Import-export turnover exceeds US$177 billion as of July 15

Posted on 26 July 2016

Source: VietNamNet Bridge

Vietnam’s total import-export turnover reached more than US$177 billion as of July 15, an increase of 2.8% over the same period last year, announced the General Department of Customs on July 22.

Regarding exports, some groups of commodities saw high growth including clinker and cement (up 36.5%, US$6 million), vegetables and fruits (28.7%, US$26 million) and rubber (18.3%, US$12 million).

In contrast, several commodities recorded a decrease in export revenue such as coal (down 98.9%, US$3 million), iron and steel (48.3%, US$59 million), precious stones, non-ferrous metals and their products (36.9%, US$35 million), and chemicals (31%, US$16 million).

Vietnam reported nearly US$87.7 billion in import revenue, a year-on-year decrease of 0.7% (US$584 million).

Compared to the second half of June, the group of cameras, camcorders and spare parts posted the highest growth in import revenue in the first half of July at 45% (US$16 million), followed by cattle feed and raw materials at 41.9% (US$53 million) and motorcycles, spare parts and components at 29.9% (US$5 million).

Meanwhile, some commodities have decrease in import turnover including soybeans (73%), other vehicles and spare parts (61.6%) and liquefied gas (59.7%). 

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