The Vietnam Customs Statistics reported that in the second half of June-2014, the total value of Vietnam’s exports of US dollars 6.55 billion and imports of US dollars 6.46 billion resulted in a trade surplus of US dollars 89 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of June was US dollars 13.01 billion, up by 10.7% as compared to the first half of June-2014 (equivalent to USD 1.26 billion). Furthermore, in the first 6 months of 2014, Vietnam was in trade surplus of over USD 1.51 billion.
Vietnam‘s trade-in-goods in first half of 2014 totaled US dollars 140.71 billion in value terms, expanded by 13.1% as compared to the performance of same period last year. In which, the total merchandise exports valued US dollars 71.11 billion, moved up by 15.3% and the total merchandise imports valued US dollars 69.60 billion, went up by 11%.
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the second half of June reached over USD 7.51 billion, up by 8.8% in comparison to first half of June 2014. In the first 6 months of 2014, FDI traders was in trade surplus of USD 4.72 (exports was US dollars 43.72, rose by 17.1% and imports was nearly US dollars 39 billion, rose by 10.7%).
Export:
As compared to the first half of June-2014, second half of the month increase in the total export value (13.3% - USD 769 million equally) is reflected by upturn in computer, electrical products, spare-parts and component thereof (up by USD 160 million); machine, equipment tools and instruments (up by USD 101 million); textiles and garments (up by USD 88 million); fishery products (up by USD 88 million); iron and steel (up by USD 43 million); rice (up by USD 33 million); …
It was also showed by Vietnam Customs Statistics that export value of some commodities shrunk in the second half of June, which included: crude oil (down by USD 138 million); petroleum products (down by USD 19 million)…
Chart 1: Top 10 major exported commodities of Vietnam
in the first half of 2014 as compared to the same period of 2013
Totally, from January to second half of June-2014, total export value from Vietnam was USD 71.11 billion, climbed up nearly 15.3% as compared to the same period of 2013 (equivalent to USD 9.42 billion in absolute value terms).
Import:
The first half to second half of June increase in the total of import value (8.2%) reflected upturn in: iron and steel (up by USD 98 million); petroleum product (up by USD 86 million); machine, equipment tools and instruments (up by USD 72 million); computer, electrical products, spare-parts and component thereof (up by USD 68 million); plastics (up by USD 35 million); fertilizer (up by USD 27 million)…
A fall occurred in importation of some commodities such as: animal fodders and animal fodder material (down by USD 28 million); telephones mobile phones and part thereof (down by USD 20 million)…
Chart 2: Top 10 major imported commodities of Vietnam
in the first half of 2014 as compared to the same period of 2013
From January to second half of June-2014, total import value into Vietnam was USD 69.60 billion, went up by 11% as compared to the same period of 2013 (equivalent to USD 6.92 billion in absolute value terms).
Source:Vietnam Customs Statistics
