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Export turnover by the end of quarter III/2018 achieved a record of $US 352.61 billion

According to the statistic of import-export goods from the General Department of Vietnam Customs, by the end of 9/2018, the total import and export turnover of the country reached $US 352.61 billion, increased by 13.7% (equivalent to an increase of $US 42.44 billion over the same period last year). It is also in excess of the turnover for the whole year of 2016 ($US 351.38 billion). In that to the end of September 2018 compared to the same period in 2017,  export value reached $US 179.47 billion, increasing by 15.8%, and imports reached $US 173.14 billion, increasing by 11.6%. 

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The turnover, speed of export and import activities and trade balance in 9 months in the period 2011-2018.

Furthermore, according to the statistics of the General Department of Vietnam Customs, in September, the total import-export turnover of the country reached $US 40.64 billion, decreased by 9.2% compared to August 2018. In September of 2018, the value of exports and imports decreased compared with last month, in that exports reached $US 21.12 billion, reduced by 10% compared with the previous month by $US 2.36 billion; Imports were $US 19.51 billion, decreased by 8.3% ($US 1.77 billion). The trade balance of goods in September 2018 reached a surplus of $US 1.61 billion. This result has increased Vietnam's export surplus in the first nine months of 2018 to a record of $US 6.32 billion.

The General Department of Vietnam Customs recognized the total import and export value of foreign direct investment (FDI) enterprises in September 2018 reached $US 27.45 billion, reduced by 9.1% compared to the previous month. It also brought up the import and export prices of FDI enterprises in the first 9 months of 2018 to reach $US 230.43 billion, an increase of 13.8%, equivalent to $US 28.01 billion over the same period of 2017.

In particular, exporting goods of the FDI sector in this month reached $US 15.43 billion, decreased by 8.3% over the previous month, bringing the export value of this sector in 9 months of 2018 to $US 126.63 billion, increased by 15.8% over the same period last year. In the opposite direction, the import value of FDI enterprises in September of 2018 reached $US 12.02 billion, decreased by 10.2% over the previous month, bringing the import value of this sector in 9 months of 2018 to reach $US 103.8 billion, increased by 11.5% over the 9 months in 2017.

The calculations of the General Department of Vietnam Customs showed that the trade balance of goods of FDI enterprises in September of 2018 had a surplus of $US 3.4 billion, bringing the trade balance in the first nine months of 2018 up to a surplus of $US 22.83 billion.

For the exports, the total export value of Vietnam in the second installment of September 2018 reached $US 10.85 billion, increased by 6.1% (corresponding to an increase of $US 627 million in absolute terms) over the first installment of September 2018.

The export value in the second installment of September 2018 increased compared to the first installment of September 2018 in the following categories: machinery, equipment, aquatic products increased $US 91 million, equivalent to an increase of 14.5%; seafood increased $US 83 million, equivalent to an increase of 24%; footwear of all kinds increased $US 66 million, equivalent to an increase of 12%; timber and wood products rose by $US 66 million, increased by 20.4%. In addition, some items decreased such as: telephone and accessories decreased $US 228 million, reduced by 8.6%; vegetables and fruits decreased $US 38 million, reduced by 22.9%...

Thus, by the end of September 2018, the total export value of Vietnam reached $US 179.47 billion, increased by 15.8%, equivalent to an increase of $US 24.44 billion over the same period in 2017.

Moreover, the statistics from the General Department of Vietnam Customs showed that the value of goods exported by foreign direct investment (FDI) enterprises in the second installment of September 2018 was $US 7.83 billion, equivalent to an increase of 3.2%, an increase of $US 245 million compared with the first installment of September 2018, thereby raising the total value of goods exports in September of 2018 for this group to $US 126.63 billion, increased by 15.8% (equivalent to $US 17.29 billion) over the same period last year, accounting for 70.6% of the total export value of the country.

For the imports, the total value of Vietnam’s imported goods in the second installment of September 2018 was $US 9.92 billion, increased by 6.2% ($US 575 million in absolute terms), compared to the result in the first installment of September.

The value of imported goods in the second installment September of 2018 increased over the first installment of September 2018 mainly in the following commodities: petrol of all kinds increased by $US 163 million; crude oil increased $US 154 million; coal increased by $US 98 million; machinery, equipment and spare parts increased by $US 92 million; automobiles of all types increased by $US 57 million...

Thus, by the end of September, the total import value of the country reached $US 173.14 billion, increased by 11.6% (equivalent to an increase of $US 18 billion) compared with the same period in 2017.

The value of imported goods of FDI enterprises in this installment reached $US 6.01 billion, increased by 2.8% (equivalent to an increase of $US 165 million) compared with the first installment of September 2018, thereby increasing the total import value in September of 2018 of those enterprises up to $US 103.8 billion, increased by 11.5% (equivalent to an increase of $US 10.72 billion) over the same period last year, accounting for 59.9% of total import value of the whole country.

 

By Hà Nhi/Thanh Thuy