Vietnam’s trade in goods from January to the first half of April 2017 reached US$107.58 billion, higher by 18.5% compared to the same period of the previous year, according to the Vietnam Customs Statistics. Of this total, exports value shot up 13.9% to nearly $52.51 billion, and imports value was up 23.1% to $55.07 billion.

In the first half of April 2017, the nation’s overall exports added up to $7.93 billion, while imports amounted to $8.43 billion, resulting in a trade deficit of nearly $501 million.

Total export and import turnover in the first half of April was $16.37 billion, down by 13.9% compared to the second half of March 2017.

For FDI traders, exports and imports in the first half of April reached $10.87 billion, down by 13% compared to the second half of March 2017. From January to April 15, total merchandise trade value of FDI traders was $70.05 billion, which is 18.5% higher than the performance for the same period of 2016.

Compared with the second half of March 2017, exports in the first half of April decreased by 16%, mostly as a result of the decline registered for computers, electrical products, spare parts and components (down by 27.8%); textiles and garments (down by 20.4%); iron and steel (down by 62.8%); and wood and wooden products (down by 23.8%).

However, upturns occurred for some export commodities such as telephones, mobile phones, and parts (up by 3%); rice (up by 6.5%); and handbags, purses, suitcases, headgear, and umbrellas (up by 3.3%).

Photo: Phó Nháy

You May Also Like

Confusion over Manila truck ban; Customs extends operations

Trucking holiday ends; Customs reports P490M loss The Manila truck ban policy is causing much confusion, with many transport stakeholders still not exactly clear…

Dachser sets up JV in Indonesia, plans more

Germany’s Dachser says it has established a joint venture in Indonesia as part of the continued expansion of its air and sea logistics services…

Much expected from new PH customs deputy commissioners

LOGISTICS industry stakeholders have high hopes that the five new deputy commissioners at the Philippine Bureau of Customs (BOC) would bring much needed reform…

BOC enlists public help to nab erring officials, smugglers

The Bureau of Customs (BOC) is asking the public to become directly involved as the agency intensifies its campaign to cleanse its ranks of…