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Vietnam’s exports and imports of goods in July and first 7 months of 2019 

 Thursday, August 15,2019

AsemconnectVietnam - Vietnam’s exports of goods saw increase in July and the first seven months of this year, according to the estimate of the General Statistics Office.

 
The country imports of goods in July and the first 7 months of this year also increased compared with the same period last year.

Vietnam’s exports of goods in July of 2019
Vietnam’s export turnover in July of 2019 was estimated at 22.60 billion USD, increased by 5.5 per cent compared to the previous month. The exports of some products have increased speed such as textiles, machinery and equipment and spare parts, electronic computers and components, footwear, etc.

The country’s export turnover of goods in June of 2019 reached 21,428 million USD, 172 million USD lower than the estimated number, of which the expors of gasoline was lower than 70 million USD; footwear - less than 64 million USD; wood and wood products - less than 44 million USD; vegetables and fruits - less than 40 million USD; chemicals - lower than 38 million USD; electronics, computers and components - less than 29 million USD; textiles and garments - over 30 million USD; iron and steel - higher than 68 million USD.
The export turnover in July of 2019 was estimated at 22.60 billion USD, increasing by 5.5 per cent over the previous month, of which the export turnover of the domestic economic sector was at 6.99 billion USD, up by 2.4 per cent; foreign invested sector (including crude oil) reached 15.61 billion USD, up by 6.9 per cent.

Exports of several items in July of 2019
The country’s exports of some items in July of 2019 saw an increase in turnover over the previous month: textile and garment products - increased by 12.8 per cent; machinery, equipment and spare parts - up by 6.4 per cent; electronics, computers and components - increased by 4.3 per cent; footwear of all kinds - increased by 3.9 per cent. As compare to the same period last year, the export turnover in July increased by 9.3 per cent, of which the export turnover of the domestic economic sector increased by 16.4 percent, the foreign invested sector (including crude oil) – increased by 6.4 per cent. Some export products got a good increase in export turnover: electronics, computers and components - increased by 19 per cent; footwear of all kinds - increased by 15.9 per cent; wood and wood products - increased by 15.4 per cent; textiles and machinery, equipment, tools and spare parts - increased by 11.2 per cent.

Exports in first 7 months of 2019
In the first 7 months of 2019, the country’s total export turnover was estimated at 145.13 billion USD, up by 7.5 per cent over the same period of 2018, of which the export turnover of the domestic economic sector reaches 44 billion USD, up by 12.2 per cent, accounting for 30.3 per cent of total export turnover; foreign invested sector (including crude oil) reached 101.13 billion USD, up by 5.6 per cent, accounting for 69.7 per cent (the proportion decreased 1.3 percentage points compared to the same period last year).

Leading export items in the first seven months of 2019
In the first 7 months of 2019, there were 24 items with export value of over 1 billion USD, accounting for 88.1 per cent of the total export turnover (4 items got the export turnover of over 10 billion USD, accounting for 51.6 per cent). The exports of phones and components reached 27.3 billion USD, accounting for 18.8 per cent of the total export turnover, up by 3.1 per cent over the same period last year; electronics, computers and components - reached 18.6 billion USD, up by 14.9 per cent; textiles and garments - reached 18.3 billion USD, up by 10.5 per cent; footwear of all kinds - reached 10.4 billion USD, up by 13.8 per cent; machinery, equipment and spare parts - reached 9.7 billion USD, up by 7.2 per cent; wood and wood products - reached 5.7 billion USD, up by 16.4 per cent; vehicles and spare parts - reached 4.9 billion USD, up by 5.9 per cent; seafood - reached 4.6 billion USD, down by 1.9 per cent. The export turnover of some agricultural products in the first 7 months of 2019 decreased compared to the same period last year: vegetables - reached 2.3 billion USD, down by 0.3 per cent; coffee - reached 1.8 billion USD, decreased by 18.7 per cent (the amount decreased by 7.6 per cent); cashew nuts - reached nearly 1.8 billion USD, down by 11 per cent (volume increased by 13.8 per cent); rice - reached 1.7 billion USD, down by 14 per cent (0.8 per cent increase).

