Trade News

  • Vietnam imports and exports in March and first quarter

  • Thursday, 4/20/2017

  • AsemconnectVietnam - Vietnam’s trade revenue reached US$ 35.59 billion in March, increased by 26 per cent or nearly $ 7.34 billion over the previous month, according to the statistics figures of the General Department of Customs.

  • In the first 3 months of this year, the country’s total trade revenue hit $ 91.21 billion, up by 19.9 per cent or nearly $ 15.16 billion over the same period last year.
    The export turnover in the first 3 months of this year was at $ 44.64 billion, up by 15.1 per cent or nearly $ 5.86 per cent year – on – year; while the import value was at $ 18.35 billion in March, up by 21.1 per cent or nearly $ 3.2 billion month – on - month. The figure brought the country’s total imports in the first quarter of this year to over $ 46.57 billion, up by 24.9 per cent or $ 9.3 billion compared with the same quarter of 2016.
    The country got the trade deficit of over $ 1.1 billion in March and $ 1.94 billion in the first quarter, equivalent to 4.3 per cent of the total export turnover.
    Trade revenue of domestic economic and FDI sectors
    The total trade revenue of domestic economic sector reached over $ 23.16 billion in March, up by 25.9 per cent or over $ 4.76 billion over the previous month. Of the figure, the export turnover was at over $ 12.09 billion, up by 30.2 per cent and the import value was at over $ 11.07 billion, up by 21.5 per cent.
    The total trade revenue of the FDI sector reached nearly $ 59.12 billion in the first 3 months of this year, up by 18.8 per cent or $ 9.34 billion over the same period last year. Of the figure, the export turnover was at $ 31.32 billion, up by 18.8 per cent or over $ 4.04 billion; and the import value was at nearly $ 27.8 billion, up by 23.6 per cent or over $ 5.31 billion year – on – year.
    The FDI sector got the trade surplus of $ 1.02 billion in March and over $ 3.52 billion in the first quarter.
    Import and export markets
    In the first quarter of this year, the country’s exports of goods to the top ten markets reached over $ 35.5 billion, accounted for 79.5 per cent of the total. The country’s exports of goods to China increased sharply by 47.8 per cent year – on – year; while the exports to South Korea – up by 29.3 per cent; to Malaysia – up by 49.1 per cent; to Thailand – up by 24.1 per cent; and to India – up by 32.1 per cent. However, the country’s exports to the U.S increased by only 4 per cent; and to the EU (28 countries) increased by only 7.9 per cent.
    The leading import markets of the country in the first quarter of this year were China with the import value of $ 12.68 billion, up by 19.6 per cent year – on – year; South Korea - $ 9.97 billion, up by 45.4 per cent; Japan - $ 3.7 billion, up by 16.2 per cent; Taiwan - $ 2.77 billion, up by 8.23 per cent; the U.S - $ 2.19 billion, up by 26.2 per cent; Thailand - $ 2.18 billion, up by 19.9 per cent; Malaysia - $ 1.29 billion, up by 33.1 per cent; Singapore - $ 1.28 billion, down by 3.2 per cent; India - $ 1.01 billion, up by 51.7 per cent; and Indonesia - $ 885 million, up by 43.8 per cent.
    Export items
    The country’s exports of top ten items reached nearly $ 31.76 billion in the first quarter of this year, accounted for 71.1 per cent of the total. Cell phones and accessories were leading the list.
    Cell phones and accessories: Vietnam exported $ 3.09 billion worth of cell phones and accessories in March and $ 7.77 billion in the first 3 months of this year, down by 6.1 per cent compared with the same months of 2016.
    The main export markets of cell phones and accessories in the period were EU with over $ 2.38 billion, down by 6.1 per cent year – on – year; the U.A.E with $ 901 million, down by 19.9 per cent; South Korea - $ 755 million, up by 32.8 per cent; the U.S - $ 620 million, down by 43 per cent.
    Textiles and garments: The country exported $ 2.1 billion worth of textiles and garments in March and $ 5.62 billion in the first 3 months of this year, up by 10 per cent year – on - year.
    The leading export markets of textiles and garments in the first 11 months of this year were the U.S with $ 2.72 billion, up by 8.1 per cent year – on – year; EU - $ 733 million, up by 6.6 per cent; and Japan - $ 715 million, up by 12.4 per cent; and South Korea - $ 617 million, up by 17.1 per cent.
    Computers, electronic products and components: Vietnam earned $ 5.52 billion from export of computers, electronic products and components in the first 3 months of this year, up by 47.8 per cent compared with the same months of 2016.
