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Imports of goods from South Korea increased sharply 

 Thursday, February 22,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and South Korea totaled US$ 61.5 billion last year, increased sharply by 41.3 per cent over the year of 2016, showed the statistics figures of the General Department of Customs.

Of the figure, Vietnam exported US$ 14.8 billion worth of goods to South Korea, increased sharply by 30 per cent over the previous year, and imported $ 46.7 billion worth of goods from South Korea, up by 45.3 per cent.

Last year, the country’s exports of cell phones and accessories to South Korea reached $ 3.97 billion, up by 45 per cent; textiles and garments - $ 2.64 billion, up by 15.8 per cent; computers, electronics and components - $ 1.83 billion, up by 46 per cent; machines, equipment and spare parts - $ 967.64 million, up by 27.9 per cent; seafood - $ 778.5 million, up by 28.1 per cent.

The country’s imports of computers, electronics and components from South Korea reached $ 15.33 billion, up by 76.7 per cent; machines, equipment and spare parts - $ 8.63 billion, up by 46.6 per cent; cell phones and accessories - $ 6.18 billion, up by 72.6 per cent; fabrics of all kinds - $ 2.04 billion, up by 4.2 per cent; petroleum of all kinds - $ 1.91 billion, up by 93 per cent.

In 2017, the country’s imports of petroleum from South Korea increased sharply by 93 per cent to $ 1.91 billion; while the imports of computers, electronics and components – up by 76.7 per cent to $ 15.33 billion; cameras, camcorders and components – up by 73.5 per cent to $ 485.45 million; cell phones and accessories – up by 72.6 per cent to $ 6.18 billion; confectionery and grain products and grain products – up by 66.6 per cent to $ 25.59 million; fruit and vegetables – up by 63.2 per cent to $ 15.53 million.

However, the country’s imports of means of transport and spare parts; liquefied gas and pharmaceutical materials were down by 52.6 per cent; 57.3 per cent and 35.2 per cent, respectively year – on – year.

Vietnam’s imports of goods from South Korea in 2017 -  Unit: USD
Item
December of 2017
December of 2017 vs. November of 2017 (+/-%)
2017
2017 vs. 2016 (+/-%)
Total import value
4,211,282,034
-0.49
46,734,424,969
45.31
Computers, electronics and components
1,452,403,729
6.14
15,330,523,253
76.74
Machines, equipment and spare parts
598,940,763
-9.44
8,627,802,978
46.6
Cell phones and accessories
589,148,216
-6.56
6,175,004,383
72.55
Fabrics of all kinds
195,523,061
-4.11
2,040,092,208
4.22
Petroleum of all kinds
228,480,853
18.41
1,907,716,671
93
Plastic products
137,317,999
-0.36
1,619,726,388
24.19
Other ordinary metal products
128,020,987
0.28
1,445,157,325
34.82
Plastics
122,765,662
-7.36
1,429,667,965
19.25
Iron and steel of all kinds
99,664,399
-17.32
1,217,046,824
20.51
Auto components and spare parts
47,800,952
-53.61
767,953,033
-10.68
Textile, garment, leather and footwear materials
61,243,496
-4.02
753,267,275
-4.7
Iron and steel products
76,008,408
2.8
688,612,040
-1.21
Chemical products
57,462,866
5.51
628,063,666
13.52
Cameras, camcorders and components
31,896,953
166.67
495,445,218
73.49
Chemicals
38,677,166
21.4
351,610,318
32.34
CBU autos and spare parts
56,723,663
238.65
224,997,742
-27.24
Paper of all kinds
19,285,852
-19.27
224,916,639
21.4
Other ordinary metal products
22,039,695
-1.04
223,297,234
16.43
Rubber
17,568,074
11.88
207,896,393
48.1
Pharmaceutical materials
13,759,571
12.76
188,380,352
-3.56
Fibers of all kinds
18,079,133
14.31
179,177,294
9.41
Rubber products
10,048,028
-10.9
138,897,687
0.93
Electric wires and cables
14,072,107
8.14
137,852,934
3.57
Other oil products
10,917,327
11.78
126,933,547
21.65
Glass and products
6,627,515
19.47
76,461,371
60.11
Fertilizer of all kinds
5,034,599
739.68
62,799,828
7.03
Means of transport and spare parts
6,785,831
16.85
61,936,504
-52.62
Household appliances and components
5,451,152
10.23
60,028,783
9.53
Paper products
5,731,574
-2.14
59,531,164
3.97
Seafood
4,050,502
-49.85
53,601,535
-3.91
Precious stones, metals and products
4,393,867
10.21
50,443,827
57.79
Pesticide and materials
1,309,171
-57.96
39,132,955
7.6
Hygiene products
3,307,274
-29.63
38,305,970
23.22
Animal feed and materials
4,147,519
5.1
38,281,389
1.57
Other food products
2,505,400
-3.16
27,741,308
4.42
Confectionery and grain products
1,910,900
-44.47
25,589,964
66.56
Fruit and vegetables
2,282,578
-8.22
15,529,569
63.21
Ores and minerals
2,203,908
-0.59
11,659,727
12.8
Milk and dairy products 
975,420
25.84
9,718,459
-1.85
Wood and furniture
518,961
-50.2
9,703,258
-1.43
Oil and grease
668,926
-5.44
6,157,119
-4.32
Cotton of all kinds
276,386
-39.94
3,607,592
34.28
Pharmaceutical materials
511,545
81.04
3,531,969
-35.24
Liquefied gas
504,290
79.38
2,615,712
-57.28
CK
Source: VITIC

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