Vietnam’s export reached 173.7 billion USD in the first 10 months
Wednesday, December 6,2017
AsemconnectVietnam - Total export value of Vietnam in the first 10 months reached 173.7 billion USD, up 20.7% compared to the same period of last year.
Moreover, after 10 months, Vietnam has trade surplus of 1.23 billion USD. Increasing trade value is due to some Foreign Direct Investment (FDI) enterprises to expand production. In which, the project of Samsung Display has contributed significantly to export in the remaining months of 2017, which helped export value to increase proportionally. According to the Agency of Foreign Trade (Ministry of Industry & Trade), in the first 10 months, FDI enterprises has exported goods and products with value of 125.5 billion USD, up 22.1% compared to the same period of last year. The spotlight of Vietnam’s export in the first 10 months are export of domestic enterprises reached 48.2 billion USD, up 17.2% compared to the same period of 2016. This is a remarkable achievement in the context of the slow rate of improvement in this sector in recent years, or even trade deficit in some period. In order for export to grow sustainably, at present, Vietnam export focuses on growing in quantity, which has a certain limit to grow. However, this cannot be a long term solution, as grow in quantity will not lead to sustainable development. In long term, Vietnam need to focus on stabilizing production and increasing added value. Besides, export activities should go in the direction of increasing in quality and the objective of socio-economic development in poor areas, as well as raising the living standard of citizens.
Rice is also a positive note when the exported amount after 10 months reached 5.05 million tons with 2.25 billion USD, up 22.3% in term of quantity and 21.1% in term of value compared to the same period of 2016. Besides, in this year, Vietnam has signed a series of export contracts with traditional markets such as Philippines, China and Bangladesh, which helped this product to overcome the trade deficit of last year and experienced a strong increase in export in this year.
Specifically, in Malaysia, Vietnamese companies have signed contract of exporting 150,000 tons; in Malaysia, Vietnamese companies have signed contract of exporting 250,000 tons; in Philippines, Vietnamese companies have signed contract of exporting 175,000 tons. New markets with high potential such as Australia and some West Asian countries also show significant increase in rice export. With positive results from rice export contracts in the remaining months of 2017, the Vietnam Food Association (VFA) has increased the rice export target from 5.2 million tons to 5.6 million tons, while at present, Vietnam has achieved 82% of the plan for 2017.
With a strong momentum of products in agro – forestry – fisheries, export of minerals and resources also increased 29.7%, while industrial processing and manufacturing also increased 21.9% compared to the same period of last year.
The Ministry of Industry & Trade forecasted that trade value of Vietnam in 2017 may reach the 210 billion USD mark, up 18.9% compared to the same period of last year. This is a feasible target considering the improvement of global trade, which is an important factor influencing domestic production, as well as Vietnam’s export activities.
Major farm products estimated at US$ 15.62 billion in 10 months
Vietnam’s exports of major farm-forestry-seafood products were estimated at $ 15.6 billion in the first ten months of this year, up by 15.2 per cent year – on – year, according to the report of the Ministry of Agriculture and Rural Development.
The country’s exports of those major items were as followed:
Rice: Vietnam exported 430,000 tons of rice valued at $ 206 million in October, and 5.05 million tons worth of $ 2.25 billion in the first ten months of this year, up by 22 per cent in quantity and by 21.1 per cent in value year – on – year.
The average rice export price in the first 9 months of 2015 was $ 442.3 per ton, down by 1.6 per cent compared with the same period of 2016.
China was still the country’s biggest rice export market in the first 9 months of 2017 with 39.3 per cent of the total market share. In the first nine months, the country’s export of rice to China increased by 32.8 per cent in quantity and 31.1 per cent in value year – on – year to nearly 1.8 million tons worth of $ 802.9 million.
The exports of rice to the Philippines were up by 46.4 per cent in quantity and 36.5 per cent in value to 494,500 tons worth of $ 196.4 million; that to Malaysia – up by 97.1 per cent in quantity and 76.6 per cent in value. However, the exports of rice to Hong Kong and Ghana fell by 44.3 per cent and 19.4 per cent, respectively.