    The major export markets of computers, electronic products and components in the period were China with $ 1.37 billion, up by 123.5 per cent year – on – year; and the EU - $ 1.04 billion, up by 12.3 per cent.
    Footwear of all kinds: The export of footwear of all kinds totaled over $ 1.09 billion in March and nearly $ 3.12 billion in the first 3 months of this year, up by 11.9 per cent year – on - year.
    The country’s top export markets of footwear of all kinds in the first 3 months of this year were the U.S with $ 1.07 billion, up by 13.3 per cent year – on – year; the EU (28 countries) –$ 988 million, up by 9.9 per cent; and China – $ 240 million, up by 28.5 per cent.
    Machines, equipment, tools and spare parts: The country earned nearly $ 1.13 billion from export of machines, equipment, tools and spare parts  in March and $ 2.91 billion in the first 3 months of this year, up by 37.5 per cent over the same period last year.
    The main export markets of machines, equipment, tools and spare parts in the first 3 months of this year were the U.S with $ 602 million, up by 26.7 per cent year – on – year; Japan –  $ 402 billion, up by 14.5 per cent; China – nearly $ 370 million, up by 85.6 per cent over the same period of 2016.
    Farm products (including fruit and vegetables; cashew nuts; coffee; tea; pepper; rice; cassava and products): Vietnam’s exports of farm products reached $ 1.59 billion in March and $ 3.94 billion in the first three months of this year, up by 15.3 per cent over the same period last year.
    The leading export markets of farm products in the first quarter of this year were China with $ 1.47 billion, up by 27.6 per cent year – on – year; EU (28 countries) - $ 748 million, up by 24.8 per cent; the U.S - $ 457 million, up by 23.5 per cent; ASEAN - $ 371 million, down by 17.5 per cent; Japan - $ 92 million, up by 17 per cent; and South Korea - $ 86 million, up by 52 per cent.
    The country’s exports of fruit and vegetables were at $ 280 million in March, up by 49.5 per cent month – on – month. The figure brought the total exports of those items in the first quarter of this year to $ 701 million, up by 29.8 per cent over the same period of 2016.
    Meanwhile, the exports of cashew nuts were up by 80.1 per cent in quantity and 88 per cent in value to 24,000 tons worth of $ 230 million in March and 56,000 tons worth of $ 515 million in the first three months of this year, down by 4.6 per cent in quantity but up by 16.9 per cent in value over the same months of last year.
    Coffee exports: Vietnam’s exports of coffee reached 168,000 tons worth of $ 382 million in March, up by 14.8 per cent in quantity and 15.1 per cent in value month – on – month. The figure brought the country’s total coffee exports in the first 3 months of this year  to 454,000 tons valued at $ 1.03 billion, down by 4.3 per cent in quantity but up by 27.5 per cent in value year – on - year.
    Rice: The country’s exports of rice hit $ 551,000 tons worth of $ 251 million in March, rose sharply by 38.8 per cent in quantity and 47.2 per cent in value month – on – month. The figure brought the country’s total export of rice in the first 3 months of this year to 1.29 million tons worth of $ 565 million, down by 17.5 per cent in quantity and 17.3 per cent in value year – on - year.
    Rubber: : The exports of rubber were at 66,000 tons worth of $ 138 million in March, down by 26.8 per cent in quantity and 27.9 per cent in value month – on – month. The figure brought the country’s total rubber exports in the first 3 months of this year to 250,000 tons valued at $ 511 million, up by 6.7 per cent in quantity and 90.7 per cent in value year – on - year.
    Seafood: The country’s exports of seafood hit $ 603 million in March, up by 41.6 per cent month – on – month. The figure brought the country’s total export of seafood in the first 3 months of this year to $ 1.51 billion, up by 7.9 per cent year – on - year.
    By the end of March, the country’s export of seafood to Japan reached $ 253 million, up by 29.3 per cent; to the U.S – $ 251 million, down by 14.4 per cent; to the EU – $ 249 million, up by 2.3 per cent; to China - $ 144 million, up by 20.9 per cent; and to South Korea - $ 141 million, up by 26.4 per cent over the same period last year.
    Crude oil: The country’s export of crude oil reached 470,000 tons valued at $ 181 million  in March and 1.52 million tons worth of $ 637 million in the first 3 months of this year, down by 16.2 per cent in quantity but up by 27.1 per cent in value over the same period last year.
    The country’s major export markets of crude oil were China with 704,000 tons, down by 39.8 per cent; to Japan – 237,000 tons, up by 206.9 per cent; to Singapore – 193,000 tons.
