Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2019

Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2019
1. According to trade statistics of Vietnam Customs, in March 2019, a 5.7% downturns in total external merchandise turnover of Vietnam was recorded on a month-on-month basis. Exports shrunk 10.3 %, to USD 20.44 billion and imports went down 0.8%, to USD 20.99 billion as compared to the result of March 2019. As a result, there was a USD 555 million deficit in Vietnam’s trade balance in this month.




2. In the first 4 months of 2019, Vietnam‘s trade-in-goods totaled US dollars 157.72 billion in value terms, 8.7% above the corresponding period of last year. As compared to result of a year earlier, total merchandise exports value rose 6.5%, to US dollars 79.24 billion and the total merchandise imports value increased 10.9% to US dollars 78.48 billion. Accordingly, Vietnam’s trade balance in this period was in the surplus of US dollars 752 million.


3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 99.99 billion in total from beginning to April 2019, up by 5.6% as compared to the result of corresponding period of 2018. Total value of FDI exportation was USD 54.92 billion, went up by 4.3%. On import side, the total value of those companies was USD 45.07 billion, went up by 7.2%.