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Imports of Vietnamese goods increased sharply: 22 commodity groups with turnover of over USD 1 billion

Summary

ccording to the General Department of Customs, by the end of May 2019, the country's import value of goods reached 101.55 billion USD. In which, there were 22 main commodity groups reaching over 1 billion USD, accounting for 80.4% of the total import value of the whole country.

Updated on : 20-06-2019

According to preliminary statistics of the General Department of Customs in 5/2019, the total value of goods import and export in the whole country in 5/2019 reached nearly 45.1 billion USD, up 8.8% compared to the previous month. . In May 2019, export and import value increased compared to the previous month, of which exports reached 21.9 billion USD, up 7.2% over the previous month (equivalent to an increase of 1.46 billion USD); imports reached 23.19 billion USD, up 10.5% (equivalent to an increase of 2.2 billion USD).

By the end of May, the total import-export turnover of the whole country reached 202.68 billion USD, up by 8.8% (equivalent to an increase of 16.47 billion USD) over the same period last year. Of which, export value was 101.12 billion USD, up by 7.1% and import was 101.55 billion USD, up by 10.6%.

Balance of goods trade in May 2019 deficit of 1.29 billion USD. In the first 5 months of 2019, the trade balance of the whole country has a deficit of 0.43 billion USD.

Regarding the import market, the General Department of Customs said that imports in May were 23.19 billion USD, up 10.5% in relative terms, equivalent to an increase of 2.2 billion USD in excellent numbers. compared with the previous month. In particular, a strong increase in commodity groups such as computers, electronic products, etc. & components; machinery, equipment, tools and spare parts; cashew; fabrics of all kinds; Plastic materials...

By the end of 5/2019, the country’s import value of goods reached 101.55 billion USD. In which, there were 22 main commodity groups reaching over 1 billion USD, accounting for 80.4% of the total import value of the whole country. With this result, the import value of goods in 5 months / 2019 is higher than the same period of 2018 to 9.77 billion USD, corresponding to an increase of 10.6% compared to 5 months of 2018.

Data from the General Department of Customs also showed that the main increase items in the last 5 months are: computers, electronic products, etc. and components; machinery, equipment, tools and spare parts. Notably, crude oil increased by 1.35 billion USD, equivalent to nearly 4 times; CBU cars increased by 1.18 billion USD, corresponding to an increase of 5.8 times ... compared to the same period in 2018.

Meanwhile, in the export market, in May, the export turnover reached 21.9 billion USD, up 7.2% in the relative number and 1.46 billion USD in the absolute number compared with the previous month. .

Compared to April 2019, commodities increased sharply in the month: textiles and garments increased by USD 390 million, equivalent to an increase of 16.6%; computers, electronic products and accessories increased by 345 million USD, corresponding to an increase of 13.4%; types of footwear increased by 263 million USD, corresponding to an increase of 18.1%; other machinery, equipment, tools and spare parts increased by 168 million USD, corresponding to an increase of 12.6%; seafood products increased by 129 million USD, corresponding to an increase of 20.4% ...

Total export value in 5 months / 2019 increased by 7.1%, equivalent to 6.7 billion USD over the same period last year. In particular, the products increased strongly including computers, electronic products, etc. and components; textiles; footwear; wood and wood products ...

Import and export of goods of Vietnam with Asia accounts for a high proportion

According to the statistics of the General Department of Customs, in the first 5 months of 2019, Vietnam’s trade in goods with the Americas reached 29.7 billion USD, up by 22.2% compared to the same period in 2018 and is Europe. The continent recorded the highest growth rate in the first 5 months of this year.

Vietnam’s import and export of goods to Asia continues to account for the highest proportion (66%) of the total import-export turnover of the country. Export and import value in 5 months / 2019 with this market reached 133.68 billion USD, up 7.5% over the same period in 2018, of which export value was 51.7 billion USD, up 2.4 % and import value is 82 billion USD, up by 10.9%.

Meanwhile, import-export turnover between Vietnam and other continents in Europe is 26.23 billion USD, up by 1.6%; Oceania: 3.91 billion, up 9.1% and Africa: 2.57 billion USD, down 5% over the same period in 2018.

Also according to the General Department of Customs, the total import and export value of foreign direct investment (FDI) enterprises in May 2019 reached USD 28.2 billion, up 10.8% compared to the month. Previously, the import and export value of FDI enterprises in the first 5 months of 2019 reached 128.19 billion USD, up 6.6%, equivalent to 7.89 billion USD over the same period in 2018.

In particular, the export of goods of FDI enterprises this month reached 15.15 billion USD, up 9.3% over the previous month, bringing the export value of this sector in 5 months / 2019 to 70.07 billion. USD, up 5.6% over the same period last year.

The calculation by the General Department of Customs showed that the balance of trade in goods of FDI enterprises in May 2019 had a surplus of 2.11 billion USD, bringing the trade balance in 5 months from the beginning of 2019 up. surplus of 11.95 billion USD.

Source: https://www.xaluan.com