AsemconnectVietnam - Vietnam’s export turnovers of goods in January 2018 was estimated to reach US$ 19.0 billion, a decrease of 3.3% month-on-month, of which the domestic economic sector achieved US$ 5.41 billion, moving down by 5.2% according to the General Statistics Office (GSO).

The FDI sector (including crude oil) gained US$ 13.59 billion, falling by 2.6%. About the merchandize export market, China was the biggest export market of Vietnam in January 2018 with the turnover of US$ 4.5 billion, 2.5 times as high as that in the same period last year; followed by the United States with US$ 3.5 billion, increasing by 17%; EU with US$ 3 billion, an increase of 6.6%; ASEAN with US$ 1.7 billion, moving up by 15.7%; Japan with US$ 1.5 billion, up 18.6%; South Korea with US$ 1.3 billion, a growth of 28%.

Import turnovers in January 2018 reached an estimate of US$ 19.3 billion, down 3% from the previous month, of which the domestic economic sector gained US$ 7.8 billion, down 4.7%; the FDI sector achieved US$ 11.5 billion, down 1.7%.

Compared to the similar period last year, import turnovers of goods in January 2018 were estimated to increase sharply by 47.4%, of which the domestic economic sector grew by 43.2%; the FDI sector rose by 50.4%.

About the merchandize import market in the month, China was the biggest import market of Vietnam with estimated turnover of US$ 5.7 billion, up 45.6% against the corresponding period in 2017; followed by South Korea with US$ 4.2 billion, an increase of 54.2%; ASEAN with US$ 2.6 billion, a rise of 46.3%; Japan with US$ 1.7 billion, 93.1% increase; EU with US$ 1.1 billion, up 34.1%; the United States with US$ 780 million, up 15.4%.

In 2017, Vietnam had trade surplus of US$ 2.9 billion, equivalent to 1.4% of the export turnover. In January 2018, estimated trade deficit was US$ 300 million, of which the domestic economic sector had trade deficit of US$ 2.4 billion; the FDI sector (including crude oil) had trade suplus of US$ 2.1 billion.

Source: General Statistics Office