    Coal: The country’s export of coal reached 194,000 tons valued at $ 30 million in March and 401,000 tons worth of $ 65 million in the first 11 months of this year, up by 5.1 times in quantity and 12 times in value over the same period last year.
    China was the country’s biggest coal export market in the period with over 5 million tons, up by 4 per cent and accounted for 80 per cent of the total.
    Import items
    The country’s imports of top ten items totaled over $ 30 billion in the first three months of this year, accounted for 65 per cent of the total.
    Machines, equipment, tools and spare parts: The country imported $ 3.26 billion worth of machines, equipment, tools and spare parts in March and $ 8.07 billion in the first 3 months of this year. The figures were up by 35.9 per cent in quantity and by $ 2.13 billion in value year – on - year.
    The main import markets of machines, equipment, tools and spare parts in the first 5 months of this year were China with $ 2.53 billion, up by 34 per cent year – on – year; South Korea –  $ 2.33 billion, up by 104 per cent; Japan - $ 1.05 billion, up by 10.7 per cent over the same period of 2016.
    Computers, electronic products and components: Vietnam spent $ 2.99 billion for imports of computers, electronic products and components in March and $ 7.6 billion in the first 3 months of this year, up by 16.6 per cent compared with the same months of 2016.
    The major import markets of computers, electronic products and components in the period were South Korea with $ 2.69 billion, up by 27.9 per cent year – on – year; China - $ 1.58 billion, up by 28.5 per cent; and Taiwan - $773 million, up by 7.9 per cent.
    Cell phones and accessories: Vietnam imported over $ 1.14 billion worth of cell phones and accessories in March and $ 2.93 billion in the first 3 months of this year, up by 22.6 per cent compared with the same months of 2016.
    The main import markets of cell phones and accessories in the period were China with $ 1.61 billion, up by 7.5 per cent year – on – year; and South Korea - nearly $ 1.03 billion, up by 33.4 per cent.
    Iron and steel of all kinds: The country imported 1.91 million tons of iron and steel of all kinds worth of $ 873 million in March and 4.63 million tons worth of $ 2.36 billion in the first 3 months of this year, up by 1.1 per cent in quantity and 41.6 per cent in value year – on - year.
    In the first 5 months of this year, the country imported 2.21 million tons of iron and steel of all kinds worth of nearly $ 1.18 billion from China, down by 10.8 per cent in quantity and 40.7 per cent in value over the same period last year. The imports of those items from Japan reached 529,000 tons worth of $ 315 million; from South Korea – 417,000 tons worth of $ 293 million; from India – 439,000 tons worth of $ 227 million.    
    Cashew nuts: The country imported 76,100 tons of cashew nuts in March and 176,000 tons worth of $ 363 million in the first three months of this year in the first three months of this year, increased sharply by 64.4 per cent in quantity and 115.3 per cent in value over the same period of 2016.
    CBU automobile: Vietnam imported 11,000 CBU automobile worth of $ 180 million in March, up by 39.3 per cent in quantity and 13.9 per cent in value over the previous month. The figure brought the country’s total import of CBU automobile in the first 3 months of this year to 26,500 units worth of $ 488 million, up by 34.4 per cent in quantity and 1 per cent in value year – on – year.
    ASEAN was the country’s biggest CBU automobile import market of Vietnam in the first 3 months of this year with 14,460 units, up by 67.6 per cent over the same period of 2016.
    Coal: Vietnam imported nearly 2 million tons of coal worth of $ 217 million in March, up by 76.9 per cent in quantity and 47.8 per cent in value over the same period last year. In the first quarter of this year, the country imported 3.61 million tons worth of $ 410 million, up by 4.6 per cent in quantity and 95.8 per cent in value year – on – year.
    The major imports markets of coal in the first three months of this year were Russia with 1.26 million tons, up by 14.5 per cent; and Indonesia – 1.07 million tons, up by 132 per cent.
    Petroleum of all kinds: The import of petroleum of all kinds totaled 1.3 million tons worth of $ 662 million in March and 2.95 million tons worth of nearly $ 1.59 billion in the first 3 months of this year, up by 7.2 per cent in quantity and 74.6 per cent in value over the same period last year.
    CK
    Source: custom.gov.vn

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