Preliminary assessment of Vietnam international merchandise trade performance in February and the first 2 months of 2015


Highlights
1. According to trade statistics of Vietnam Customs, in the second month of 2015, a 26.4% decrease in total external merchandise turnover of Vietnam was recorded as compared to the result of a month earlier. In which, exports shrunk    29%, to USD 9.51 billion and imports drop 23.9%, to USD 10.48 billion. As a result, there was a USD 967 million deficit in Vietnam’s trade balance in this month.
2. From the beginning to February of 2015, Vietnam‘s trade-in-goods totaled US dollars 47.15 billion in value terms, 14.9% higher than the corresponding period of 2014. As compared to result of the first two months of last year, total merchandise exports value rose 8.4%  to US dollars 22.97 billion and the total merchandise imports value expanded 21.9% to US dollars 24.18 billion. Accordingly, Vietnam’s trade balance in the first 2 months of 2015 was in the deficit of US dollars 1.21 billion.
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 30.36 billion in total in the first 2 months of 2015, up by 23.8 % as compared to the result of January-February period of 2014. Total value of FDI exportation was USD 15.46 billion, expanded by 17.2%. On import side, the total value of those companies was USD 14.89 billion, picked up by 31.6%.
t1-t2 va 2 t 2.015.png
Main Exports and Imports  
    
4. The January of 2015 to February of 2015 decrease in total merchandise exports was due to the downturns in telephones, mobile phones and parts thereof (down by USD 717 million), textiles and garments (down by USD 577 USD); foot-wears (down by USD 391 million); computers, electrical products and parts thereof (down by USD 329 million); machine, equipment, tools and instruments (down by USD 193 million)… In contrast to this result, there were some main imports boosting in value terms as follows: crude oil (up by USD 55.8 million); coal (up by USD 9.3 million); pepper (up by USD 9.2 million).
t2-t2 va 2t 2.15.png
5. The performance growth in total exports value in the first 2 months of  2015  as compared to that of 2014 was contributed by the upwards of the following goods: computers, electrical products and parts thereof (up by USD 865 million); telephones, mobile phones and parts thereof (up by USD 706 million); textiles and garments (up by USD 347 million); foot-wears (up by USD 323 billion) …
6.The January of 2015 to February of 2015 decrease in total merchandise imports was due to the downturns in machines, equipment, tools and instruments (down by USD 449 million), computers, electrical products, spare-parts and components thereof (down  by USD 305 million); telephones, mobile phones and parts thereof (down  by USD 228 million)… In contrast to this result, there were some main imports expanding in value terms as follows: petroleum products (up by USD 59 million); ferrous waste and scrap (up by USD 5.2 million)…
t3-t2 va 2t 2.15.png
7. The performance growth in total imports value in the first 2 months of 2015 as compared to that of 2014 was contributed by the upwards of the following goods: machines, equipment, tools and instruments      (up by USD 1.53 billion); computers, electrical products, spare-parts and components thereof (up by USD 1.08 billion); telephones, mobile phones and parts thereof (up by USD 425.17 million); iron and steel products (up by USD 343.26 million) …
Trading Partners
8. From January to February of 2015, Vietnamese merchandise trade with trading partners in Asia was totaled USD 31.45 billion in value terms, which moved up 15.0% as compared to the same period of 2014. Trade-in-goods of Vietnam with America was followed, which reached USD 7.54 billion and increased by 19.9%. The values of other continents were: Europe: USD 6.61 billion, up by 11.5%; Oceania: USD 0.83 billion, down by 9.6%  and Africa: USD 0.73 billion, up by  30.7% in comparison with the same period of last year.
 t4-t2 va 2t 2.2015.png
9. In the first 2 months of 2015, exporting markets of Vietnam with turnover of over USD 1 billion were: The United States of America (reached USD 4.5 billion); China (reached USD 2.2 billion); Japan (reached USD 2.1 billion); Republic of Korea (reached USD 1.1 billion).
chart 1-2t va 2 t .2015.png
10. On import side, there were 7 partners exporting goods to Vietnam with turnover of over 1billion. They were as follows: China (reached USD 7.6 billion); Republic of Korea (reached USD 4.1 billion); Japan (reached USD 2.2 billion); Taiwan (reached USD 1.7 billion); United States of America (reached USD 1.1 billion); Singapore (reached USD 1.1 billion) and Thailand (reached USD 1 billion).
chart 2-t2 va 2t 2015.png