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Leading import and export markets in first quarter of 2019 

 Friday, April 12,2019

AsemconnectVietnam - In the first quarter of this year, the U.S was the leading export market while China was the leading import market of Vietnam.

Main export markets of Vietnam in the first quarter of 2019
In the first quarter of 2019, the U.S was Vietnam's largest export market with a turnover of 13 billion USD, up by 26 per cent compared to the same period last year, of which the exports of phones and components increased by 76.9 per cent; textiles and garments - increased by 12.3 per cent; footwear - increased by 8.9 per cent. The following was the EU market with 10.2 billion USD, up by 2.5 per cent, of which electronics, computers and components increased by 13.5per cent; textiles and garments - increased by 9.8 per cent; footwear - increased by 9.7 per cent.

The exports of goods to China reached 7.6 billion USD, down by 7.4 per cent, of which the exports of electronics, computers and components fell by 2.1 per cent; vegetables and fruits fell by 10.8 per cent; phones and components decreased by 69.1 per cent. The exports to ASEAN market reached 6.3 billion USD, up by 6 per cent, of which the exports of textiles and garments increased by 40.5per cent; iron and steel increased by 8.3 per cent. The exports to Japan reached 4.7 billion USD, up 9.4 per cent, of which the exports of electronics, computers and components increased by 31.9 per cent; textiles and garments increased by 7.4 per cent. The exports to South Korea reached 4.7 billion USD, up by 7.7 per cent, of which the exports of phones and components increased by 20.1per cent; electronics, computers and components - up by 14 per cent; textiles and garments -increased by 6.4 per cent.

Main import markets of Vietnam in the first quarter of 2019
in the first quarter of 2019, China was still the largest import market of Vietnam with the import value of 15 billion USD, up by 9.7 per cent compared to the same period last year. Of the figure, the imports of electronics, computers and components from China increased by 49 per cent; machinery, equipment and spare parts - increased by 18.4 per cent; fabric - increased by 7.1 per cent. The followings were Korean market with the import value of 11.8 billion USD, up by 1.1 per cent, of which the imports of machinery and equipment and spare parts increased by 11.4 per cent; phones and components - increased by 6.2 per cent; iron and steel - rose by 5.9 per cent.

The country’s imports of goods from ASEAN market reached 8.2 billion USD, up by 10.1 per cent, of which the imports of CBU cars increased by 750.9 per cent; iron and steel - increased by 218.7 per cent; machinery, equipment and spare parts - increased by 18 per cent. Meanwhile, the imports of goods from Japan reached 4.7 billion USD, up by 5.6 per cent, of which the imports of fabrics increased by 29.3 per cent; machinery, equipment and spare parts - increased by 13 per cent; electronics, computers and components - increased by 6.5 per cent.

The imports from EU market reached 3.6 billion USD, up by 18.7 per cent, of which the imports of CBU cars rose by 840.8 per cent; machinery, equipment and spare parts - increased by 32.1 per cent. The imports from the US reached 3 billion USD, up by 11.8 per cent, of which the imports of animal feed and raw materials increased by 38.8 per cent; and electronics, computers and components - increased by 10.7 per cent.
CK
Source: VITIC

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