Wednesday, December 19,2018 - 23:40 GMT+7  Việt Nam EngLish 

Imports of goods from U.S increased sharply 

 Wednesday, October 10,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and the U.S reached US$ 39.48 billion in the first eight months of this year, increased by 17.7 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, the country exported over $30.81 billion worth of goods to and imported $8.66 billion worth of goods from the U.S, increased by 12.5 per cent and 40.8 per cent, respectively. So in the first eight months, the country got $22.15 billion of surplus in trade exchange with the U.S, increased slightly by 4.3 per cent over the same period last year.

Computers, electronics and components were leading the list of items imported by the country from the U.S in the first eight months of this year with the import value of $2.05 billion, up by 9.8 per cent year – on – year and accounted for 23.7 per cent of the total. 

Cotton ranked second with $1.15 billion, up by 22.5 per cent; and then machines, equipment and spare parts - $643.52 million, up by 6.5 per cent; ordinary metal products - $554.57 million, up by 33.8 times; animal feed and materials - $441.09 million, up by 142.6 per cent; ordinary metals - $339.02 million, up by 52.8 per cent.

The imports of milk and dairy products from the U/S also increased by 99.3 per cent to $78.71 million; iron and steel scraps – up by 89 per cent to $213.03 million; fruit and vegetables – up by 83.5 per cent to $109.32 million; iron and steel of all kinds – up by 78 per cent to $14.95 million.

However, the imports of telephones and components from the U.S decreased sharply by 89.6 per cent to $4.17 million; autos – down by 71.6 per cent; cameras, camcorders and components – down by 70.3 per cent; glass and products – down by 43.3 per cent; and oil products – down by 42.7 per cent.

Vietnam’s imports of goods from the U.S in the first eight months of 2018 -
Unit: US$ - source: VITIC – according to the figures of the General Department of Customs 
Item
August of 2018
August of 2018 vs. July of 2018
(%)
First 8 months of 2018
First 8 months of 2018 vs. same period of 2017 (%)
Total
1,044,598,818
-31.02
8,661,400,497
40.79
Computers, electronics and components
289,147,052
21.16
2,048,633,603
9.81
Cotton of all kinds
130,634,278
-24.89
1,147,134,749
22.47
Machines, equipment and spare parts
77,661,602
-30.52
643,521,207
6.49
Other ordinary metal products
2,577,288
-99.2
554,565,459
3.284.05
Animal feed and materials
71,345,022
45.94
441,085,132
142.63
Other ordinary metals
761,589
-99.58
339,024,331
5.182.45
Soybean
46,689,650
4.93
305,471,446
61.19
Textile, garment, leather and footwear materials
39,945,387
14.34
261,849,891
14.75
Iron and steel scraps
27,163,582
1.3
213,027,086
89.11
Plastics
32,942,995
2.22
207,510,459
19.61
Chemical products
29,834,625
8.08
205,963,507
15.57
Wood and furniture
29,655,935
1.73
200,828,394
18.58
Other means of transport and spare parts
15,617,891
26.15
169,139,160
28.78
Other food products
15,077,248
15.88
122,096,636
9.41
Fruits and vegetables
18,356,362
-18.49
109,317,411
83.54
Chemicals
14,597,842
76.48
107,922,668
15.06
Pharmaceuticals
11,021,763
61.2
84,783,646
0.7
Plastic products
10,891,319
5.95
83,355,338
27.28
Milk and dairy products
14,052,738
46.12
79,707,008
99.29
Glass and products
5,873,205
26.67
49,104,908
-43.32
Seafood
6,924,583
224.81
37,289,962
56.69
Wheat
102,043
 
36,653,202
1.351.52
Iron and steel products
5,837,720
24.35
35,852,405
6.76
Fragrant and hygiene products
4,428,753
15.18
34,751,056
27.66
Rubber
3,238,474
17.06
23,893,974
18.47
Tobacco materials
3,746,077
-14.65
22,343,592
25.3
Other oil products
2,406,043
10.48
20,291,053
-42.67
Fabrics of all kinds
2,480,704
42.53
17,170,316
-20.84
CBU autos of all kinds
636,816
-82.76
16,374,962
-71.61
Ores and minerals
3,098,209
50.23
15,654,232
19.1
Iron and steel of all kinds
3,402,666
69.53
14,950,555
77.99
Paper of all kinds
2,315,206
-19.14
14,638,424
-7.55
Rubber products
1,442,879
-18.91
11,523,597
11.45
Electric wires and cables
1,190,597
49.71
9,455,060
16.49
Precious stones, metals and products
1,754,599
123.67
9,123,415
-4.8
Cameras, camcorders and components
981,629
-25.6
8,749,545
-70.32
Fertilizer of all kinds
890,945
23.52
8,602,187
-2.32
Paper products
1,019,159
21.32
6,629,711
11.67
Pesticides and materials
871,938
3.78
6,505,269
14.2
Auto components and spare parts
423,285
-60.56
6,001,316
10.92
Confectionery and grain products
974,336
28.27
4,759,352
46.46
Oil and grease
318,590
-11.08
4,260,096
-22.18
Telephones and components
460,857
16.42
4,168,471
-89.56
CK
Source: VITIC

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