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Exports to China decreased in first two months 

 Tuesday, March 19,2019

AsemconnectVietnam - According to preliminary statistics figures from the General Department of Customs, Vietnam’s exports of goods to China in February 2019 decreased by 32.46 per cent compared to January 2019, equivalent to 1.8 million USD and 5.68 per cent lower than with February of 2018.

In the first 2 months of 2019, export turnover to China reached 4.7 billion USD, down by 16.86 per cent year – on - year.
Vietnam exported to China mainly computers, electronic products and components; fruits and vegetables, textile fibers, etc. However, in the first two months of this year, the groups of goods with high turnover, including computers, electronics and components; and fruits and vegetables, saw decrease. The exports of computers, electronics and components accounted for a large proportion of 22 per cent with the export turnover of over 1 billion USD, but decreased by 8.86 per cent over the same period last year.

In February of 2019 only, the exports of computers, electronics and components reached 475.39 million USD, down by 8.88 per cent compared to January 2019 but increased by 6.74 per cent compared to February of 2018; while the exports of vegetables and fruits decreased by 14.74 per cent, equivalent to 428 million USD. In February of 2019 only, the exports of fruits and vegetables reached 171.23 million USD, down by 33.52 per cent compared to January 2019 and decreased by 17.26 per cent compared to February of 2018.

The main items exported by Vietnam to China in the first two months of this year were computers, electronic products and components; fruits and vegetables, fibers of all kinds, etc. However, in the first two months of this year, the groups of goods with high turnover were computers of electronic products and fruits and vegetables, and all of them saw decrease in turnover.

The exports of computers of electronic products accounted for a large proportion of 22 per cent, reaching over 1 billion USD, but decreased by 8.86 per cent over the same period. In February of 2019 only, the exports of computers, electronics and components reached 475.39 million USD, down by 8.88 per cent compared to January of 2019 but increased by 6.74 per cent compared to February of 2018. Meanwhile, the exports of vegetables and fruits decreased by 14.74 per cent, equivalent to 428 million USD.

In February of 2019 only, the exports of fruits and vegetables reached 171.23 million USD, down by 33.52 per cent compared to January of 2019 and by 17.26 per cent compared to February of 2018. The exports of fibers and yarns of all kinds reached 347,000 USD, with 131,600 tons, increased by 28.43 per cent in value and 20.63 per cent in volume respectively, despite the average export price decreased by 6.08 per cent to only 2,635.16 USD per ton.

Although the total exports of goods to China in the first 2 months of 2019 declined, but the exports ceramic and porcelain products to China  increased by 2.5 times over the same period (ie, increased by 147.35 per cent) to 2.03 million; clinker and cement increased by 2.1 times (ie 110.33 per cent) in value and increased 72.73 per cent in volume to 1.62 million tons, worth of 62.9 million USD, with the average export price of 38.76 USD  per ton, up by 21.77 per cent; chemicals - increased by 99.02 per cent to 109.9 million USD.

On the other hand, the country’s exports of rice to China in the first two months of this year sharply decreased by 95.14 per cent in volume and 95.48 per cent in value, and the average export price decreased by 7.09 per cent compared to the same period last year to 9,500 tons, worth of 4.5 million USD, with the average price of 472.17 USD per ton.
Vietnam’s exports of goods to China in the first two months of 2019 – source: the General Department of Customs
Item
First 2 months of 2019
+/- First two months of 2019 vs. same period of 2018 (%)
Volume (Ton)
Value (USD)
Volume
Value
Total
 
4,717,370,658
 
-16.86
Computers, electronics and components
 
1,036,198,471
 
-8.86
Fruits and vegetables
 
428,044,578
 
-14.74
Fibers of all kinds
131,691
347,026,915
28.43
20.63
Cameras, camcorders and components
 
326,945,980
 
-18.52
Footwear of all kinds
 
309,274,417
 
36.53
Telephones and components
 
308,815,408
 
-74.66
Machines, equipment and spare parts
 
204,327,962
 
-4.3
Textiles and garments
 
204,252,694
 
15.46
Rubber
153,192
196,028,902
53.09
34.5
Wood and furniture
 
151,559,288
 
-10.92
Crude oil
320,505
150,648,449
86.21
55.1
Cassava and products
364,984
134,307,861
-32.3
-16.6
Seafood
 
121,242,981
 
8.78
Chemicals
 
109,950,652
 
99.02
Petroleum of all kinds
127,427
78,740,125
27.88
25.79
Plastics
76,845
78,225,888
-8.44
30.59
Clinker and cement
1,624,329
62,951,853
72.73
110.33
Cashew nuts
6,890
56,255,914
-15.05
-29.31
Dây điện và dây cáp điện
 
50,446,135
 
-49.6
Means of transport and spare parts
 
34,948,411
 
-12.56
Textile, garment, leather and footwear materials
 
29,601,959
 
-4.45
Other ordinary metals and products
 
24,300,449
 
23.59
Handbags, wallets, suitcases, hats and umbrellas
 
22,154,477
 
23.7
Paper and products
 
21,645,548
 
75.62
Plastic products
 
18,310,700
 
12.75
Chemical products
 
18,211,428
 
7.92
Animal feed and materials
 
16,341,371
 
-7.04
Coffee
6,924
16,184,737
33.85
21.1
Rubber products
 
10,217,993
 
-12.7
Confectionery and grain products
 
10,028,788
 
-12.15
Ores and minerals
213,725
9,512,360
-44.66
13.65
Iron and steel products
 
9,341,796
 
22.68
Toys, sport equipment and spare parts
 
6,591,590
 
58.79
Iron and steel of all kinds
8,240
4,799,176
228.03
42.91
Rice
9,534
4,501,623
-95.14
-95.48
Tea
793
3,372,860
-29.64
93.3
Non-wooden furniture
 
2,057,181
 
23.14
Ceramic and porcelain products
 
2,033,853
 
147.35
Technical fabrics
 
1,590,572
 
-18.13
Bamboo, rattan, sedge and carpet products
 
1,333,030
 
2.78
Glass and products
 
1,300,959
 
-69.06
CK
Source: VITIC 

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