Tuesday, September 17,2019 - 10:13 GMT+7  Việt Nam EngLish 

Vietnam got 200 million USD of surplus in trade exchange with Myanmar 

 Wednesday, September 11,2019

AsemconnectVietnam - Currently, Vietnam is Myanmar’s 9th biggest trading partner, the 7th largest foreign investor and the second largest investor in ASEAN.

In 2018, the two-way trade between Vietnam and Myanmar reached 860 million USD, Vietnam's investment in Myanmar reached 2.1 billion USD with 18 large projects.
In the first 7 months of 2019, the trade turnover between the two countries reached 549.12 million USD, of which the country’s exports to Myanmar reached 408.37 million USD and the imports from Myanmar was 140.74 million USD. Thus, in the first 7 months of 2019, Vietnam got 267.62 million USD of surplus in trade exchange with Myanmar.

According to the figures from the General Department of Customs, Vietnam's exports of goods to Myanmar in the first 7 months of 2019 reached 408.37 million USD, down by 3.97 per cent compared to the same period of 2018. Particularly in July of 2019, Vietnam's exports of goods to Myanmar decreased by 7.17 per cent compared to June of 2019 to 55.71 millionUSD. The figure decreased by 4.24 per cent compared with July of 2018

Vietnam exports to Myanmar mainly groups of transport vehicles, steel products, etc.
Notably, in the first 7 months of 2019 the country exported several new items to Myanmar such as: electric wires and cables, textile and garment materials, leather and telephone and accessories, pepper, coffee.
In particular, Myanmar increased the imports of chemicals from Vietnam, although the value was only 1.78 million USD, but increased by 43.57 per cent.
Vietnam’s exports of goods to Myanmar in the first 7 months of 2019 – source: the General Department of Customs
 
Item
 
First 7 months of 2019
 
+/- vs. same period of 2018 (%)
 
Volume (ton)
 
Value (USD)
 
Volume
 
Value
 
Total
 
 
408,379,092
 
 
-3.97
Means of transport and spare parts
 
47,216,236
 
6.02
Iron and steel products
 
33,391,507
 
-49.53
Electric wires and cables
 
33,351,380
 
 
Textile, garment, leather and footwear materials
 
32,761,915
 
 
Phones and accessories
 
27,650,025
 
 
Machines, equipment, tools and spare parts
 
24,928,835
 
-7.44
Plastic products
 
23,743,682
 
6.18
Textiles and garments
 
16,831,505
 
20.46
Iron and steel of all kinds
21,827
16,144,844
-22.41
-17.89
Chemical products
 
10,717,086
 
 
Other ordinary metals and products
 
8,807,382
 
-49.17
Confectionery and grain products
 
8,640,517
 
22.3
Pepper
2,477
5,828,222
 
 
Fertilizer of all kinds
15,902
5,641,828
 
 
Plastics
4,126
5,191,349
37.99
41.97
Ceramic and porcelain products
 
4,103,943
 
6.35
Coffee
752
2,947,237
 
 
Chemicals
 
1,789,927
 
43.57
Non – wooden products
 
1,093,902
 
-20.49
 
CK 
Source: VITIC 

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