Vietnam recorded total exports amounting to US$6.19 billion in the first half of August 2014 and imports of $6.18 billion, resulting in a trade surplus of nearly $17 million, according to the latest data from Vietnam Customs Statistics.
Total value of export and import turnover of the country in the first half of August was $12.37 billion, a drop of 10.3 percent (equal to $840 million) as compared to the second half of July 2014.
This brought up its trade-in-goods from January to the first half of August of 2014 to $178.35 billion in value terms, a growth of 12.9 percent (equivalent to $20.37 billion) from the same period of the previous year.
On foreign direct invested (FDI) traders, the value of exportation and importation in the first half of August reached $3.54 billion and $3.44 billion, respectively. From January to August 15, 2014, the total export value of FDI traders went up 20.5 percent to $47.15 billion, which accounted for 61.4 percent of Vietnam’s total exports. Meanwhile, import value registered at $42.28 billion, up by 10.6 percent and accounting for 56.1 percent.
Total merchandise export value for the period January to August 15 was up 14.6 percent to $90.08 billion and total merchandise imports value was up 11.2 percent to $88.27 billion year-over-year.
Compared with the second half of July 2014, exports in the first half of August decreased by 12.6 percent, pulled down largely by declines in the export of telephones, mobile phones and mobile parts; footwear; fishery products; other means of transportation, parts and accessories; textiles and garments; and machines, equipment, tools and instruments.
On the other hand, export value went up in the first 15 days of August compared to the same period in July for coal, and still images, video cameras, and parts.
Vietnam’s top 10 major exports from January to August 15 of this year were led by telephones, mobile phones and mobile parts. This was followed by textiles and garments; footwear; computer, electrical products, spare parts and components; crude oil; fishery products; machines, equipment, tools and instruments; wood and wooden products; other means of transportation; and coffee.
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