Imports of goods from South Korea increased sharply
Thursday, February 22,2018AsemconnectVietnam - The bilateral trade exchange between Vietnam and South Korea totaled US$ 61.5 billion last year, increased sharply by 41.3 per cent over the year of 2016, showed the statistics figures of the General Department of Customs.
Of the figure, Vietnam exported US$ 14.8 billion worth of goods to South Korea, increased sharply by 30 per cent over the previous year, and imported $ 46.7 billion worth of goods from South Korea, up by 45.3 per cent.
Last year, the country’s exports of cell phones and accessories to South Korea reached $ 3.97 billion, up by 45 per cent; textiles and garments - $ 2.64 billion, up by 15.8 per cent; computers, electronics and components - $ 1.83 billion, up by 46 per cent; machines, equipment and spare parts - $ 967.64 million, up by 27.9 per cent; seafood - $ 778.5 million, up by 28.1 per cent.
The country’s imports of computers, electronics and components from South Korea reached $ 15.33 billion, up by 76.7 per cent; machines, equipment and spare parts - $ 8.63 billion, up by 46.6 per cent; cell phones and accessories - $ 6.18 billion, up by 72.6 per cent; fabrics of all kinds - $ 2.04 billion, up by 4.2 per cent; petroleum of all kinds - $ 1.91 billion, up by 93 per cent.
In 2017, the country’s imports of petroleum from South Korea increased sharply by 93 per cent to $ 1.91 billion; while the imports of computers, electronics and components – up by 76.7 per cent to $ 15.33 billion; cameras, camcorders and components – up by 73.5 per cent to $ 485.45 million; cell phones and accessories – up by 72.6 per cent to $ 6.18 billion; confectionery and grain products and grain products – up by 66.6 per cent to $ 25.59 million; fruit and vegetables – up by 63.2 per cent to $ 15.53 million.
However, the country’s imports of means of transport and spare parts; liquefied gas and pharmaceutical materials were down by 52.6 per cent; 57.3 per cent and 35.2 per cent, respectively year – on – year.
Vietnam’s imports of goods from South Korea in 2017 - Unit: USD
Item
|
December of 2017
|
December of 2017 vs. November of 2017 (+/-%)
|
2017
|
2017 vs. 2016 (+/-%)
|
Total import value
|
4,211,282,034
|
-0.49
|
46,734,424,969
|
45.31
|
Computers, electronics and components
|
1,452,403,729
|
6.14
|
15,330,523,253
|
76.74
|
Machines, equipment and spare parts
|
598,940,763
|
-9.44
|
8,627,802,978
|
46.6
|
Cell phones and accessories
|
589,148,216
|
-6.56
|
6,175,004,383
|
72.55
|
Fabrics of all kinds
|
195,523,061
|
-4.11
|
2,040,092,208
|
4.22
|
Petroleum of all kinds
|
228,480,853
|
18.41
|
1,907,716,671
|
93
|
Plastic products
|
137,317,999
|
-0.36
|
1,619,726,388
|
24.19
|
Other ordinary metal products
|
128,020,987
|
0.28
|
1,445,157,325
|
34.82
|
Plastics
|
122,765,662
|
-7.36
|
1,429,667,965
|
19.25
|
Iron and steel of all kinds
|
99,664,399
|
-17.32
|
1,217,046,824
|
20.51
|
Auto components and spare parts
|
47,800,952
|
-53.61
|
767,953,033
|
-10.68
|
Textile, garment, leather and footwear materials
|
61,243,496
|
-4.02
|
753,267,275
|
-4.7
|
Iron and steel products
|
76,008,408
|
2.8
|
688,612,040
|
-1.21
|
Chemical products
|
57,462,866
|
5.51
|
628,063,666
|
13.52
|
Cameras, camcorders and components
|
31,896,953
|
166.67
|
495,445,218
|
73.49
|
Chemicals
|
38,677,166
|
21.4
|
351,610,318
|
32.34
|
CBU autos and spare parts
|
56,723,663
|
238.65
|
224,997,742
|
-27.24
|
Paper of all kinds
|
19,285,852
|
-19.27
|
224,916,639
|
21.4
|
Other ordinary metal products
|
22,039,695
|
-1.04
|
223,297,234
|
16.43
|
Rubber
|
17,568,074
|
11.88
|
207,896,393
|
48.1
|
Pharmaceutical materials
|
13,759,571
|
12.76
|
188,380,352
|
-3.56
|
Fibers of all kinds
|
18,079,133
|
14.31
|
179,177,294
|
9.41
|
Rubber products
|
10,048,028
|
-10.9
|
138,897,687
|
0.93
|
Electric wires and cables
|
14,072,107
|
8.14
|
137,852,934
|
3.57
|
Other oil products
|
10,917,327
|
11.78
|
126,933,547
|
21.65
|
Glass and products
|
6,627,515
|
19.47
|
76,461,371
|
60.11
|
Fertilizer of all kinds
|
5,034,599
|
739.68
|
62,799,828
|
7.03
|
Means of transport and spare parts
|
6,785,831
|
16.85
|
61,936,504
|
-52.62
|
Household appliances and components
|
5,451,152
|
10.23
|
60,028,783
|
9.53
|
Paper products
|
5,731,574
|
-2.14
|
59,531,164
|
3.97
|
Seafood
|
4,050,502
|
-49.85
|
53,601,535
|
-3.91
|
Precious stones, metals and products
|
4,393,867
|
10.21
|
50,443,827
|
57.79
|
Pesticide and materials
|
1,309,171
|
-57.96
|
39,132,955
|
7.6
|
Hygiene products
|
3,307,274
|
-29.63
|
38,305,970
|
23.22
|
Animal feed and materials
|
4,147,519
|
5.1
|
38,281,389
|
1.57
|
Other food products
|
2,505,400
|
-3.16
|
27,741,308
|
4.42
|
Confectionery and grain products
|
1,910,900
|
-44.47
|
25,589,964
|
66.56
|
Fruit and vegetables
|
2,282,578
|
-8.22
|
15,529,569
|
63.21
|
Ores and minerals
|
2,203,908
|
-0.59
|
11,659,727
|
12.8
|
Milk and dairy products
|
975,420
|
25.84
|
9,718,459
|
-1.85
|
Wood and furniture
|
518,961
|
-50.2
|
9,703,258
|
-1.43
|
Oil and grease
|
668,926
|
-5.44
|
6,157,119
|
-4.32
|
Cotton of all kinds
|
276,386
|
-39.94
|
3,607,592
|
34.28
|
Pharmaceutical materials
|
511,545
|
81.04
|
3,531,969
|
-35.24
|
Liquefied gas
|
504,290
|
79.38
|
2,615,712
|
-57.28
|
CK
Source: VITIC
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