In the first ten months of 2017, Vietnam’s exports of rice increased, both in quantity and in value over the same period last year. The exports to Iraq and Senegal increased sharply.
Vietnam exported 5.1 million tons of rice worth of US$ 2.29 billion in the first ten months of this year, increased by 23 per cent, both in quantity and in value over the same period last year, showed the statistics figures of the General Department of Customs.
The average rice export price in the first ten months of this year was at $ 448.6 per ton, down by 0.3 per cent year – on – year.
China accounted for nearly 40 per cent of the country’s total rice exports in the first ten months of this year with 2.03 million tons worth of $ 909.04 million, up by 35 per cent in quantity and 34 per cent in value over the same period of 2016.
Philippines followed with 496,224 tons worth of $197.18 million, up by 41 per cent in quantity and 32 per cent in value year – on - year.
The exports of rice to Malaysia reached 454,492 tons worth of $ 177.82 million, up by 97 per cent in quantity and 77 per cent in value; while the exports to Ghana reached 334,736 tons worth of $ 178.85 million, down by 24 per cent in quantity and 18 per cent in value year – on – year.
The exports of rice to the South East Asian countries reached 1.07 million tons worth of $ 430.18 million.
In the first ten months of this year, the country’s exports of rice Iraq increased sharply by 91 folds in quantity and 108 folds in value compared with the same period last year to 98,023 tons worth of $ 51.45 million while the exports to Senegal increased sharply by 178 folds in quantity and 90 folds in value compared with the same period last year to 24,963 tons worth of $ 8.18 million.
Coffee: Vietnam’s export of coffee was estimated at 71,000 tons worth of $ 164 million in October and 1.17 million tons worth of $ 2.69 billion in the first ten months of this year, down by 22.7 per cent in quantity and by 2.5 per cent in value year – on – year.
The average coffee export price in the first 9 months of 2017 was at $ 2,286.7 per ton, up by 27.5 per cent over the same period of 2016.
Germany and the U.S were the country’s biggest coffee export markets in the first ten months of 2017 with the market shares of 14.6 per cent and 13.1 per cent, respectively.
In the first nine months of the year, the country’s exports of coffee to Italy, India and Belgium increased by 15.2 per cent; 15.2 per cent and 14.5 per cent, respectively year – on - year.
Tea: Vietnam’s exports of tea were estimated at 12,000 tons worth of $ 20 million in October and 114,000 tons worth of $ 184 million in the first ten months of this year, up by 10.7 per cent in quantity and 8.5 per cent in value year – on – year.
The average tea export price in the first 10 months of 2017 was at $ 1, 596, 7 per ton, down by 0.6 per cent over the same period of 2016.
Pakistan was the country’s biggest tea export market in the reviewed period with the market share of 28.1 per cent. The export of tea to Pakistan decreased by 14.4 per cent in quantity and by 10.9 per cent in value year – on – year.
In the first nine months of this year, the country’s exports of tea to the U.A.E increased sharply by 2.43 times; to Taiwan – up by 63.7 per cent; to India – up by 40.8 per cent and to Saudi Arabia – up by 38.5 per cent.
Cashew nuts: The export of cashew nuts was at 31,000 tons worth of $ 309 million in October and 289,000 tons worth of $ 2.87 billion in the first ten months of this year, down by 0.4 per cent in quantity but up by 23.1 per cent in value over the same period of 2016.
The average cashew export price in the first 9 months of this year was at $ 9,908.5 per ton, up by 25.1 per cent year – on – year. The U.S, the Netherlands and China were the three biggest cashew export markets of Vietnam, accounted for 36.4 per cent; 15.9 per cent and 11.5 per cent of the total, respectively.
In the first nine months, the country’s export of cashew nuts to Russia increased sharply by 52.9 per cent; that to the Netherlands – up by 45.2 per cent; to the U.S – up by 34.7 per cent; to Thailand – up by 34 per cent; to the U.K – up by 23.6 per cent; to Israel – up by 22.1 per cent; and to China – up by 9.1 per cent.
