AsemconnectVietnam - Vietnam’s imports of complete built cars in July increased both in volume and in value over the previous month, according to the statistics figures of the General Department of Customs.

The imports of car parts also saw growth in July.

Vietnam’s imports of cars in July and the first 7 months of 2019
According to the statistics figures from the General Department of Customs, the imports of complete built cars in July of 2019 increased by 10.1 per cent in volume and 1.7 per cent in value compared with June, reached 11,600 units, worth of 258.58 million USD.
According to the figures of the General Department of Customs, in July of 2019, Vietnam imported complete built cars mostly from 5 markets, Thailand was leading with 6,572 units, Indonesia with 3,210 units, China. with 600 units, Japan with 201 units and South Korea with 157 units.
The number of imported cars from these five markets accounts for about 92.5% of the total vehicle imports into Vietnam during the month.

The imports of under 9 seat cars reached 8,177 units worth of 161 million USD, accounting for 73.3 per cent of total cars imported.
In July of 2019, the country imported whole under – 9 – seat cars mainly from Thailand with 4,904 units and from Indonesia with 2,712 units.
The imports of trucks reached 2,520 units with a total value of 60 million USD.
In which, there are 1,668 cars originated from Thailand, and 498 cars originated from Indonesia.
Trucks were also imported mainly through HCMC port area with 1,496 units; and Hai Phong port area with 688 units.

The imports of other cars (specialized cars) reached 437 units in July, with a total declared value of about 28.4 million USD.
Among them, 272 units originated from China; and 100 units from Korea.
The complete built cars were imported into Vietnam last month mainly through Lang Son border gate with 230 units; port area of Ba Ria-Vung Tau with 60 units; Ho Chi Minh port area with 52 units; Hai Phong port area with 42 units.

From the beginning of the year to the end of July 2019, Vietnam imported 86,969 units of whole cars, nearly 4.6 times higher than the number of 18,888 units of the same period last year, with a value of 1.93 billion USD, 4.2 times higher than the value of the same period of 2018.
In particular, the imports of under – 9 - seat cars reached 63,063 units, 5 times higher; trucks are 20,805 units, nearly 3 times higher than the first 7 months of 2018.
According to the figures from the General Department of Customs, in the first 7 months of 2019, the imports of cars from Indonesia increased sharply, although the figures reached only 24,100 units, worth of 342.28 million USD, but compared to the same period in 2018 they increased by 24.4 times in terms of volume and 16.15 times in value.

Vietnam’s imports of auto parts in the first seven months of 2019
In the first 7 months of 2019, Vietnam’s imports of auto spare parts reached 2.3 billion USD – up by 15.3 per cent compared to the same period of 2018.
In July alone, the import value of this commodity group also reached 444.59 million USD, up by 52.5 per cent compared to June of 2019.
South Korea, Japan and China were the leading import markets of auto parts in July of 2019, with 134.18 million USD; 78.28 million USD and 66.2 million USD, increased compared to June of 2019. The figure brought the country’s imports of car parts from those 3 markets in the first 7 months of 2019 to 688.35 million USD, 431.89 million USD and 412.64 million USD, respectively. Compared to the same period in 2018, the imports of car parts from the Japanese market decreased by 6.86 per cent, but the imports from Korea increased sharply by 57.58 per cent.

Notably, in July of 2019, Vietnam increased its import of auto spare parts from Turkey market, up by 4.5 times (an increase of 351.7 per cent), but only reached 1.61 million USD. In addition, Vietnam also increased imports from India with an increase of 3.6 times (an increase of 257.91 per cent) compared to June of 2019 and an increase of 2.7 times (an increase of 172.48 per cent) compared to with July of 2018, reaching 25 million USD. The figure brought the total imports of auto parts from India in the first 7 months of 2019 to 104.8 million USD, up by 33.01 per cent over the same period last year. In addition, Vietnam also increased imports from the Italian market, increasing by 2.9 times (an increase of 188.75 per cent) compared to June of 2019 and up by 49.5 per cent compared to July of 2018 to 367,100 USD, raising the total import value in 7 months of 2019 to 2.1 million USD, up by 55.14 per cent over the same period of 2018 - this is also the market with a sharp increase only behind Korea.

In July of 2019, Vietnam’s imports of auto part from German market fell by 30.08 per cent and from Russia – down by 29.62 per cent.
Notably, in the first 7 months of this year, Vietnam also imported auto parts from Belarus market with the import value of 270,200 USD.
CK
Source: VITIC