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Leading import and export markets and items in first four months of 2019 

 Monday, May 27,2019

AsemconnectVietnam - According to the statistics figures of the General Department of Customs, in the first four months of 2019, Vietnam’s total export turnover was estimated at 78.76 billion USD, up by 5.8 per cent year – on – year.

In the period, there were 16 items with export value of over 1 billion USD, accounting for 81.2 per cent of the country’s total export turnover, in which the exports of some valuable products increased over the same period last year.
Meanwhile, the country’s import value was estimated at 78.05 billion USD, up by 10.4 per cent over the same period in 2018.
In 4 months, there were 17 import items with the import value of over 1 billion USD, accounting for 76.3 per cent of the total import turnover, in which the imports of some items increased over the same period last year.

Leading exports items in the first four months of 2019
In the first 4 months of this year, there were 16 items with export value of over 1 billion USD, accounting for 81.2 per cent of the total export turnover, of which the exports of some items increased over the same period last year: electronics, computers and components reached 9.6 billion USD, up by 12.6 per cent; textiles and garments reached 9.4 billion USD, up by 9.8 per cent; footwear - reached 5.3 billion USD, up by 13.4 per cent; machinery, equipment and spare parts reached 5.3 billion USD, up by 4.1 per cent; wood and wood products - reached 3.1 billion USD, up by 17.8 per cent; means of transport and spare parts reached 2.9 billion USD, up by 5.7 per cent.

Although phones and components was the leading export item in the period with the export value of 16 billion USD, accounting for 20.4 per cent of the total export turnover but the figure decreased by 0.2 per cent compared to the same period last year. Meanwhile, the exports of seafood reached 2.4 billion USD, down by 1.3 per cent. The export turnover of some agricultural products in the first 4 months of this year decreased compared to the same period last year: coffee - reached 1.1 billion USD, down by 22.6 per cent (volume decreased by 13.5 per cent); cashew nuts - reached 884 million USD, down by 16.9 per cent (5 per cent increase in volume); rice - reached 866 million USD, down by 21.7 per cent (volume decreased by 7.9 per cent); pepper reached 270 million USD, decreased by 12 per cent (volume increased by 18.6 per cent).
Particularly the exports of vegetables and fruits reached 1.4 billion USD, up by 5.5 per cent; rubber - reached 564 million USD, up by 15 per cent (volume increased by 26.1 per cent).

Leading export markets in the first four months of 2019
Regarding the export goods market in the first 4 months of 2019, the United States was Vietnam's largest export market with a turnover of 17.8 billion USD, up by 28.4 per cent compared to the same period last year, of which the exports of phones and components increased by 104.9 per cent; footwear - increased by 9.4 per cent; textiles and garments - increased by 8.5 per cent.
The next was the EU market with 13.7 billion USD, up by 2.8 per cent, of which the exports of machinery and equipment and spare parts increased by 19.7 per cent; electronics, computers and components increased by 9.6 per cent; footwear - increased by 7 per cent.

Meanwhile, the exports to China reached 10.4 billion USD, down by 5.8 per cent, of which seafood products decreased by 31.5 per cent; phones and components decreased by 62.3 per cent; the exports to ASEAN market reached 8.4 billion USD, up by 7.3 per cent, of which the exports of textiles and garments increased by 36.7 per cent; iron and steel increased by 9.7 per cent; the exports to South Korea reached 6.2 billion USD, an increase of 7.3 per cent, of which the exports of textiles and garments increased by 10 per cent; electronics, computers and components - increased by 9.4 per cent; phones and components - increased by 7.1 per cent.
The exports to Japan reached 6.1 billion USD, up by 6.6 per cent, of which the exports of electronics, computers and components increased by 33.9 per cent; footwear - increased by 27.6 per cent; textiles and garments - increased by 6.9 per cent.

Vietnam’s import value in the recent months
Vietnam’s import value reached 21,154 million USD in March, 646 million USD lower than the estimated number, of which the imports of equipment and spare parts were lower than 158 million USD; plastic was less than 67 million USD; automotive spare parts - lower than 52 million USD; phones and components - lower than 38 million USD; textile, garment and footwear materials - less than 25 million USD; iron and steel and crude oil - lower than USD 23 million; cotton and paper of all kinds - lower than 18 million USD.