Pepper: The exports of pepper were at 11,000 tons worth of $ 49 million in October and 192,000 tons worth of $ 1.02 billion in the first ten months of this year, up by 20.7 per cent in quantity but down by 21 per cent in value over the same period of 2016.
The average pepper export price in the first 9 months of this year was at $ 5,340 per ton, down by 34.3 per cent year – on – year. The U.S, India and the U.A.E were the three biggest cashew export markets of Vietnam, accounted for 19.3 per cent; 6.8 per cent and 6 per cent of the total market share, respectively.
Fruit and vegetables: Vietnam’s exports of fruit and vegetables were estimated at $ 209 million in October and $ 2.84 billion in the first ten months of this year, up by 41.2 per cent over the same period last year.
China, Japan, the U.S and South Korea were the country’s top export markets of fruit and vegetables with the market shares of 76 per cent; 3.6 per cent; 2.9 per cent; and 2.6 per cent, respectively.
In the first 9 months of this year, the country’s exports of fruit and vegetables to Japan increased sharply by 66.1 per cent; to the U.A.E – up by 58 per cent; and to China – up by 53.1 per cent.
China was leading the country’s list of 23 major export markets of fruit and vegetables in the first ten months of this year with the export turnover of $ 2.17 billion, up by 52.7 per cent and accounted for 75.6 per cent of the total.
It was followed by Japan with $ 104.33 million, up by 67.7 per cent; the U.S - $ 83.52 million, up by 23.2 per cent; and South Korea - $ 74.16 million, up by 4.3 per cent.
Vietnam’s exports of fruit and vegetables to the South East Asian countries reached $ 104.78 million, down by 5 per cent over the same period last year while the exports to EU reached $ 85.92 million, up by nearly 12 per cent.
In the first ten months of this year, the country’s exports of fruit and vegetables to Hong Kong increased sharply by 86.6 per cent to $ 17.23 million; to the U.A.E – up by 57 per cent to $ 28.85 million; to Japan – up by 65.7 per cent to $ 104.33 million; to Laos – up by 40.6 per cent to $ 6.59 million.
However, the exports of fruit and vegetables to Cambodia, Indonesia and Britain decreased by 65 per cent; 63 per cent and 30 per cent, respectively year – on – year.
In the last 5 year, the country’s exports of fruit and vegetables increased ceaselessly from $ 900 million in 2012 to $ 2.45 billion in 2016 and $ 3 billion in 2017. The exports of fruit and vegetables are expected to reach $ 10 billion in 2022.
Vietnam exported fruit and vegetables to 60 countries and territories in the world.
Cassava and products: The exports of cassava and products were at 212,000 tons worth of $ 60 million in October and 3.11 million tons worth of $ 788 million in the first ten months of this year, up by 3.3 per cent in quantity but down by 3.6 per cent in value over the same period of 2016.
China was still leading in the list of the country's major export markets of cassava and products of Vietnam, accounted for 86.7 per cent of the total market share in the first 9 months of this year, up by 5.6 per cent in quantity but down by 1.8 per cent in value year – on - year.
The country’s exports of cassava and products to South Korea and Taiwan decreased by 21.7 per cent and 11.4 per cent year – on – year in the first nine months of 2017.
Seafood exports increased in 10 months
Vietnam exported nearly US$ 6.84 billion worth of seafood in the first ten months of this year, increased by 19.5 per cent over the same period of 2016, showed the statistics figures of the General Department of Customs.
EU was the country’s biggest seafood export markets in the period, with the export turnover of $ 1.17 billion, up by 22 per cent year – on – year; while the exports to the Southeast Asian countries reached $ 492.43 million, up by 17 per cent.
The U.S was the country’s biggest seafood export market of Vietnam in the first ten months of this year with the export turnover of $ 1.18 billion, slightly decreased by 1.7 per cent over the same period last year and accounted for 17.3 per cent of the total.
Japan ranked second with $ 1.07 billion, up by 22 per cent; and then China - $ 908.88 million, up by 67.9 per cent and South Korea - $ 625.19 million, up by 29.5 per cent.
