Auto imports increased sharply in first 2 months
Wednesday, March 15,2017AsemconnectVietnam - In the first two months of this year, Vietnam’s imports of automobile from India rocketed by 858 per cent in quantity over the same period last year, but the import value was down by 5.9 per cent.
Vietnam spent $ 309.7 million on imports of 15,275 CBU (complete built unit) autos in the first 2 months of this year, up by 32.8 per cent in quantity and by 6.8 per cent in value over the same period of 2016, showed the statistics figures of the General Department of Customs.
In February of this year, the country imported 8,027 autos worth of $ 158
4 million, up by 9.4 per cent in quantity and 3.6 per cent in value compared with the previous month.
Thailand was leading the list of the country’s major auto import markets with 5,714 units worth of $ 110.3 million. It was followed by Indonesia with 3,108 units worth of $ 53.6 million; South Korea – 2,045 units worth of $ 27.9 million; India – 1,724 units worth of $ 6.8 million; China – 457 units worth of $ 17.2 million; Japan – 747 units worth of $ 21.4 million.
In the first 2 months of this year, the country’s imports of autos from India rocketed by 858 in quantity per cent year – on – year; while the imports from Indonesia increased sharply by 343 per cent in quantity and 564 per cent in value.
Vietnam’s auto imports in first 2 months of 2017 – Source: the General Department of Customs
Market
|
First 2 months of 2017
|
First 2 months of 2016
|
First 2 months of 2017 vs. same period of 2016 (%)
|
|||
Quantity
(Unit)
|
Value
(US$)
|
Quantity
(Unit)
|
Value
(US$)
|
Quantity
|
Value
|
|
Total
|
15,275
|
309,740,647
|
11,505
|
289,975,531
|
+32.77
|
+6.82
|
Thailand
|
5,714
|
110,321,079
|
4,731
|
80,193,136
|
+20.78
|
+37.57
|
Indonesia
|
3,108
|
53,553,515
|
702
|
8,067,200
|
+342.74
|
+563.84
|
South Korea
|
2,045
|
27,881,049
|
2,027
|
27,441,383
|
+0.89
|
+1.60
|
India
|
1,724
|
6,785,391
|
180
|
7,209,880
|
+857.78
|
-5.89
|
Japan
|
747
|
21,425,500
|
1,141
|
48,341,498
|
-34.53
|
-55.68
|
China
|
457
|
17,235,733
|
1,180
|
46,081,481
|
-61.27
|
-62.60
|
The U.S
|
380
|
12,938,950
|
257
|
8,206,121
|
+47.86
|
+57.67
|
Russia
|
374
|
17,663,645
|
268
|
22,234,761
|
+39.55
|
-20.56
|
Germany
|
285
|
17,108,709
|
382
|
12,065,274
|
-25.39
|
+41.80
|
The U.K
|
62
|
3,550,636
|
160
|
6,944,769
|
-61.25
|
-48.87
|
Canada
|
7
|
327,200
|
22
|
622,380
|
-68.18
|
-47.43
|
France
|
7
|
647,251
|
5
|
431,938
|
+40.00
|
+49.85
|
CK
Source: VITIC
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