Tuesday, July 17,2018 - 3:7 GMT+7  Việt Nam EngLish 

Imports of electric wires and cables increased slightly 

 Monday, July 9,2018

AsemconnectVietnam - Vietnam’s imports of electric wires and cables reached US$ 513.32 million in the first five months of this year, increased by 5.5 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

In May, the country imported $ 112.79 million worth of electric wires and cables, up by 15.6 per cent over the previous month but decreased by 5.3 per cent over the same month of last year.  

The FDI enterprises accounted for 78.1 per cent of the country’s total imports of electric wires and cables with $ 400.68 million.

China, Japan, South Korea and the South East Asian countries were the country’s leading import markets of electric wires and cables, accounted for 86.8 per cent of the total.

Of the figure, the imports from China reached $ 247.33 million, accounted for 48.2 per cent of the total and decreased by 4.9 per cent over the same period last year; from Japan - $ 57.91 million, up by 11.1 per cent; from South Korea - $ 66.91 million, up by 31.7 per cent; and from the South East Asian countries - $ 73.49 million, up by 5.4 per cent year – on – year.

In the first five months of this year, the country’s imports of electric wires and cables from Germany increased sharply by 126.8 per cent to $ 5.86 million; from South Korea – up by 31.7 per cent to $ 66.91 million; from the U.S – up by 31.2 per cent to $ 6.56 million; from Indonesia – up by 30 per cent to $ 7.38 million, and from Thailand – up by 24.8 per cent to $ 38.37 million.

However, the imports of electric wires and cables from France decreased by 48.6 per cent to $ 1.14 million; from Hong Kong – down by 58.3 per cent to $ 0.3 million; and from Malaysia – down by 27.7 per cent to $ 17.5 million.

Imports of electric wires and cables in the first 5 months of 2018 -
Unit: USD - source: VITIC – according to the figures of the General Department of Customs
Market
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
112,785,900
15.6
513,320,619
5.5
China
55,610,012
17.04
247,332,006
-4.89
South Korea
13,717,133
4.81
66,906,331
31.68
Japan
12,477,400
16.23
57,911,376
11.07
Thailand
7,726,639
25.16
38,369,003
24.78
Taiwan
4,880,398
54.56
20,555,359
23.38
Malaysia
3,481,739
11.79
17,499,567
-27.65
Indonesia
2,455,998
83.42
7,375,357
30.04
The Philippines
1,646,931
21.15
6,682,286
24.62
The U.S
803,781
-41.99
6,556,053
31.15
Germany
1,544,039
41.27
5,856,188
126.75
Singapore
667,493
94.64
3,563,887
-5.79
Denmark
476,796
-9
2,104,450
14.82
France
249,358
45.38
1,137,855
-48.62
The Netherlands
57,545
11.87
433,513
20.11
Hong Kong
50,600
-57.05
301,850
-58.3
CK
Source: VITIC

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