In the first ten months of this year, Vietnam’s exports of seafood to Denmark increased sharply by 104 per cent to $ 57.79 million; while the exports to Israel, Brazil and Turkey increased by 70 per cent; 71 per cent and 65 per cent, respectively over the same period of 2016.
US$ 10.44 billion earned from machine and equipment exports
Vietnam earned US$ 10.44 billion from exports of machines, equipment and spare parts in the first ten months of this year, increased by 29.1 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
The U.S was leading the list of 40 export markets of machines, equipment and spare parts all over the word in the first ten months of this year with the export turnover of $2 billion, up by 16.8 per cent year – on - year and accounted for 19.2 per cent of the total. It was followed by Japan with $ 1.41 billion, up by 10 per cent; and then China with $ 1.3 billion, up by 50.8 per cent year – on – year.
In the first ten months of this year, the exports of machines, equipment and spare parts to New Zealand increased sharply by 185.5 per cent; to Sweden – up by 170.6 per cent; to Russia – up by 165.6 per cent; and to Finland – up by 154.8 per cent; while the exports to Singapore decreased by 24 per cent; to Switzerland – down by 4.2 per cent; and to Czech – down by 2.5 per cent.
Footwear exports saw growth in first ten months
Vietnam’s exports of footwear saw positive growth of 13 per cent in the first ten months of this year to US$ 11.82 billion.
The U.S was leading the list of the country’s major footwear export markets in the period with the export turnover of nearly $ 4.17 billion, up by 13.7 per cent over the same period last year and accounted for 35.3 per cent of the total.
China ranked second with nearly $ 929.09 million, up by 30.3 per cent; and then Germany - $ 792.88 million, up by 35 per cent; Belgium - $ 722.98 million, up by 9.6 per cent; and Japan - $ 604.76 million, up by 8.4 per cent.
The country’s exports of footwear of all kinds to EU reached $ 3.68 billion, up by 10.5 per cent year – on – year while the exports to the South East Asian countries reached $ 210.79 million, up by 23.3 per cent.
In the first ten months of this year, the country’s exports of footwear to Indonesia increased sharply by 53 per cent year – on – year to $ 35.62 million; to Singapore – up by 45 per cent; to Poland – up by 33 per cent; to India – up by 33.7 per cent; to Portugal – up by 31 per cent; and to Hungary – up by 34 per cent.
Trading Partners
US$ 4.77 billion worth of goods exported to Germany
Vietnam exported US$ 4.77 billion worth of goods to Germany in the first nine months of this year, increased sharply by over 10 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
In September only, the country earned $ 568.83 million from exports of goods to Germany, up by 9 per cent month – on – month. -
Cell phones and accessories were leading the list of items exported by the country to Germany in the first nine months of this year with the export turnover of $ 1.33 billion, up by 5.5 per cent and accounted for 27.9 per cent of the total. It was followed by footwear of all kinds with $ 707.83 million, up by 35 per cent; and then textiles and garments with $ 534.65 million, up by 1.2 per cent year – on – year.
In the first nine months of this year, Vietnam’s exports of iron and steel to Germany increased sharply by 135.8 per cent to $ 3.42 million; while the exports of papers and products increased by 73.3 per cent; ordinary metals and products – up by 69.1 per cent; chemicals – up by 63.4 per cent; and rubber – up by 51 per cent.
However, the exports of pepper to Germany decreased by 33 per cent; ceramic and porcelain products – down by 15.1 per cent; bamboo, rattan, sedge and carpet products – down by 10.2 per cent; tea – down by 14 per cent; and coffee – down by 4 per cent.
Over US$ 2.2 billion worth of iron and steel exported to Italy
Vietnam earned over US$ 2.2 billion from exports of goods to Italy in the first nine months of this year, down by 6.03 per cent over the same period of 2016, showed the statistics figures of the General Department of Customs.
Cell phones and accessories were leading the list of items exported by the country to Italy in the first nine months of this year with the export turnover of $ 729.3 million, down by 25.41 per cent year – on – year. It was followed by footwear of all kinds with $ 215.1 million, down by 8.61 per cent; then coffee with $ 215.1 million, up by 15.19 per cent; and textiles and garments - $ 172.1 million, up by 14.87 per cent.
