Vietnam’s import value totaled $ 46.574 billion in the first quarter of this year
Thursday, May 25,2017AsemconnectVietnam - The country’s import value totaled $ 46.574 billion in the first quarter of this year, up by 24.9 per cent year – on – year.
Machines, equipment and spare parts were leading with the import value of $ 8.071 billion. It was followed by computers, electronics and components with $ 7.603 billion; cell phones and accessories - $ 2.934 billion; iron and steel of all kinds - $ 2.539 billion; cloth of all kinds - $ 2.346 billion.
In the first quarter of this year, Vietnam imported 2.63 million tons of petroleum worth of US$ 1.42 billion, down by 4.3 per cent in quantity but up by 56.5 per cent in value over the same period last year.
Vietnam’s total imports of goods reached $ 45.63 billion in the first three months of this year, up by 22.4 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
The country’s trade deficit reached $ 1.9 billion in the first quarter of this year.
The following is the list of top ten items imported in the first quarter of this year:
- Machines, equipment, tools and spare parts: The imports of machines, equipment, tools and spare parts reached $ 7.62 billion in the first quarter of this year, up by 28.3 per cent over the same period of 2016.
- Computers, electronics and components: The country’s imports of computers, electronics and components were up by 15 per cent year – on – year.
- Cell phones and accessories: The imports of cell phones and accessories totaled $ 2.89 billion in the first quarter of this year, up by 20.7 per cent over the same period last year.
In the first quarter of this year, Vietnam’s imports of cell phones and accessories from all markets saw annual growth. Especially, the imports of cell phones and accessories from the U.S increased ceaselessly.
Vietnam imported over US$ 1.14 billion worth of cell phones and accessories in March and over $ 2.9 billion in the first quarter of this year, increased by 22.6 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
China was leading the list of the country’s biggest import markets of cell phones and accessories in the first quarter of this year with the import value of $ 1.6 billion, up by 7.5 per cent over the same period last year and accounted for 55 per cent of the total. The imports from South Korea reached over $ 1 billion, up by 33.4 per cent.
The imports from Hong Kong, the U.S, Japan, Taiwan and the U.K reached $ 76.4 million; $ 31.2 million; $ 13.7 million; $ 6.6 million; and $ 1.2 million, respectively.
In the first quarter of this year, the country’s imports of cell phones and accessories rocketed by 1,986 per cent over the same period last year while the imports from Hong Kong, the U.K and Sweden also increased sharply by 175 per cent; 137 per cent and 106 per cent, respectively year – on – year.
The country also exported $ 3.09 billion worth of cell phones and accessories in March and $ 7.77 billion in the first quarter of this year, down by 6.1 per cent over the same period of 2016.
The major export markets of cell phones and accessories in the first three months of this year were the EU - $ 2.38 billion, down by 6.1 per cent; the U.A.E – nearly $ 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 year – on – year.
- Iron and steel of all kinds: The country’s import of iron and steel of all kinds reached 4.34 million tons worth of $ 2.42 billion in the first quarter, down by 5.3 per cent in quantity but up by 45.4 per cent over the same period of 2016.
- Cloth of all kinds: The imports of cloth of all kinds hit $ 2.25 billion, up by 5.5 per cent year – on – year.
Plastics: In the first quarter of this year, Vietnam’s imports of plastics totaled $ 1.71 billion, up by 33.2 per cent over the same period of 2016.
- Petroleum of all kinds: The imports of petroleum of all kinds reached 2.63 million tons worth of $ 1.42 billion, down by 4.3 per cent in quantity but up by 56.5 per cent in value over the same period last year.
- Ordinary metals: The country’s imports of petroleum reached 402,000 tons worth of $ 1.31 billion in the first quarter of this year, down by 6.9 per cent in quantity but up by 24 per cent in value over the same period last year.
- Textile, garment, leather and footwear materials: Vietnam’s imports of textile, garment, leather and footwear materials reached $ 1.2 billion, up by 7.7 per cent year – on – year.
- Plastic products: In the first three months of this year, Vietnam’s imports of plastic products reached $ 1.16 billion, up by 17.2 per cent year – on – year.
- Autos:Vietnam’s imports of CBU (complete built unit) autos, especially under 9 seat autos fell sharply after rising in the first days of the year, according to the information from the General Department of Customs.
In the second half of March, the country imported only 4,847 CBU autos, including 1,900 under 9 seat autos.
By the end of the first quarter, Vietnam’s CBU auto imports totaled 26,506 units worth of US$ 488 million, up by 11,477 units and $ 111 million compared with the same period of 2016.
The imports of under 9 seat autos increased by 10,621 units and $ 137 million.
In the first quarter of this year, the country’s major auto import markets were Thailand – 10,050 units; India – 4,798 units; Indonesia – 4,409 units; South Korea – 2,964 units and Japan – 1,053 units.
