Vietnam’s trade reaches $17.5B in first half of July

Vietnam’s trade reaches $17.5B in first half of July

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Vietnam Customs Statistics announced that Vietnam in the first half of July 2018 had total exports of US$8.34 billion and imports of $9.22 billion, resulting in a trade deficit of nearly $0.88 billion.

Accordingly, the total value of export and import turnover in the first half of July was $17.56 billion, down by 11.5% as compared to the second half of June 2018.

Vietnam’s trade-in-goods from January to the first half of July of 2018 totaled $242.45 billion in value terms, a growth of 12.2% (equivalent to $26.43 billion) from the same period of the previous year.

For foreign direct investment (FDI) traders, the total value of exportation and importation in the first half of July reached $11.29 billion, down by 11.9% in comparison with the second half of June 2018. From January up to July 15, 2018, the total merchandise trade value of FDI traders was $156.1 billion, 11.4% higher than the performance in the same period of 2017.

Compared to the second half of June 2018, exports in the  first half of July decreased by 19.4%, mostly as a result of the decline registered for telephones, mobile phones and parts (down by 23.9%); computers, electrical products (down by 25.6%); machines, equipment, tools and instruments (down by 35.5%); textiles and garments (down by 9%); and footwear (down by 13.5%).

In the first half of July 2018, the import value decreased by 2.8% compared with the second half of June 2018, mainly reflecting the decline in imports of computers and electrical products (down by 12.5%) and petroleum products (down by 41%).

Photo: Hieucd

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