In the first nine months of this year, the country’s exports of iron and steel to Italy increased sharply by 193.55 per cent in quantity and 98.85 per cent in value to 23,800 tons worth of $ 26.7 million; while the exports of rubber products increased sharply by 94.42 per cent to $ 11.2 million.
Besides, the exports of rubber; handbags; machines and equipment also increased by 62.82 per cent; 33.29 per cent; and 30.45 per cent, respectively.
Meanwhile, the exports of pepper to Italy decreased sharply by 28.76 per cent to $ 5.2 million.
US$ 2.5 billion worth of goods exported to France
Vietnam exported US$ 2.5 billion worth of goods to France in the first nine months of this year, increased sharply by 18.62 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Cell phones and accessories were leading the list of items exported by the country to France in the first nine months of this year with the export turnover of $ 905.6 million, up by 25.49 per cent year – on - year. It was followed by textiles and garments and footwear of all kinds.
In the first 9 months of this year, the country’s exports of rubber to France increased sharply by 94.43 per cent to $ 6.7 million; while the exports of textile, garment, leather and footwear materials increased by 81.97 per cent; plastic products – up by 56.14 per cent; and machines, equipment and spare parts – up by 52.23 per cent.
However, the exports of pepper to France decreased by 21.21 per cent in quantity and 47.15 per cent year – on – year to 1,700 tons worth of $ 10.3 million.
US$ 2.41 billion worth of goods exported to Australia
Vietnam exported over US$ 2.41 billion worth of goods to Australia in the first 9 months of this year, up by 16.6 per cent over the same period last year, according to the preliminary statistics figures of the General Department of Customs.
The major commodities exported by the country to Australia in the first 9 months of this year included cell phones and accessories; computers, electronic products and components; footwear of all kinds; textiles and garments; seafood; machines, equipment and spare parts; wood and furniture.
Cell phones and accessories were leading the list with the export turnover of $ 278.2 million, accounted for 11.5 per cent of the total, and increased by 16.3 per cent year – on – year.
It was followed by footwear of all kinds with $ 162.47 million, up by 11.6 per cent and accounted for 6.7 per cent of the total.
In the first 9 months of this year, the country’s exports of cameras, camcorders and components increased sharply by 267.6 per cent; means of transport and spare parts – up by 132.1 per cent; iron and steel of all kinds – up by 114.7 per cent.
However, the exports of ordinary metals and products to Australia decreased by 40.6 per cent; pepper – down by 39.5 per cent; electric wires and cables – down by 16.5 per cent.
Exports to China: exports of cell phones increased sharply
Vietnam’s exports of cell phones and accessories to China rocketed by 457.7 per cent year – on – year in the first ten months of this year.
The bilateral trade exchange between Vietnam and China reached US$ 73.29 billion in the first ten months of this year, increased by 27.4 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Of the figure, the country exported over $ 26.46 billion worth of goods to and imported over $ 46.83 billion worth of goods from China, up by 52.9 per cent and 16.4 per cent, respectively over the same period last year.
The country got $ 20.37 billion of deficit in trade exchange with China, down by 11 per cent year – on – year.
Computers, electronics and components were leading the list of 43 items exported by the country to China in the first ten months of this year with the export turnover of $ 5.38 billion, up by 85.9 per cent year – on – year and accounted for 20.3 per cent of the total. It was followed by cell phones and accessories with $ 3.94 billion, rocketed by 457.7 per cent; and then fruit and vegetables with $ 2.17 billion, up by 54.6 per cent year – on – year.
In the first ten months of this year, the country’s exports of paper and products to China rocketed by 28 times compared with the same period of 2016 while the exports of chemicals – up by 105.6 per cent to $ 168 million; iron and steel – up by 123.8 per cent to $ 10.18 million; cement and clinker – up by 473 per cent to $ 4.88 million.
However, the exports of coffee, tea and crude oil to China decreased by 22.4 per cent; 42.6 per cent and 21.7 per cent, respectively year – on – year.
