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Vietnam – Malaysia trade exchange increased over 17% in 9 months 

 Thursday, October 18,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and Malaysia totaled US$8.6 billion in the first nine months of this year, up by 17.1 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, the country’s exports of goods to Malaysia reached $3 billion, down by 4.49 per cent year – on – year; and the country’s imports of goods from Malaysia

Meanwhile, the country’s imports of goods from Malaysia reached $5.6 billion, up by 34.2 per cent over the same period last year. So in the first nine months of this year, Vietnam got $2.5 billion of deficit in trade exchange with Malaysia.

In the period, the country’s imports of petroleum of all kinds reached 2.7 million tons worth of $1.7 billion, up by 38.6 per cent in quantity and 88.6 per cent in value year – on – year; computers, electronics and components – over $929.2 million, up by 19.51 per cent; machines, equipment and spare parts - $591.3 million, up by 31.61 per cent; ordinary metals - $256.9 million, up by 69.33 per cent.

However, the country’s imports of pharmaceuticals from Malaysia fell by 73.6 per cent; fragrant, cosmetics and hygiene products – down by 32.06 per cent; means of transport and spare parts – down by 47.84 per cent.

Also in the first nine months of this year, Vietnam’s exports of telephones and components to Malaysia reached $446.5 million; computers, electronics and components - $553.8 million; iron and steel of all kinds - $330.6 million; rice - $203.9 million; glass and products - $200.4 million; machines, equipment and spare parts - $144.3 million; means of transport and spare parts - $131.5 million.

In the period, the country’s exports of crude oil to Malaysia fell by 83.87 per cent in quantity and 78.07 per cent in value to 79,100 tons worth of $42.2 million; but the exports of iron and steel – up by 76.57 per cent in quantity and 98.96 per cent in value to 478,100 tons worth of $330.6 million, up by 12.68 per cent; and wood and furniture - $78.9 million, up by over 2 times or 109.81 per cent.

Malaysia is now the 8th biggest investor in Vietnam. By June of 2018, Malaysia had 577 projects in Vietnam with the total capital of over $12 billion. Within ASEAN, Malaysia is the second biggest trade partner of Vietnam after Thailand.

Vietnam’s exports of goods to Malaysia in the first 9 months of 2018
- source: VITIC – according to the figures of the General Department of Customs
Item
First 8 months of 2018
First 8 months of 2018 vs. same period of 2017 (%)
Quantity
(Ton)
Value (US$)
Quantity
Value
Total
 
3,094,169,377
 
-4.49
Computers, electronics and components
 
553,894,176
 
-41.07
Telephones and components
 
446,545,134
 
2.54
Iron and steel of all kinds
478,116
330,617,327
76.57
98.96
Rice
452,628
203,935,560
7.69
24.69
Glass and products
 
200,430,207
 
40.75
Machines, equipment and spare parts
 
144,348,113
 
-1
Means of transport and spare parts
 
131,517,943
 
11.97
Seafood
 
81,523,256
 
9.9
Wood and furniture
 
78,952,159
 
109.81
Textiles and garments
 
76,867,310
 
13.78
Rubber
46,990
61,151,426
-21.75
-34.64
Coffee
26,516
51,438,812
83.26
52.08
Animal feed and materials
 
50,745,047
 
24.52
Footwear of all kinds
 
44,412,611
 
19.34
Fibers of all kinds
15,076
43,425,728
4.27
14.5
Petroleum of all kinds
101,087
42,278,003
77.02
75.85
Crude oil
79,185
42,273,172
-83.87
-78.07
Fruits and vegetables
 
39,599,458
 
6.22
Chemical products
 
39,155,720
 
18.95
Paper and products
 
37,992,358
 
57.88
Plastic products
 
36,600,385
 
29.91
Other ordinary metals and products
 
27,555,905
 
34.84
Clinker and cement
636,966
22,079,677
83.1
101.06
Fertilizer of all kinds
92,807
19,063,931
-14.53
-9.96
Iron and steel products
 
13,777,813
 
-41.84
Electric wires and cables
 
12,664,761
 
33.77
Cassava and products
24,448
11,782,211
-40.39
-9.3
Plastics
6,455
10,997,278
-4.29
10.41
Coal of all kinds
91,337
10,897,604
-45.01
-71.17
Ceramic and porcelain products
 
9,054,672
 
34.84
Rubber products
 
8,895,253
 
6.9
Confectionery and grain products
 
8,763,449
 
14.36
Chemicals
 
8,181,011
 
86.37
Handbags, wallets, suitcases, hats and umbrellas
 
7,463,386
 
-12.48
Ores and minerals
18,443
3,746,668
96.66
68.98
Pepper
957
3,607,311
-5.43
-40.11
Toys, sports equipment and spare parts
 
3,096,573
 
-1.28
Non – wooden furniture
 
2,685,008
 
-11.89
Tea
2,950
2,303,369
16.19
19.73
CK
Source: VITIC

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