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Vietnam – Canada trade exchange to be strengthened 

 Wednesday, June 20,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and Canada in the first five months of this year increased slightly by 6.3 per cent over the same period last year to US$ 1.45 billion, showed the preliminary statistics figures of the General Department of Customs.

Of the figures, the country imported $ 364.42 million worth of goods from; and exported $ 1.09 billion worth of goods to Canada, increased by 9.6 per cent and 5.2 per cent, respectively year - on - year.

So in the first five months, the country got $ 724.72 million of surplus in trade exchange with Canada, increased by 3.1 per cent over the same months of 2017. 

Wheat was leading the list of items imported by the country from Canada in the first five months of this year with the import value of $ 48.08 million, accounted for 13.2 per cent of the total and decreased by 35 per cent year - on - year.

Meanwhile, the imports of fertilizer increased by 12 per cent to $ 28.78 million; soybean - down by 59 per cent to $ 23.67 million; machines, equipment and spare parts - $ 16.88 million, up by 25.5 per cent; textile, garment, leather and footwear materials - $ 13.14 million, down by 72 per cent; wood and furniture - $ 11.06 million, down by 51 per cent; seafood - $ 10.5 million, down by 77.7 per cent. 

In the first five months of this year, the country’s imports of rubber from Canada rocketed by 822.4 per cent to $ 0.55 million; computers, electronics and components - up by 152.8 per cent to $ 4.07 million; ordinary metals - up by 142 per cent to $ 4.92 million; iron and steel scraps - up by 128.5 per cent to $ 8.5 million; pharmaceuticals - up by 115.4 per cent to $ 7.81 million.

However, the imports of CBU autos; ores and minerals; soybean, iron and steel; and animal feed decreased by 78.8 per cent; 60.7 per cent; 59 per cent; 57.2 per cent and 50.7 per cent, respectively over the same period last year.

Vietnam’s imports of goods from Canada in the first 5 months of 2018 -
Unit: US$ - source: VITIC – according to the figures of the General Department of Customs 
Item
May of 2018
May of 2018 vs. April of 2018 (%)
First 5 months of 2018
First 5 months of 2018 vs. same period of 2017 (%)
Total import value
61,264,861
-33.75
364,415,241
9.63
Wheat
12,038,689
268.54
48,081,682
-34.97
Fertilizer of all kinds
16,691,779
1.924.41
28,779,242
12.01
Soybean
5,394,588
10.83
23,667,845
-59.03
Machines, equipment and spare parts
1,918,757
-37.91
16,877,716
-25.45
Textile, garment, leather and footwear materials
1,342,049
-10.61
13,141,615
72.2
Wood and furniture
2,132,556
15.23
11,060,068
51.04
Seafood
2,215,492
2.7
10,496,188
77.7
Animal feed and materials
1,396,615
47.05
9,067,898
-50.68
Iron and steel scraps
2,842,840
70.91
8,504,027
128.54
Precious stones, metals and products
2,069,493
29.88
8,043,850
40.25
Pharmaceuticals
3,702,493
243.78
7,810,738
115.43
Other ordinary metals
1,269,318
30.24
4,915,907
142.04
Plastics
904,677
1.95
4,265,140
-48.92
Computers, electronics and components
464,901
-72.99
4,069,865
152.75
Chemical products
1,003,282
38.44
3,440,894
9.42
Iron and steel products
51,575
-1.25
717,945
16.21
Rubber
86,178
-35.34
548,467
822.38
Plastic products
113,281
6.41
485,103
-41.03
CBU autos of all kinds
93,300
0.05
233,692
-78.78
Iron and steel of all kinds
 
-100
83,213
-57.17
Ores and other minerals
 
-100
61,943
-60.73
CK
Source: VITIC

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