Particularly, the exports of rubber reached 1.1 billion USD, increased by 4.4 per cent (8.2 per cent increase in volume) and pepper - 528 million USD, up by 1.9 per cent (35.1 per cent increase in volume).
Regarding the export goods market in the 7 months of 2019, the United States was Vietnam's largest export market with a turnover of 32.5 billion USD, up by 25.4 pẻ cent over the same period last year; followed by EU market with 24.3 billion USD, up by 0.4 per cent; China - reached 20 billion USD, up by 0.1 per cent; ASEAN market - reached 15.2 billion USD, up by 5.5 per cent; South Korea - reached 10.7 billion USD, up by 4.4 per cent.
 
Vietnam’s imports of goods in July of 2019
According to the General Statistics Office, Vietnam’s import value in July of 2019 was estimated at 22.4 billion USD, up by 14.9 per cent over the previous month. The country’s import value in June of 2019 reached 19,495 million USD, 1.7 billion USD lower than the estimate. However, the import value of some items were much lower than estimate: Electronics, computers and components: 378 million USD lower; machinery and equipment, spare parts - 229 million USD lower; fabric - 180 million USD lower; iron and steel 143 million USD lower; gasoline - 101 million USD lower; crude oil and textile and garment materials and footwear - 75 million USD lower.

Vietnam’s import value in July of 2019 was estimated at 22.4 billion USD, up by 14.9 per cent over the previous month, of which the domestic economic sector achieved 9.3 billion USD, up by 14.2 per cent; foreign invested sector reached 13.1 billion USD, increased by 15.4 per cent. The import value of some goods increased compared to the previous month: the imports of petrol increased by 44 per cent; phones and components - increased by 30.2 per cent; cars - increased by 20.6 per cent; machinery, equipment and spare parts - increased by 13.4 per cent; electronics, computers and components - increased by 12.5 per cent. Compared to the same period of 2018, the import value in July of 2019 increased by 5 per cent, of which the import value of the domestic economic sector increased by 14.8 per cent; foreign invested sector - decreased by 1 per cent. The import value of several items increased sharply over the same period last year: means of transport and spare parts - increased by 164.3 per cent; coal - increased by 122.1 per cent; automobile - increased by 36.1 per cent; electronics, computers and components - increased by 19.5 per cent.

Imports and leading import items in the first 7 months of 2019
In the first 7 months of 2019, Vietnam’s import value was estimated at 143.34 billion USD, up by 8.3 per cent over the same period of 2018, of which the import value of the domestic economic sector reached 60.83 billion USD, up by 12.6 per cent; and the import value of foreign invested sector reached 82.51 billion USD, up by 5.3 per cent.
In the period, there were 28 imported goods worth over 1 billion USD, accounting for 85.8 per cent of the country’s total import value (2 items worth over 20 billion USD, accounting for 34.2 per cent), in which the imports of some items increased over the same period last year: Electronics, computers and components - reached 28.2 billion USD (accounting for 19.7 per cent of total import turnover), up by 19 per cent; machinery, equipment and spare parts - reached 20.8 billion USD, up by 12.7 per cent; fabric - reached 7.8 billion USD, up by 4.6 per cent; plastics - reached 5.2 billion USD, up by 1.5 per cent; cars - reached 4.3 billion USD, up by 69 per cent. In addition, the imports of some valuable items decreased compared to the same period of 2018: Phones and components - reached 7.1 billion USD, down by 4.4 per cent; iron and steel - reached 5.7 billion USD, down by 2.4 per cent; regular metals - reached 3.7 billion USD, down by 20 per cent.

Regarding the import markets in the 7 months of 2019, China was still the largest import market of Vietnam with the value of 42 billion USD, up by 16.9 per cent over the same period last year; followed by the Korean market with 26.6 billion USD, down by 0.8 per cent; ASEAN market - 18.8 billion USD, up by 5.2 per cent; Japan - 10.5 billion USD, down by 0.4 per cent; EU market - 8.29 billion USD, up by 8.6 per cent; the United States - 8.27 billion USD, increased by 8.6 per cent.
CK
Source: VITIC/GSO

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