Trade balance of Vietnam in March and first quarter of 2018
Sunday, April 15,2018AsemconnectVietnam - Vietnam got trade surplus, both in March and in the first quarter of this year.
The export turnover and the import value saw growth.
Trade surplus in the first quarter of 2018 totaled US$ 2.7 billion
Vietnam’s trade revenue totaled US$ 108.43 billion in the first quarter of this year, increased by 18.9 per cent or $ 17.27 billion compared with the same period last year, showed the statistics figures of the General Department of Customs.
Of the figure, the trade revenue of the FDI enterprises reached $ 71.47 billion, up by 20.8 per cent or $ 12.28 billion year – on – year.
The country witnessed a trade surplus of nearly US$2.7 billion in the first quarter of this year. By the end of March, the export value reached $55.56 billion, up by $11.05 billion, or 24.8 per cent over the same period of 2017.
In the first quarter of this year, there were more than 10 export commodities with the export turnover of billions of dollars. The exports of telephones and components reached nearly $12.6 billion, an increase of nearly $5 billion, or 62.3 per cent, over the same period of 2017.
The exports of textiles and garments touched $6.425 billion, up by 14.9 per cent; computers, electronic products and spare parts reached $6.334 billion, up by 14.1 per cent; and footwear amounted to $3.444 billion, up by 10.6 per cent.
The country’s import turnover in the first quarter of this year reached $52.87 billion, up by 13.3 per cent or $ 6.22 billion year – on - year.
Trade surplus estimated at US$ 800 million in March
In March, the trade surplus of Vietnam was estimated at $ 800 million.
Major exports in March include: telephones and components; textiles; computers, electronic products and components; footwear; wood and wood products; aquatic products; the coffee; crude oil. Inside:
Telephone and other components estimated export value in the month was $5 billion, up 47.1% over the previous month. The estimated figure for the first quarter of 2018 was $12.33 billion, up 58.8% over the same period last year.
The exports of textiles and garments in March reached $ 2.2 billion, up 35% over the previous month. Total export turnover from textiles and garments in the first three months was estimated at $ 6.3 billion, up 12.9% over the same period last year.
Meanwhile, the exports of computers, electronic products and components were estimated at $ 2.2 billion, up 28% over the previous month. Total export turnover from textiles and garments in the first quarter of 2018 was estimated at over $ 6.2 billion, up 13.2% over the same period last year.
The exports of wood and furniture were estimated at $ 700 million, up 60.1% over the previous month. Total export turnover in the first quarter was estimated at $ 1.91 billion, up 8% over the same period in 2017.
Crude oil exports were estimated at 292,000 tons worth of $ 143 million in March and 964,000 tons, valued at $ 509 million in the first quarter of this year, down by 36.5% in volume and 21.1% in value over the same period in 2017.
In the month, the import value of some items increased compared to last month. Typically: the imports of machines, equipment, tools and spare parts reached $ 2.5 billion (up 26.8 per cent); telephones and components - $ 1.1 billion (up by 43.5 per cent); computers, electronic products and components -$ 3.6 billion (up by 18.7 per cent); petroleum products - 1.3 million tons worth of $ 800 million (up by 23.9 per cent in volume and 20.9 per cent in value); textile, garment, leather and footwear materials - $ 450 million (up by 43.1 per cent); raw materials - $ 500,000 tons, valued at $ 800 million (up by 53.3 per cent in volume and up 54.9 per cent in value).
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Source: VITIC/nhipcaudautu.vn/fica.vn
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