Vietnam trade performance June 2015
Preliminary assessment of Vietnam international merchandise trade performance in June and the first half of 2015
Vietnam Customs Statistics 22/07/2015 4:00 PM
Highlights
1. In June of 2015, trade statistics of Vietnam Customs recorded a 0.5% upwards in total external merchandise turnover of Vietnam as compared to the result of a month earlier. In which exports went up 4.6%, to USD 14.33 billion and imports dropped 3.2%, to USD 14.47 billion. As a result, there was a USD 140 million deficit in Vietnam’s trade balance in this month.
2. From the beginning to June of 2015, Vietnam’s trade-in-goods reached US dollars 158.60 billion in value terms, 13.0% higher than the corresponding period of 2014. As compared to result of the first half of a 2014, total merchandise exports value rose 9.3% to US dollars 77.77 billion and the total merchandise imports value rose 16.7% to US dollars 80.84 billion. Accordingly, Vietnam’s trade balance in the first half of 2015 was in the deficit of US dollars 3.07 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 100.71 billion in total for January – June period of 2015, up by 22.0 % as compared to the result of corresponding period of 2014. Total value of FDI exportation was USD 52.54 billion and expanded by 20.4%. On import side, the total value of those companies was USD 48.17 billion and picked up by 23.8%.
Main Exports and Imports
4. The May of 2015 to June of 2015 expansion in total merchandise exports was due to the upturns in textiles and garments (up by USD 415 million); fruits and vegetables (up by USD 79 million)…
5. The commodities of which the upwards resulted in significant expansion in total exports value in Jan-June period of 2015 in comparison with that of 2014 were as follows: telephones, mobile phones and parts thereof (up by over USD 3.0 billion); computers, electrical products, spare-parts and components thereof (up by USD 2.8 billion); foot-wear (up by over USD 1 billion);...
6. The May of 2015 to June of 2015 decrease in total merchandise imports was due to the downturns in computers, electrical products and parts thereof (down by USD 240 million); corn (down by USD 69 million)...
7. In the first half of 2015, Vietnam Customs Statistics recorded a strong growth in value terms of some imported commodities, which led to the upturns in total as compared to performance of the corresponding period in 2014. They were as follows: machine, equipment, tools and instruments (up by USD 3.73 billion); computers, electrical products and parts thereof (up by USD 2.90 billion); telephones, mobile phones and parts thereof (up by USD 1.27 billion)…
Trading Partners
8. From the beginning to June of 2015, Vietnamese merchandise trade with trading partners in Asia was totaled USD 105.00 billion in value terms, which moved up 12.8% as compared to the same period of 2014. Trade-in-goods of Vietnam with America was followed, which reached USD 26.22 billion and increased by 21.1%. The values of other continents were Europe: USD 21.86 billion, up by 7.9%; Oceania: USD 2.95 billion, down by 9.4% and Africa: USD 2.14 billion, up by 21.8% in comparison with the same period of last year.
9. Regarding the following Chart, the United States of America was the biggest destination of Vietnamese products with the total value of US dollars 15.8 billion in the first half of 2014; China was the second biggest one; and then Japan, Republic of Korea, Hong Kong….
10. On import side, China was the biggest partner exporting goods to Vietnam with the value of US dollars 24.8 billion from the beginning to June of 2015, and then: Republic of Korea, Japan, Taiwan, Thailand, United States of America, Singapore, Malaysia, …
