Imports of wheat from U.S increased sharply in first two months
Saturday, April 11,2020AsemconnectVietnam - According to the preliminary statistics figures from the General Department of Customs, the total imports of goods from the US market in the first 2 months of 2020 grew by 18.66 per cent to reach 2.18 billion USD. In which, there were 4 groups of item with a turnover of hundreds of millions USD and many groups of items saw a strong increase.
Among the items with the import value of tens of millions USD, it is noteworthy that the wheat had a sudden increase in both quantity and value. In February of 2020, Vietnam did not import wheat from the US market. However, the import volume reached 36,073 tons in January, brought the country’s total wheat imports in the first two months 10.37 million USD, up by 113 times compared with the same period last year.
In addition, a number of other items also had strong growth in import value in the first two months of the year such as: iron and steel scrap increased by 116.96 per cent to reach 35.9 million USD; milk and milk products increased by 328.57 per cent to reach 28.96 million USD; other products from oil increased by 305.75 per cent to 7.88 million USD; other common metals increased by 169.78 per cent to 4.88 million USD; electric wires and cables increased by 179.79 per cent to 3.47 million, etc.
Vietnam’s imports of goods from the U.S in the first 2 months of 2020 – according to the figures of the General Department of Customs – Unit: USD
Item
|
February of 2020
|
Vs. January of 2020 (%)
|
First 2 months of 2020
|
Vs. first 2 months of 2019 (%)
|
Market share (%)
|
Total
|
1,167,724,691
|
18.19
|
2,181,048,151
|
18.66
|
100
|
Computers, electronics and components
|
371,484,403
|
4.58
|
726,379,719
|
32.48
|
33.3
|
Cotton of all kinds
|
145,428,044
|
121.45
|
211,099,596
|
1.36
|
9.68
|
Machines, equipment, tools and spare parts
|
80,908,286
|
32.45
|
141,051,421
|
-2.7
|
6.47
|
Plastics
|
76,555,690
|
38.31
|
131,911,757
|
7.36
|
6.05
|
Soybean
|
47,928,765
|
47.82
|
80,352,167
|
14.63
|
3.68
|
Textile, garment, leather and footwear materials
|
36,830,391
|
40.36
|
63,071,134
|
-19.04
|
2.89
|
Fruit and vegetables
|
29,759,168
|
-2.93
|
60,421,218
|
54.87
|
2.77
|
Chemical products
|
39,832,326
|
101.77
|
59,128,164
|
0.37
|
2.71
|
Animal feed and materials
|
29,362,978
|
11.48
|
55,760,957
|
-56.79
|
2.56
|
Wood and furniture
|
27,518,817
|
15.79
|
51,285,805
|
20.84
|
2.35
|
Pharmaceutical materials
|
22,198,766
|
-48.33
|
47,768,503
|
38.61
|
2.19
|
Iron and steel scraps
|
21,017,083
|
40.23
|
35,908,062
|
116.96
|
1.65
|
Other means of transport and spare parts
|
17,137,874
|
-6.58
|
35,480,621
|
-22.61
|
1.63
|
Other food products
|
16,713,817
|
-6.72
|
33,050,738
|
-1.93
|
1.52
|
Milk and dairy products
|
13,629,695
|
-11.09
|
28,968,807
|
328.57
|
1.33
|
Plastic products
|
13,257,475
|
35.19
|
23,327,484
|
32.01
|
1.07
|
Chemicals
|
7,610,124
|
-40.97
|
20,472,268
|
-29.57
|
0.94
|
Glass and products
|
781,223
|
-94.74
|
15,639,506
|
73.83
|
0.72
|
Iron and steel products
|
5,811,151
|
-0.87
|
11,716,437
|
25.06
|
0.54
|
Seafood
|
4,727,275
|
-24.44
|
10,950,685
|
3.18
|
0.5
|
Wheat
|
|
-100
|
10,378,012
|
11210.08
|
0.48
|
Aromatics, cosmetics and hygiene products
|
4,653,261
|
-28.75
|
8,367,252
|
1.73
|
0.38
|
Other oil products
|
4,937,106
|
67.27
|
7,889,264
|
305.75
|
0.36
|
Rubber
|
5,144,235
|
192.07
|
6,905,567
|
53.03
|
0.32
|
Other ordinary metals
|
3,322,356
|
112.93
|
4,882,664
|
169.78
|
0.22
|
Ores and minerals
|
2,189,199
|
-5.85
|
4,514,338
|
2.6
|
0.21
|
Paper of all kinds
|
2,763,449
|
58.1
|
4,511,360
|
15.18
|
0.21
|
Other metal products
|
2,283,511
|
22.76
|
4,143,715
|
-10.81
|
0.19
|
Car components and spare parts
|
1,466,800
|
-45.02
|
4,134,889
|
5.7
|
0.19
|
Fabrics of all kinds
|
2,372,320
|
56.59
|
3,881,602
|
3.19
|
0.18
|
Electric wires and cables
|
1,972,528
|
31.76
|
3,469,573
|
179.79
|
0.16
|
Rubber products
|
1,994,303
|
53.54
|
3,293,152
|
24.08
|
0.15
|
CBU cars of all kinds
|
600,704
|
-78.56
|
3,282,955
|
-74.93
|
0.15
|
Iron and steel of all kinds
|
1,174,612
|
14.04
|
2,204,323
|
-26.17
|
0.1
|
Pesticide and materials
|
1,710,263
|
569.14
|
1,965,856
|
43.61
|
0.09
|
Fertilizer of all kinds
|
1,087,019
|
37.46
|
1,877,836
|
165.21
|
0.09
|
Gemstones, precious metals and products
|
919,920
|
9.64
|
1,758,965
|
4.12
|
0.08
|
Paper products
|
1,094,678
|
97.29
|
1,649,996
|
20.55
|
0.08
|
Confectionery and grain products
|
766,827
|
58.11
|
1,255,711
|
11
|
0.06
|
Oil and grease
|
608,477
|
104.36
|
906,320
|
-5.86
|
0.04
|
Cameras, camcorders and components
|
316,918
|
-1.11
|
637,392
|
-33.63
|
0.03
|
Phones and accessories
|
88,154
|
-59.34
|
304,948
|
-76.26
|
0.01
|
Tobacco materials
|
46,390
|
-37.07
|
120,107
|
-86.5
|
0.01
|
Others
|
117,718,310
|
32.94
|
254,967,305
|
120.57
|
11.69
|
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