Exports to Myanmar increased
Vietnam earned US$ 563.3 million from exports of goods to Myanmar in the first ten months of this year, increased sharply by 50.32 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
In October only, the country exported $ 80.3 million worth of goods to Myanmar, up by 4.2 per cent compared with the previous month.
Means of transport and spare parts were leading the list of items exported by the country to Myanmar in the first ten months of this year with the export turnover of $ 59.7 million, up by 45.51 per cent year – on – year.
It was followed by iron and steel products with $ 58.2 million, increased sharply by over 2 times compared with the same period last year; machines, equipment and spare parts – up by 60.62 per cent to $ 54.3 million.
In the first ten months of this year, the country’s exports of cement and clinker to Myanmar decreased by 13.96 per cent in quantity and 17.33 per cent in value to 23,000 tons worth of $ 1 million.
US$ 2.24 billion worth of goods exported to Cambodia
Vietnam earned US$ 2.24 billion from exports of goods to Cambodia in the first ten months of this year, increased by 25 per cent over the same period last year, according to the statistics figures of the General Department of Customs.
Iron and steel were leading the list of items exported by the country to Cambodia in the first ten months of this year with the export turnover of 727,400 tons worth of $ 407.4 million, up by 38.17 per cent in quantity and 66.14 per cent in value year – on – year.
It was followed by petroleum of all kinds with 556,400 tons worth of $ 301.5 million, up by 1.35 per cent in quantity and 29.79 per cent in value compared with the same period last year. And then textiles and garments – up by 42.18 per cent to $ 280 million; and textile and garment materials – up by 22.47 per cent to $ 152.4 million.
In the first ten months of the year, the country’s exports of cell phones and accessories to Cambodia increased sharply by over 14 times compared with the same period last year to $ 26.3 million; while the exports of fertilizer – up by 54.64 per cent to $ 104.9 million; and rubber products – up by 57.18 per cent to $ 4.4 million.
However, the exports of fruit and vegetables to Cambodia fell sharply by 65.35 per cent to $ 684,600.
Vietnam to speed up exports to Australia
Australia is the potential export market of Vietnam. However, the market share of Vietnamese enterprises in Australia is still small. So Vietnamese enterprises should raise the quality of their products to take more opportunities to speed up exports to Australia.
Vietnam exported US$ 2.6 billion worth of goods to Australia in the first ten months of this year, increased by 14.97 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Cell phones and accessories were leading the list of items exported by the country to Australia in the first ten months of this year with the export turnover of $ 548.1 million, up by 9.52 per cent and accounted for 39.5 per cent of the total. It was followed by computers, electronics and components with $ 314.8 million, up by 13.18 per cent; and then crude oil with $ 202.7 million, up by 37.89 per cent year – on – year.
In the first ten months of this year, the country’s exports of cameras, camcorders and components to Australia increased sharply by 259.01 per cent to $ 2 million; and the exports of means of transport and spare parts increased sharply by 120.77 per cent to $ 89.2 million.
US$ 13.85 billion worth of goods exported to Japan
Vietnam exported US$ 13.85 billion worth of goods to Japan in the first ten months of this year, increased sharply by 15.9 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Textiles and garments were leading the list of 40 items exported by the country to Japan in the first ten months of this year with the export turnover of $ 2.51 billion, up by 5.8 per cent year – on – year and accounted for 18.2 per cent of the total.
It was followed by means of transport and spare parts with $ 1.77 billion, up by 14 per cent; and machines, equipment and spare parts - $ 1.41 billion, up by 10 per cent.
In the first ten months of this year, the exports of iron and steel to Japan rocketed by 287 per cent year – on – year to $ 20.18 million; crude oil – up by 154 per cent to $ 320.03 million; cell phones and accessories – up by 122 per cent to $ 720.68 million; fertilizer of all kinds – up by 121.4 per cent to $ 2.25 million.
However, the exports of ores and minerals to Japan decreased by 15.12 per cent; pepper – down by 29.6 per cent; technical fabrics – down by 9.5 per cent; and ordinary metals – down by 9.2 per cent year – on – year.
Source: Vitic
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