Vietnam’s import value in April of 2019 was estimated at 20.6 billion USD, down by 2.6 per cent over the previous month, of which the import value of the domestic economic sector was at 8.8 billion USD, down by 2.1 per cent; foreign invested sector - 11.8 billion USD, down by 3 per cent.
The imports of several items in April

In April, the country’s imports of plastics decreased by 5.5 per cent; gasoline – fell by 7.8 per cent; electronics, computers and components - decreased by 9.5 per cent; phones and components - decreased by 11.6 per cent; cars - decreased by 12.3 per cent. Compared to the same period in 2018, the country’s import value of April of 2019 increased by 17.6 per cent, of which the import value of the domestic economic sector increased by 18.5 per cent; foreign invested sector - increased by 17 per cent. A number of goods with high turnover compared to the same period last year: the imports of cars increased by 65.1 per cent; electronics, computers and components - increased by 46.4 per cent; plastic products - increased by 25.5 per cent; machinery, equipment and spare parts - increased by 21.8 per cent; plastics - increased by 13.4 per cent.

Import value in the first four months of 2019 increased by over 10 per cent
In the first 4 months of 2019, the country’s import value was estimated at 78.05 billion USD, up by 10.4 per cent over the same period in 2018, of which the import value of the domestic economic sector reached 32.80 billion USD, increased by 14.4 per cent; foreign invested sector - reached 45.25 billion USD, increased by 7.6 per cent.

In 4 months, there were 17 import items with the import value of over 1 billion USD, accounting for 76.3 per cent of the total import turnover, in which the imports of some items increased over the same period last year: electronics, computers and components reached 15.8 billion USD (accounting for 20.2 per cent of the total import value), up by 20 per cent; machinery, equipment and spare parts - reached 11.6 billion USD, up by 15.2 per cent; fabrics - reached 4.1 billion USD, up by 8 per cent; iron and steel - reached 3.1 billion USD, up by 3.9 per cent; plastics - reached 2.9 billion USD, up by 3.9 per cent; cars - reached 2.4 billion USD, up by 95.6 per cent; plastic products - reached 2 billion USD, up by 12.3 per cent.
Besides, the import value of some valuable items decreased compared to the same period in 2018: phones and components reached 3.6 billion USD, down by 15.5 per cent; ordinary metals - reach 2.1 billion USD, down by 9.5 per cent.

Leading import items in the first four months of 2019
Regarding the import goods markets in the first 4 months of 2019, China was still the largest import market of Vietnam with the imports value of 22.3 billion USD, up by 18.8 per cent compared to the same period last year, in which the imports of electronics, computers and components increased by 80.9 per cent; machinery, equipment and spare parts - increased by 28.5 per cent; fabric - increased by 13.3 per cent.
The followings were the Korean market reached 15.5 billion USD, up by 3.1 per cent, of which the imports of equipment and tools and spare parts increased by 9.3 per cent; iron and steel - increased by 5.4 per cent; electronics, computers and components - increased by 4.3 per cent.

The country’s imports from ASEAN market reached 10.8 billion USD, increasing by 9.2 per cent, of which complete automobile increased by 619.3 per cent; iron and steel - increased by 372.3 per cent; machinery, equipment and spare parts - increased by 11.3 per cent. The imports from Japan reached 5.7 billion USD, down by 1.4 per cent, of which electronics, computers and components fell by 2.6 per cent; iron and steel fell by 15.6 per cent; phones and components - decreased by 85 per cent.
The imports from EU market reached 4.6 billion USD, up by 14.8 per cent, in which, complete automobile - increased by 714.6 per cent; machinery, equipment and spare parts - increased by 23.8 per cent.
The imports from the United States reached 4.2 billion USD, up by 14.3 per cent, of which the imports of animal feed and raw materials increased by 16.1 per cent; and the imports of machinery, equipment and spare parts increased by 9.4 per cent.
 
CK
Source: VITIC/GSO

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