Vietnam trade performance Apr 2015

Vietnam trade performance 2015

Preliminary assessment of Vietnam international merchandise trade performance in April and the first 4 months of 2015

Vietnam Customs Statistics  21/05/2015 5:00 PM

Highlights
 

1. In April of 2015, trade statistics of Vietnam Customs recorded a 5.5% decrease in total external merchandise turnover of Vietnam as compared to the result of a month earlier. In which exports went up 0.02%, to USD 13.35 billion and imports went down 10.4%, to USD 13.20 billion. As a result, there was a USD 148 million surplus in Vietnam’s trade balance in this month.
2. From the beginning to April of 2015, Vietnam‘s trade-in-goods reached US dollars 101.5 billion in value terms, 11.6% higher than the corresponding period of 2014. As compared to result of the first 4 months of a year earlier, total merchandise exports value rose 6.9%  to US dollars 49.70 billion and the total merchandise imports value rose 16.6% to US dollars 51.77 billion. Accordingly, Vietnam’s trade balance in the first 4 months of 2015 was in the deficit of US dollars 2.07 billion.     
3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders was USD 64.91 billion in total for January – April period of 2015, up by 19.4 % as compared to the result of corresponding period of 2014. Total value of FDI exportation was USD 33.63 billion and expanded by 16.3%. On import side, the total value of those companies was USD 31.28 billion and picked up by 23.1%.
 
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Main Exports and Imports   
                     
4. The March of 2015 to April of 2015 expansion in total merchandise exports was due to the upturns in foot-wears (up by USD 184 million); crude oil (up by USD 91 million); telephones, mobile phones and parts thereof (up by USD 85 USD).
 
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5. In the first 4 months of 2015, there were 10 exported commodities with turnover of over 1billion of which export value totaled USD 34.55 billion and accounted for 69.5% of total export value of external merchandise trade of Vietnam. They were as follows: telephones, mobile phones and parts thereof (reached USD 9.26 billion); textiles and garments (reached USD 6.46 billion); computers, electrical products and parts thereof (reached USD 4.72 billion); foot-wears (reached USD 3.53 billion); machine, equipment, tools and instruments (reached USD 2.47 billion); wood and wooden products (reached USD 2.08 billion); fishery products (reached USD 1.89 billion)...
6. The March of 2015 to April of 2015 decrease in total merchandise imports was due to the strong downturns in machine, equipment, tools and instruments (down by USD 441 million); computers, electrical products and parts thereof (down by USD 242 million); plastics (up by USD 131 million); telephones, mobile phones and parts thereof (down by USD 112 million)...
 
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7. In the first 4 months of 2015, there were 12 imported commodities with turnover of over 1 billion of which import value totaled USD 36.33 billion and accounted for 70.1% of total import value of Vietnam’s trade-in-good. They were as follows: machine, equipment, tools and instruments (reached USD 9.09 billion); computers, electrical products and parts thereof (reached USD 7.36 billion); textile, leather and foot-wears materials and auxiliaries group  (reached USD 5.54 billion); telephones, mobile phones and parts thereof (reached USD 3.45 billion); iron and steels (reached USD 2.31 billion); petroleum products (reached USD 2.00 billion); plastics (reached USD 1.76 billion)…
 
    Trading Partners
 
8. From the beginning to April of 2015, Vietnamese merchandise trade with trading partners in Asia was totaled USD 67.60 billion in value terms, which moved up 11.3% as compared to the same period of 2014. Trade-in-goods of Vietnam with America was followed, which reached USD 16.60 billion and increased by 19.4%. The values of other continents were Europe: USD 13.82 billion, up by 6.9% ; Oceania: USD 1.90 billion, down by 5.1% and Africa: USD 1.52 billion, up by 15.0% in comparison with the same period of last year.
 
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9. In the first 4 months of 2015, there were 9 exporting markets of Vietnam with turnover of over USD 1 billion. They were as follows: The United States of America (reached USD 9.9 billion); China (reached USD 4.8 billion); Japan (reached USD 4.5 billion); Republic of Korea (reached USD 2.5 billion); Hong Kong (reached USD 2.0 billion); UAE (reached USD 1.7 billion); Netherlands (reached USD 1.3 billion); United Kingdom (reached USD 1.3 billion); Malaysia (reached USD 1.1 billion).
 
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10. On import side, there were 8 partners exporting goods to Vietnam with turnover of over 1billion. They were as follows: China (reached USD 15.3 billion); Republic of Korea (reached USD 8.8 billion); Japan (reached USD 4.8 billion); Taiwan (reached USD 3.6 billion); Singapore (reached USD 2.5 billion); United States of America (reached USD 2.4 billion); Thailand (reached USD 2.3 billion) and Malaysia (reached USD 1.3 billion).
 
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