Vietnam's exports and imports in 2019 were estimated at US$516.96 billionSaturday, January 25,2020
AsemconnectVietnam - The country's trade turnover in 2019 were estimated at US$516.96 billion, with export turnover of goods gained US$263.45 billion, a rise of 8.1% over the previous year, of which the domestic economic sector saw a high growth rate of 17.7%, higher than the growth rate of FDI sector (4.2%), according to statistics from the General Department of Vietnam Customs.
Generally for the whole year 2019, export turnover of goods was estimated at US$263.45 billion, a rise of 8.1% over 2018, of which the domestic economic sector achieved US$82.10 billion, moving up by 17.7%, accounting for 31.2% of the total export turnover; the FDI sector (including crude oil) gained US$181.35 billion, increasing by 4.2%, accounting for 68.8% (this proportion reduced by 2.5 percentage points year-on-year). In 2019, there were 32 items with export turnover of more than US$ 1 billion, accounting for 92.9% of the total export turnover (6 items reached export turnover of over US$10 billion, taking 63.4%).
In the fourth quarter of 2019, import turnover achieved US$66 billion, a rise of 3.4% over the similar period in 2018 and a slight decline of 0.8% from the third quarter of this year. Generally for 2019, import turnover of goods was estimated to reach US$253.51 billion, a growth of 7% over 2018, of which the domestic economic sector gained US$108.01 billion, up 13.8%; the FDI sector achieved US$145.50 billion, up 2.5%; there were 37 import items with turnover of more than US$1 billion in 2019, representing up to 90.6% of the total import turnover (4 items reached over US$10 billion, accounting for 45.8%).
Investment inflow below expectations after CPTPP
Imports of animal feed and materials fell sharply in January
Farm produce prices slump as Covid-19 hits exports
COVID-19 highlights need for economic restructuring
Veggie, fruit exporters seek new markets through EVFTA
Vietnam – China imports and exports reached nearly 117 million USD
Imports of coal increased in volume and in value in 2019
Exports of coal decreased sharply in 2019
Vietnam increased imports of iron and steel from India in 2019
Netherlands sped up imports of cameras and camcorders from Vietnam
January sees steel consumption plummet nationwide
Cement demand to edge up 4-5 percent in 2020
Vietnam needs to find new rice markets to replace China: experts
Trade experts upbeat on EU-Vietnam bigger trade and investment potential