Monday, March 30,2020 - 17:59 GMT+7  Việt Nam EngLish 

Vietnam increased imports of iron and steel from India in 2019 

 Tuesday, February 18,2020

AsemconnectVietnam - India is now Vietnam's 9th largest trading partner in Asia. According to the statistics figure of the General Department of Customs, the total import value of goods from the Indian market in 2019 increased by 9.41 per cent compared to the previous year to reach 4.53 billion USD.

Vietnam increased imports of iron and steel of all kinds in 2019, bringing the turnover of this commodity group to 1.1 billion USD, accounting for a major market share of 24.25 per cent of the total import turnover, up by 180.3 per cent compared to the previous year.
There were 13 commodity groups with import value up to hundreds of millions of USD, such as: machinery, equipment, tools and other spare parts reaching 412 million USD; Automobile components and spare parts reached 175.24 million USD; Precious stones, precious metals and products reached 160.33 million USD; Textile, garment, leather and shoe materials reached USD 102.35 million, etc.

The next were 11 commodity groups with a turnover of tens of millions of USD, of which the CBU car group increased strongly by 853.75 per cent over the previous year to reach 67.57 million USD. The imports of computers, electronic products and components also increased by 92.29 per cent to 58.74 million USD.
The lowest proportion of wheat group with 0.01 per cent of the total, reaching 325,338 USD, but it had a strong growth of 11 times equivalent to 1092.15 per cent over the previous year.

Vietnam’s im
ports of goods from India in 2019 -source: VITIC – according to the figures of the General Department of Customs - Unit: USD
Item
December of 2019
Vs. November of 2019 (%)
2019
Vs. 2018 (%)
Percentage (%)
Total
484,252,473
11.08
4,537,649,436
9,41
100
Iron and steel of all kinds
142,421,345
-15.01
1,100,501,291
180,3
24.25
Machines, equipment, tools and spare parts
30,196,557
37.36
412,009,526
-14,48
9.08
Pharmaceuticals
32,155,548
42.73
254,630,842
-2,16
5.61
Seafood
22,512,503
46.77
201,542,229
-41,51
4.44
Chemicals
16,688,531
-4.73
184,478,503
14,19
4.07
Car components and spare parts
7,295,229
-52.86
175,245,257
14,72
3.86
Cotton of all kinds
7,604,225
123.53
162,303,567
-58,44
3.58
Precious stones, metals and products
16,622,361
11.14
160,331,410
-3,3
3.53
Animal feed and materials
4,173,812
-28.32
159,151,367
-20,67
3.51
Plastics
19,093,152
55.71
147,384,560
-24
3.25
Chemical products
10,753,648
15.42
114,241,774
5,74
2.52
Textile, garment, leather and footwear materials
7,323,624
-14.65
102,353,431
-17,28
2.26
Other ordinary metals and products
10,923,235
-0.7
101,529,908
-14,4
2.24
Fibers of all kinds
8,229,531
-4.97
100,866,931
-29,45
2.22
Pesticide and materials
7,523,619
13.77
77,332,806
-0,57
1.7
Fabrics of all kinds
5,645,191
-17.34
69,855,788
1,6
1.54
CBU cars of all kinds
9,800,000
84.67
67,578,046
853,75
1.49
Pharmaceutical products
4,590,062
8
65,067,013
-1,48
1.43
Computers, electronics and components
1,440,047
51.31
58,748,656
92,29
1.29
Paper of all kinds
4,872,746
51.72
42,103,434
-7,37
0.93
Fruit and vegetables
1,405,465
-36.74
31,876,963
-18,64
0.7
Iron and steel products
2,807,916
38.57
31,630,607
9,65
0.7
Ores and minerals
2,869,921
-55.48
30,411,387
-41,9
0.67
Plastic products
2,053,290
60.23
18,647,075
17,51
0.41
Tobacco materials
2,996,558
233.38
15,975,116
8,59
0.35
Rubber products
968,482
35.94
9,595,688
0,97
0.21
Other oil products
717,603
-10.95
9,094,355
-17,97
0.2
Oil and grease
545,392
14.83
4,906,513
-24,86
0.11
Fertilizer of all kinds
451,343
-35.17
4,546,628
3,63
0.1
Corn
33,670
-51.34
1,527,191
-93,86
0.03
Wheat
 
 
325,338
1092,15
0.01
Others
99,537,870
69.43
621,856,233
 
13.7
CK
Source: VITIC

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