% 

 Thursday, December 14,2017

AsemconnectVietnam - Vietnam’s imports of goods from South Korea totaled US$ 38.3 billion in the first ten months of this year, increased sharply by 46.7 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Meanwhile, the country’s exports of goods to South Korea increased by 28.6 per cent to $ 12.15 billion. So the country got $ 26.15 billion of deficit in trade exchange with South Korea.

Computers, electronics and components were leading the list of items imported by the country from South Korea in the first ten months of this year with the import value of nearly $ 12.51 billion, accounted for 32.7per cent of the total and increased sharply by 72.3 per cent year – on – year.

Machines, equipment and spare parts ranked second with $ 7.37 billion, up by 61.8 per cent; and then cell phones and accessories - $ 4.97 billion, up by 63.8 per cent.
Besides, the imports of fabrics of all kinds reached $ 1.64 billion, up by 4.7 per cent; petroleum - $ 1.49 billion, up by 113 per cent; plastic products - $ 1.34 billion, up by 23 per cent; ordinary metals - $ 1.19 billion, up by 38.5 per cent; plastics - $ 1.18 billion, up by 20.3 per cent; and iron and steel – over $ 1 billion, up by 19.8 per cent.

In the first ten months of this year, the country’s imports of rubber increased sharply by 61 per cent year – on – year to $ 174.73 million; glass and products – up by 81 per cent to $ 64.29 million; precious stones, metals and products – up by 60 per cent to $ 42.08 million; confectionery and grain products – up by 77 per cent to $ 20.24 million; fruit and vegetables – up by 77 per cent to $ 10.76 million. 

However, the imports of liquefied gas, pharmaceutical materials and autos decreased sharply by 68 per cent; 35 per cent and 42 per cent, respectively over the same period last year.

By the end of November, South Korea was leading the list of 126 countries and territories which have effective invested projects in Vietnam with the total registered capital of $ 57.5 billion.
 
 
Vietnam’s imports of goods from South Korea in the first 10 months of 2017. Unit: US$ - source: the General Department of Customs
 
Item
October of 2017
October of 2017 vs. September of 2017 (%)
First 10 months of 2017
First 10 months of 2017 vs. same period of 2016 (%)
Total
3,919,738,089
-8.4
38,302,875,575
46.67
Computers, electronics and components
1,279,063,461
-23.42
12,509,658,609
72.26
Machines, equipment and spare parts
492,772,271
-6.7
7,367,318,706
61.81
Cell phones and accessories
803,713,507
7.39
4,971,665,731
63.75
Fabrics of all kinds
151,274,387
-2.2
1,640,993,617
4.72
Petroleum of all kinds
164,877,484
54.53
1,485,491,164
113.31
Plastic products
136,110,893
-18.35
1,344,344,717
23.14
Other ordinary metals
115,092,519
-0.63
1,189,518,783
38.48
Plastics
115,332,017
-7.66
1,178,349,586
20.31
Iron and steel of all kinds
112,849,952
14.37
1,000,610,884
19.78
Textile, garment, leather and footwear materials
56,927,375
3.57
628,284,076
-3.39
Auto components and spare parts
58,562,445
97.47
617,380,012
-8.35
Iron and steel products
51,778,368
-8.24
538,691,470
1.51
Chemical products
48,703,275
-13.76
516,233,031
15.05
Chemicals
29,933,776
-1.05
281,809,078
34.27
Cameras, camcorders and components
14,775,273
-28.69
189,105,575
-23.69
Paper of all kinds
18,784,789
-5.34
181,806,117
17.65
Other ordinary metal products
13,452,381
-24.46
179,200,178
11.54
Rubber
18,078,379
10.64
174,727,258
60.8
Pharmaceuticals
16,635,062
-18.03
162,417,337
1.05
CBU autos and spare parts
11,598,179
-14.57
151,524,374
-41.7
Fibers of all kinds
16,616,209
5.12
145,582,022
9.85
Rubber products
9,492,684
-16.49
117,851,111
2.85
Electric wires and cables
11,741,232
-18.96
111,390,855
4.39
Other oil products
13,007,405
73.27
106,249,456
26.77
Glass and products
5,239,129
-20.09
64,286,586
81.15
Fertilizer of all kinds
3,087,776
116.94
57,165,643
33.88
Household appliances and components
4,781,899
-18.25
49,836,710
25.98
Means of transport and spare parts
3,070,037
470.16
49,345,942
-57.69
Paper products
4,048,475
-11.63
47,926,882
4.27
Precious stones, metals and products
3,580,692
-38.92
42,081,005
59.6
Seafood
8,157,794
95.37
41,486,672
0.43
Pesticide and materials
3,147,474
-37.87
34,709,179
30.16
Hygiene products
2,326,948
-39.76
30,302,848
23.28
Animal feed and materials
3,143,413
-7.95
30,175,002
-1.19
Other food products
2,075,709
-17.18
22,654,312
2.42
Confectionery and grain products
3,280,956
0.59
20,236,996
77.35
Fruit and vegetables
1,390,554
-26.78
10,759,322
76.76
Wood and furniture
579,354
-14.86
8,162,059
-3.55
Milk and dairy products
846,444
-24.38
7,995,663
1.97
Ores and minerals
734,390
49.71
7,248,662
-3.74
Oil and grease
734,996
7.56
4,780,597
-3.2
Cotton of all kinds
314,751
-22.17
2,870,985
39.05
Pharmaceutical materials
370,602
189.25
2,738,921
-35.25
Liquefied gas
165,682
-35.84
1,830,296
-68.25
CK
Source: VITIC

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