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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Vietnam international merchandise trade performance in the first half of July, 2014

Tuesday, September 02, 2014 > 11:19:38
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(Vietnam Customs)

The Vietnam Customs Statistics announced that in the first half (01-15/7/2014) of  July-2014, Vietnam’s total exports of  US dollars 5.82 billion and imports  of  US dollars 6.08 billion resulted in a trade deficit of nearly US dollars 256 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of July was US dollars 11.91  billion, went down by 8.5% (equal to USD 1.11 billion) as compared to the second half of June-2014.

Vietnam‘s trade-in-goods from January to the first half of July of 2014 totaled US dollars 152.12 billion in value terms. It posted a growth of 13% (equivalent to USD 17.48 billion) from the same period of  previous year. In which, the total merchandise export value was up 14.7% to US dollars 76.75 billion and the total merchandise imports value was up 11.3%, to US dollars 75.36 billion.

In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of July reached USD 3.54 billion and USD 3.44 billion respectively. From January to July 15th of 2014, the total export value of FDI traders went up 20.5% to US dollar 47.15 billion, which accounted for 61.4% of  Vietnam’s total exports. In the meanwhile, import value was posted at USD 42.28 billion, up by   10.6% and accounted for 56.1%.

Export:

When compared with the second half of June-2014, export of  first half of July decreased by 11.1%, mostly as a result of the decline registered in: machine, equipment, tools and instruments (down by USD 120 million); computer, electrical products, spare-parts and components thereof (down by USD 77 million); foot-wear (down by USD 70 million); telephone, mobile phone and part thereof (down by USD 66 million); fruits and vegetables (down by USD 42 million); coffee (down by USD 34 million)…

However, the following commodities climbed up in export value: crude oil (up by USD 56 million); textiles and garments (up by USD 31 million); fertilizer (up by USD 10 million)


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