Vietnam trade performance March 2015

Vietnam trade performance Mar 2015
First quarter

Preliminary assessment of Vietnam international merchandise trade performance in March and the first quarter of 2015

Vietnam Customs Statistics  25/04/2015 9:00 AM

Highlights

1. According to trade statistics of Vietnam Customs, in the third month of 2015, a 40.5% increase in total external merchandise turnover of Vietnam as compared to the result of a month earlier was recorded. In which exports expanded    40.3%, to USD 13.34 billion and imports went up 40.6%, to USD 14.74 billion. As a result, there was a USD 1.4 billion deficit in Vietnam’s trade balance in this month.

 
2. From the beginning to March of 2015, Vietnam’s trade-in-goods reached US dollars 75 billion in value terms, 14.3% higher than the corresponding period of 2014. As compared to result of the first quarter of last year, total merchandise exports value rose 8.8%  to US dollars 36.30 billion and the total merchandise imports value rose 20.1% to US dollars 38.70 billion. Accordingly, Vietnam’s trade balance in the first 3 months of 2015 was in the deficit of US dollars 2.40 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 48.19 billion in total in the first quarter of 2015, up by 22.6 % as compared to the result of January-March period of 2014. Total value of FDI exportation was USD 24.53 billion, expanded by 18.7%. On import side, the total value of those companies was USD 23.66 billion, picked up by 27.1%.
 
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Main Exports and Imports 
                       
4. The February of 2015 to March of 2015 expansion in total merchandise exports was due to the upturns in telephones, mobile phones and parts thereof (up by USD 782 million); computers, electrical products and parts thereof (up by USD 405 million); textiles and garments (up by USD 286 USD); machine, equipment, tools and instruments (up by USD 236 million); rice (up by USD 199 million)...
 
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5. The performance growth in total exports value in the first quarter of 2015  as compared to that of 2014 was contributed by the upwards of the following goods: computers, electrical products and parts thereof (up by USD 1.38 billion); telephones, mobile phones and parts thereof (up by USD 1.21 million)..
 
6. The February of 2015 to March of 2015 expansion in total merchandise imports was due to the upturns in machine, equipment, tools and instruments (up by USD 507 million); textiles and garments (up by USD 472 USD); computers, electrical products and parts thereof (up by USD 391million); telephones, mobile phones and parts thereof (down by USD 272 million); plastics (up by USD 236 million)..
 
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7. The performance growth in total imports value in the first quarter of 2015 as compared to that of 2014 was contributed by the upwards of the following goods: machines, equipment, tools and instruments     (up by USD 2.27 billion); computers, electrical products, spare-parts and components thereof (up by USD 1.42 billion…
 
    Trading Partners
 
8. From the beginning to March of 2015, Vietnamese merchandise trade with trading partners in Asia was totaled USD 50.19 billion in value terms, which moved up 13.9% as compared to the same period of 2014. Trade-in-goods of Vietnam with America was followed, which reached USD 12.09 billion and increased by 21.1%. The values of other continents were Europe: USD 10.26 billion, up by 10.8%; Oceania: USD 1.38 billion, down by 0.7% and Africa: USD 1.09 billion, up by 19.7% in comparison with the same period of last year.
 
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9. In the first 3 months of 2015, exporting markets of Vietnam with turnover of over USD 1 billion were: The United States of America (reached USD 7.15 billion); China (reached USD 3.54 billion); Japan (reached USD 3.27 billion); Republic of Korea (reached USD 1.17 billion); Hong Kong (reached USD 1.47 billion); UAE (reached USD 1.25 billion).
 
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10. On import side, there were eight partners exporting goods to Vietnam with turnover of over 1billion. They were as follows: China (reached USD 11.5 billion); Republic of Korea (reached USD 6.6 billion); Japan (reached USD 3.6 billion); Taiwan (reached USD 2.7 billion); United States of America (reached USD 1.8 billion); Singapore (reached USD 1.8 billion) and Thailand (reached USD 1.7 billion); Malaysia (reached USD 1.0 billion).
 
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