AsemconnectVietnam - Vietnam's export turnovers of goods in the first Quarter of 2018 was estimated to reach US$ 54.31 billion, up 22% from the same period last year, of which the domestic economic sector achieved US$ 14.97 billion, up 18.9% reported the General Statistics Office (GSO).

The FDI sector (including crude oil) gained US$ 39.34 billion, 23.2% rise. If excluding the price factor, export turnovers of goods in the first Quarter increased by 22.1% over the similar period in 2017.

The share of exports of key goods still belonged to the FDI sector, accounting for 99.7% of the turnover of phones and their parts; accounting for 90% of the turnover of machinery, instrument, accessory; accounting for 61% of the turnover of textiles.

Import turnovers of goods in the first Quarter of 2018 reached an estimate of US$ 53.01 billion, moving up by 13.6% from the same period last year, of which the domestic economic sector gained US$ 21.26 billion, climbing by 13.4%; the FDI sector achieved US$ 31.75 billion, jumping up by 13.7%. If excluding the price factor, import turnovers of goods in first Quarter of 2018 grew by 12.8% compared with the similar period in 2017.

Generally, in the first Quarter of 2018, Vietnam had trade surplus of US$ 1.3 billion, of which the domestic economic sector had trade deficit of US$ 6.3 billion; the FDI sector (including crude oil) had trade suplus of US$ 7.6 billion.

Service export turnovers in the first Quarter of 2018 were estimated to reach US$ 3.9 billion, up 18.2% compared with the same period in 2017, of which travel service exports gained US$ 2.8 billion (accounting for 70.5% of the total export turnovers) up 23.3%; transportation service exports achieved US$ 700 million (accounting for 18%), increasing by 8.5%.

Estimated service import turnovers reached US$ 4.3 billion, up 7.8% over the similar period last year, of which transportation service imports gained US$ 2 billion (accounting for 46.6% of the total import turnovers), up 11.1%; travel service imports attained US$ 1.4 billion (making up 29.8%), rising by 9.2%. Trade deficit of services in the first Quarter was US$ 391 million, equaling 10% of the service export turnovers.

Source: General Statistics Office