Exports, imports of goods, services in 9 months of 2017

Trade News

Exports, imports of goods, services in 9 months of 2017

Friday, October 13,2017

AsemconnectVietnam - Generally, in nine months of this year, export turnovers of goods was estimated to reach US$ 154 billion, up 19.8% from the same period last year, of which the domestic economic sector achieved US$ 43.2 billion, up16.8%.

The FDI sector (including crude oil) gained US$ 110.8 billion, 21% rise. If the price factor were excluded, export turnovers of goods in nine months would increase by 14.4% over the same period in 2016.

Generally, in nine months of 2017, import turnovers of goods reached US$ 154.5 billion, up 23.1% over the same period last year, of which the domestic economic sector gained US$ 61.3 billion, up 18.7%; the FDI sector achieved US$ 93.2 billion, up 26.1%. If the price factor were excluded, import turnovers of goods in nine months would go up by 19.7% over the same period in 2016.

In general, in nine months of 2017, trade deficit was US$ 442 million, of which the domestic economic sector had trade deficit of US$ 18.08 billion; the FDI sector had trade suplus of US$ 17.64 billion. It is noteworthy that the trade deficit with South Korea in nine months of 2017 amounted to US$ 23.3 billion, an increase of 57.7% compared to the same period in 2016; this is the biggest trade deficit of Vietnam. The next was the trade deficit of US$ 19.7 billion with China, down 5.6%; and US$ 4.6 billion with ASEAN.

Export and import of services

Service exports in nine months of this year were estimated to reach US$ 9.74 billion, up 7.3% over the same period last year, of which travel service exports gained US$ 6.58 billion, accounting for 67.6% of the total turnovers and up 7.3%.

Estimated service imports in nine months achieved an estimate of US$ 12.55 billion, up 2.9% over the similar period last year, of which transportation service imports gained US$ 5.97 billion, accounting for 47.5% of the total import turnover and up 0.9%. Trade deficit of services in nine months was US$ 2.81 billion, equaling 28.9% of the service export turnover.

Source: General Statistics Office

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