Vietnam imported nearly 26,506 CBU (complete built unit) autos worth of US$ 487.6 million, up by 34.3 per cent in quantity and 0.23 per cent in value over the same period last year, showed the preliminary statistics figures of the General Department of Customs.
In March only, the country imported nearly 11,185 autos worth of $ 180.4 million, increased sharply by 39.3 per cent in quantity and 13.9 per cent in value over the previous month.
ASEAN was the country’s leading auto import market in the first three months of this year with 14,460 units, rose sharply by 67.6 per cent year – on – year.
In the first three months of this year, the country imported 10,050 autos from Thailand, increased by 28.6 per cent; and 4,409 units from Indonesia, up by 429 per cent. Meanwhile, the imports of autos from India increased by 309 per cent in quantity and 44.3 per cent in value to 4,798 units; and the imports from South Korea – 2,964 units; from Japan – 1,053 units; from China – 888 units; from the U.S – 682 units.
In the reviewed period, the country’s imports of autos from China, Canada and the U.K fell sharply by 61 per cent; 63 per cent and 51 per cent, respectively year – on – year.
- Animal feed: Vietnam’s imported US$ 288 million worth of animal feed in March of this year, down by 18.65 per cent over the previous month but up by 10.11 per cent over the same month of last year, showed the statistics figures of the General Department of Customs.
In the first quarter of this year, Vietnam spent nearly $ 900 million importing animal feed and materials, increased sharply by 33.36 per cent over the same period last year.
The country’s imports of animal feed and materials from Italy rocketed by 572.06 per cent to over $ 21 million in the first quarter; from the Philippines – up by 218.04 per cent to over $ 6 million; from Canada – up by 164.74 per cent to over $ 6 million; and from Chile – up by 110.65 per cent to nearly $ 3 million.
Argentina was leading the list of the country’s major import markets of animal feed and materials in March with the import value of $ 122 million, down by 35.9 per cent month – on – month but up by 11.55 per cent year – on – year. The total imports of animal feed and materials from Argentina in the first quarter of this year hit over $ 410 million, accounted for 45.7 per cent of the total and increased by 38.1 per cent over the same period last year.
China ranked second with the import value of over $ 17 million in March and over $ 38 million in the first quarter of this year, down by 5.14 per cent year – on – year.
India ranked third with over $ 14 million in March and over $ 40 million in the first quarter of this year, up by 76.02 per cent over the same quarter of 2016.
The other markets were the U.S, Austria, Indonesia, the U.A.E and Italy with the import value of $ 104 million; $ 27.9 million; $27 million; $ 26 million and $ 21 million, respectively.
- Pesticide:Vietnam spent US$ 183 million on imports of fertilizer in the first three months of this year, up by 7.5 per cent over the same period of 2016.
According to the report of the Ministry of Agriculture and Rural Development, the country’s import value was estimated at $ 58 million in March and $ 183 million in the first three months of this year.
China was leading the list of the country’s biggest fertilizer import markets in the period with $ 53.1 per cent of the total market share.
In the first two months of this year, the country’s import of pesticide and materials from China, India, Germany and Thailand increased by 29.4 per cent; 34.5 per cent; 34.5 per cent and 16.6 per cent, respectively year – on – year.
The report also showed that in the country’s imports of fertilizer of all kinds were estimated at 451,000 tons worth of $ 131 million in March and 1.22 million tons worth of $ 338 million in the first three months of this year, up by 31.5 per cent in quantity and 23.8 per cent in value over the same period of 2016.
Of the figure, the imports of Urea fertilizer were estimated at 231,000 tons worth of $ 62 million, up by over 2 folds, both in quantity and in value compared with the same period last year; while the imports of SA fertilizer were estimated at 215,000 tons worth of $ 26 million, down by 10.5 per cent in quantity and 14.5 per cent in value.
In the first two months of this year, China was the country’s biggest fertilizer import markets with 36 per cent of the total market share. The country’s imports of fertilizer from the Philippines in the first two months of the year was up by over 12 folds in quantity and over 10 folds in value over the same period last year.
Imports from China increased sharply
By the end of the first quarter, Vietnam imported nearly US$ 12.7 billion worth of goods from China, increased sharply by 18.9 per cent over the same period of 2016 and accounted for 27.3 per cent of the country’s total import value, showed the statistics figures of the General Department of Customs. Last year, the country’s imports of goods from China have slowed down, but now it shows signs of reincrease. In the first quarter of this year, the country’s imports of machines, equipment and spare parts from China reached $ 2.5 billion; cell phones and accessories - $ 1.6 billion; computers, electronics and components - $ 1.6 billion; cloth - $ 1.2 billion; and iron and steel - $ 1.2 billion. Cell phones and accessories imported from China accounted for nearly 55 per cent of the country’s total import value of the item; cloth – 51 per cent; iron and steel – nearly 50 per cent; machines, equipment and spare parts – 31.3 per cent.
Source: VITIC/doanhnghiepvn.vn
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