Tuesday, July 16,2019 - 1:2 GMT+7  Việt Nam EngLish 

How major imported goods of Vietnam fluctuated in the first quarter 2019 

 Thursday, April 18,2019

AsemconnectVietnam - In the first quarter of 2019, Vietnam’s import turnover reached US$57.45 billion, increasing 8% compared to 2018.

Petroleum products fell, crude oil surged
According to the General Department of Vietnam Customs, import turnover of computers, electronic products and parts increased US$1.36 billion, machinery, equipment, tools and accessories increased by US$991 million, crude oil increased by US$860 million, CBU cars increased by US$765 million, and coal increased by US$428 million.
Notably, import turnover of petroleum products fell, while import turnover of crude oil surged to supply the operation of Nghi Son Refinery and Petrochemical Complex.
Specifically, the import volume of petroleum products reached 2.08 million tons, valued at US$1.23 billion, increasing by 40.4% in volume and declining by 45% in value compared to 2018.

Mostpetroleum products that Vietnam imported in the first quarter were from Malaysia with 625,000 tons, down 39.7%; Singapore with 488,000 tons, down 30.6%; South Korea with 396,000 tons, down 58.4%.
Meanwhile, import volume of crude oil reached nearly 2.1 million tons, valued at US$901.9 million, increasing 23 times in volume and 20 times in value compared to 2018. Kuwait is the main crude oil import market.

According to the General Department of Vietnam Customs, import turnover of mobile phones and parts was US$2.79 billion, decreasing by 16.6% compared to 2018.
Mobile phones and accessories were mainly imported from China and South Korea with market share accounting for 92.8% of the whole country’s import value.
Import turnover of material plastics and plastic products reached US$3.62 billion, up 3.8% compared to 2018.
Vietnam mainly imports material plastics and plastic products from South Korea, China andTaiwan.

The import volume of iron and steel reached 3.37 million tons, valued at US$2.26 billion, up 8.3% in volume and 3.1% in value.
China is the largest exporter of iron and steel to Vietnam with 1.38 million tons, worth US$867 million, up 23% in volume, up 4.6% in value. Other major import markets are Korea and Japan.
Import turnover of chemicals and chemical products reached US$2.43 billion, up 5.7% compared to 2018.
Chemicals and chemical products were mainly imported into Vietnam from China, Taiwan, and South Korea.

Computers imported from China
By the end of the first quarter, the commodity groups that had the largest import turnover were computers, electronic products and parts; machinery, equipment, tools and accessories; materials of textile, leather, shoes.
Import turnover of computer, electronic products and parts reached US$11.79 billion, up 13.1% compared to 2018.

This is the country's largest import commodity with a turnover of ten billion dollars until the end of the first quarter.
Vietnam mainly imported these commodity groups from South Korea, China and Taiwan.
Notably, import turnover from South Korea sharply deceased by 2% (only reaching US$4.57 billion), meanwhile import turnover from China sharply increased by 71.1% and from Taiwan increased by 38.3%.

The largest market is Korea with a 2% decrease in turnover (only US$4.57 billion), while the next two markets have a high increase, in which China has the strongest increase to 71.1%; and Taiwan’s market increased by 38.3%.
Import turnover of machinery, equipment, tools and accessories reached US$8.57 billion, up 13.1% compared to 2018.
Import turnover from China reached US$3.21 billion, up 27%, from South Korea reached US$1.56 billion, up 7.6% and from Japan reached US$1.13 billion, up 2.4%.
Import turnover of materials of textile, leather, shoes reached US$5.48 billion, up 5.4% compared to 2018.
This commodity groups were mainly imported from China valued at US$2.34 billion, up 15.9%, and other markets such as South Korea and Taiwan.
Source: baohaiquanonline 

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