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Developments and trends of Vietnam international merchandise trade in November and the first 11 months of 2012

Data of trade performance in the November of 2012 compiled by Vietnam Customs shows that total merchandise exports and imports of Vietnam went down slightly 1%, to US dollars 20.30 billion. In which, the merchandise export value totaled US dollars 10.35 billion, went up slightly by 0.2% as compared to the performance of previous month. By importation, the total value was 2.1% less than October’s imports of US dollars 10.17 billion. As a result, Vietnam’s trade balance was in the surplus of US dollars 395 million in November, 2012.

Highlights

1.  Data of trade performance in the November of 2012 compiled by Vietnam Customs shows that total merchandise exports and imports of Vietnam went down slightly 1%, to US dollars 20.30 billion. In which, the merchandise export value totaled US dollars 10.35 billion, went up slightly by 0.2%  as  compared to the performance of previous month. By importation, the total value was  2.1%  less than  October’s imports of US dollars 10.17 billion. As a result, Vietnam’s trade balance was in the surplus of US dollars 395 million in November, 2012.

2. Trade statistics disseminated by General Department of Vietnam Customs recorded a sharp expansion of  12.3  %  in Vietnam’s international trade-in-goods for the Jan.-Nov. period  of  2012 , which were summed up to US dollars 207.98 billion. In which, the merchandise export  totaled US dollars 104.23  billion in value terms, up strongly by 18.9%  from November 2011 to November 2012. From January to November 2012, the total merchandise imports value of  US dollars 103.75 billion was above 6.5% the corresponding period last year. As a result, Vietnam’s trade balance was in the surplus of US dollars 484 million reported for the first 11 months of 2012.

 3. According to trade data for exports and imports for Jan.-Nov. period of  2012 disseminated by Vietnam Customs, the value of exportation and importation by foreign direct invested (FDI) traders was summed up to  US dollars 112.54 billion, up strongly by 29% and accounting for 54.1% of Vietnam ‘s total external merchandise trade value. Total value of FDI exportation was US dollars 57.9 billion, advanced significantly by 34.6%. Regarding  importation, the total value of those traders was US dollars 54.64 billion, up vigorously by 23.5%.

Exports                        

6.  The following Table released by Vietnam Customs illustrates Top 10 major exported commodities of Vietnam in November 2012. The leading exports of Vietnam to the world included: telephones, mobile phones and parts thereof (US dollars 1,282 million); textiles and garments (US dollars 1,248 million); computers, electrical products, spare-parts and components thereof (USD dollars 870 million); crude oil (US dollars 752 million); foot-wear (US dollars 708 million); …

7. Regarding  the  following chart , the United States was the biggest importer of Vietnamese products with the total value of US dollars 17.9 billion for the first 11 months, 2012;  Japan  was  the second biggest one; and then China, Republic of Korea, Malaysia, Germany,…

 

Imports

8. According to Table 3 which shows the top 10 major imported commodities in August 2012, it is evident that the leading imports of Vietnam from rest of the world were as follows: Machine, equipment, tools and instruments (US dollars 1,330 million); Computers, electrical products, spare-parts and  components thereof (US dollars 1,219 million); Textile, leather and foot-wears materials and auxiliaries group (US dollars 1,174  million); Petroleum products (US dollars  677 million); Iron and steel (US dollars 489 million); Telephones, mobile phones and  parts thereof (US dollars 505 million); Iron and steel (US dollars 489 million) plastics (US dollars 382 million); Other base metals (US dollars 261 million),…

9. China was the biggest partner exporting goods to Vietnam with the value of  US dollars 26.1 billion in the first 11 months of 2012, followed by: Republic of Korea, Japan, Taiwan, Singapore, Thailand, …