According to the latest figures from the General Department of Customs, until February 15th, 2016, there are 4 groups of export goods which achieve turnover value from $1 billion or over. Those items include telephones and components; textiles; computers, electronic products and accessories, and footwear.
Imports in Vietnam increased to 14493 USD Million in March from 10290 USD Million in February of 2016. Imports in Vietnam averaged 5379.57 USD Million from 1990 until 2016, reaching an all-time high of 14938 USD Million in May of 2015 and a record low of 740 USD Million in February of 1999. Imports in Vietnam are reported by the General Statistics Office of Vietnam.
In 2016, as many free trade agreements were signed which will create advance conditions for Vietnam's agricultural products access to foreign markets. However, coming along with advantages are aheading challenges.
There will be Housewares Fair and Gifts Fair in Hongkong which will take place in April 20th - 23rd, 2016 and April 27th-30th, 2016.
The Vietnam Customs Statistics announced that in the first half (01-15/3/2015) of March-2016, Vietnam’s total exports of US dollars 7.06 billion and imports of US dollars 6.80 billion resulted in a trade surplus of US dollars 264 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of March was US dollars 13.86 billion, increased by 4.6% (equal to USD 606 million) as compared to the second half of February-2016.
Vietnam‘s trade-in-goods from January to the first half of March of 2016 totaled US dollars 60.54 billion in value terms. It posted an increase of 0.8% (equivalent to USD 464 million) from the same period of previous year. In which, the total merchandise export value was up 5.7% to US dollars 30.74 billion and the total merchandise imports value was down 3.8%, to US dollars 29.80 billion.
In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of March reached USD 5.04 billion and USD 4.14 billion respectively. In comparison to the performance of corresponding period of 2015, from January to March 15th of 2016, the total export value of FDI traders went up 9.4% to US dollar 21.63 billion. In the meanwhile, import value was posted at USD 17.94 billion, down by 4.3%.
Export:
When compared with the second half of February-2016, export of first half of March went up by 7.0%, mostly as a result of the upturns registered in following products: textiles and garments (up by USD 206 million); wood and wooden products (up by USD 74 million); precious stones, precious metal and articles thereof (up by USD 35 million)..
Import:
In the first half of March 2016, import increased by 2.2% in comparison to second half of February, mainly reflecting the upwards of animal fodders and animal fodder materials (up by USD 57 million); computer electrical products spare parts and component thereof (up by USD 52 million); iron and steel (up by USD 36 million); other base metals (up by USD 24 million);...
Source: Vietnam Customs
Immediately after the oath ceremony of inauguration at the Congress Hall, in the morning of April 4th, the new Prime Minister Nguyen Xuan Phuc has settled a work, as proposed of the aspirations of the business community.
