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Home / Economy / Trade - Service
Export turnover to exceed US$80 billion
Ngoc Thuy 21:31, 2018/05/19
As at May 15, Vietnam`s export turnover reached US$82.63 billion, up 18.7% or US$13.02 billion year on year, according to the latest statistics of the General Department of Vietnam Customs.
In the first half of May, Vietnam's export-import turnover is reported at US$18.93 billion, up 3.7% or US$667 million compared with the second half of April. 
 
Illustration photo.
Illustration photo.
As at May 15, Vietnam's total trade turnover accounted for US$162.74 billion, increasing 14.4% or US$20.54 billion compared to the same period of last year. 

Despite Vietnam has a trade deficit of US$1.37 billion in the first half of May, the country still maintain trade surplus of US$2.51 billion by the end of May 15. 

Also in the first 15 days of May, foreign direct investment (FDI) sector recorded trade turnover of US$11.75 billion, up 2% or US$227 million in compared with the last half of April. 

By May 15, the FDI sector's trade turnover is posted at US$105.64 billion, increasing 13.2% or US$12.32 billion year on year. The sector has a trade surplus of US$465 million in the first half of May, taking its trade surplus by May 15 to US$11.41 billion.

With regard to export, Vietnam's export turnover in first 15 days of May reached US$8.78 billion, down 7.9% or US$752 million compared to the last 15 days of April. By May 15, Vietnam's export turnover reached US$82.63 billion, up 18.7% or US$13.02 billion year on year. 

In compared with the second half of April, export turnover in the first half of May has witnessed a decline in the following categories of goods: textile and garment at 10.5% of US$114 million; transportation vehicle and accessories at 30.3% or US$109 million; steels at US$94 million or 39.5%; other equipment and accessories of 12.4% or US$88 million.

FDI sector's export turnover reached US$6.11 billion, down 6.6% or US$435 million in compared with the last 15 days of April. Consequently, by May 15, the FDI sector's export turnover is reported at US$58.52 billion, increasing 18.6% or US$9.17 billion year on year and accounting for 70.8% of Vietnam's export turnover. 

Vietnam's import turnover in the first half of May reached US$10.15 billion, up 16.3% or US$1.42 billion compared to the last 15 days of April. By May 15, Vietnam's import turnover is reported at US$80.11 billion, up 10.4% or US$7.52 billion compared to the same period of last year. 

Comparing with the second half of April, import in the first half of May has seen a decline in the following categories of goods: coal at 34.9% or US$66 million; phones and accessories with 4.7% or US$21 million. 

Additionally, some goods have a strong growth, including equipment, accessories and others with 30.7% or US$368 million; plastic input with 35.2% in quantity and US$101 million, or 33.3% in price; steels with 0.125 million tons, up 21.1% in quantity and US$92.41 million in price or 21.7%. 
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