Vietnam’s export, import revenues reached 33.346 billion USD and 32.339billion USD respectively in the first quarter of this year, resulting ina trade surplus of more than 1 billion USD, the Vietnam Economic Newsreported on April 7.
After two months of decline largely due toTet (Lunar New Year holidays), exports increased again this Marchreaching 12 billion USD, a 25.8 percent increase from the previousmonth, and imports increased by 21.9 percent to 12.3 billion USD,leading to a trade surplus of 300 million USD or 1.2 percent of totalexport and import revenues.
Except rubber and chemicals whichwere similar to the previous month, all remaining items grew in terms ofexport revenue including textiles and garments reaching 1.6 billionUSD, a 53 percent increase, seafood 600 million USD, a 30 percentincrease, rice 255 million USD, a 30 percent increase, coffee 448million USD, a 28 percent increase, and electronic ware 850 million USD,a 37 percent increase.
The growth in March pushed up manyexports in the first quarter such as telephones and telephoneaccessories reaching 5.4 billion USD, a 22.7 percent increase from ayear ago, vehicles and vehicle spare parts 1.6 billion USD, a 24.8percent increase, footwear 2.2 billion USD, a 25.9 percent increase, andseafood 1.6 billion USD, a 35.3 percent increase.
However,several kinds of materials, fuels, minerals and agricultural and forestproducts still faced difficulties resulting in reduced export revenues.Specifically, crude oil export revenues hit 1.7 billion USD, an 8.3percent drop, cassava and cassava products 367 million USD, a 14.8percent drop, rubber 306 million USD, a 39.2 percent drop, and fossilcoal 217 million USD, a 25.4 percent drop.
The US was the largestimporter buying 5.9 billion USD worth of Vietnamese goods in the firstquarter of this year, a 22.9 percent increase from a year ago. Othermajor export markets maintained their growth momentum such as theEuropean Union (EU) reaching 5.9 billion USD in the first quarter ofthis year, a 7.5 percent increase from a year ago, the Association ofSoutheast Asian Nations (ASEAN) 4.7 billion USD, a 6.4 percent increase,China 3.8 billion USD, a 30.2 percent increase, and Japan 3.6 billionUSD, a 17.8 percent increase.
Import revenues were estimated at12.3 billion USD this March, a 21.9 percent increase from the previousmonth and a 12.2 percent increase from a year ago. The figure reachedabout 32.3 billion USD in the first quarter of this year, a 12.4 percentincrease from the same period last year.
The import structurealso changed in these months. Production materials hit 30.2 billion USD,a 13 percent increase from a year ago, accounting for 93.5 percent oftotal import revenues compared with 93 percent in the same period lastyear. Of these, machinery, equipment, tools and spare parts accountedfor 38.7 percent compared with 38.2 percent a year ago, fuel andmaterials 54.8 percent similar to a year ago, and consumer products 6.5percent compared with 7 percent a year ago.
Vietnam recorded atrade surplus of more than 1 billion USD in the first three months ofthis year accounting for three percent of total export revenues. Theforeign direct investment (FDI) sector recorded a trade surplus of 3.9billion USD, while the domestic sector recorded a trade deficit of 2.9billion USD. The growth again in export and import revenues in the firstquarter of this year is expected to boost exports and imports in themonths to come.-VNA
After two months of decline largely due toTet (Lunar New Year holidays), exports increased again this Marchreaching 12 billion USD, a 25.8 percent increase from the previousmonth, and imports increased by 21.9 percent to 12.3 billion USD,leading to a trade surplus of 300 million USD or 1.2 percent of totalexport and import revenues.
Except rubber and chemicals whichwere similar to the previous month, all remaining items grew in terms ofexport revenue including textiles and garments reaching 1.6 billionUSD, a 53 percent increase, seafood 600 million USD, a 30 percentincrease, rice 255 million USD, a 30 percent increase, coffee 448million USD, a 28 percent increase, and electronic ware 850 million USD,a 37 percent increase.
The growth in March pushed up manyexports in the first quarter such as telephones and telephoneaccessories reaching 5.4 billion USD, a 22.7 percent increase from ayear ago, vehicles and vehicle spare parts 1.6 billion USD, a 24.8percent increase, footwear 2.2 billion USD, a 25.9 percent increase, andseafood 1.6 billion USD, a 35.3 percent increase.
However,several kinds of materials, fuels, minerals and agricultural and forestproducts still faced difficulties resulting in reduced export revenues.Specifically, crude oil export revenues hit 1.7 billion USD, an 8.3percent drop, cassava and cassava products 367 million USD, a 14.8percent drop, rubber 306 million USD, a 39.2 percent drop, and fossilcoal 217 million USD, a 25.4 percent drop.
The US was the largestimporter buying 5.9 billion USD worth of Vietnamese goods in the firstquarter of this year, a 22.9 percent increase from a year ago. Othermajor export markets maintained their growth momentum such as theEuropean Union (EU) reaching 5.9 billion USD in the first quarter ofthis year, a 7.5 percent increase from a year ago, the Association ofSoutheast Asian Nations (ASEAN) 4.7 billion USD, a 6.4 percent increase,China 3.8 billion USD, a 30.2 percent increase, and Japan 3.6 billionUSD, a 17.8 percent increase.
Import revenues were estimated at12.3 billion USD this March, a 21.9 percent increase from the previousmonth and a 12.2 percent increase from a year ago. The figure reachedabout 32.3 billion USD in the first quarter of this year, a 12.4 percentincrease from the same period last year.
The import structurealso changed in these months. Production materials hit 30.2 billion USD,a 13 percent increase from a year ago, accounting for 93.5 percent oftotal import revenues compared with 93 percent in the same period lastyear. Of these, machinery, equipment, tools and spare parts accountedfor 38.7 percent compared with 38.2 percent a year ago, fuel andmaterials 54.8 percent similar to a year ago, and consumer products 6.5percent compared with 7 percent a year ago.
Vietnam recorded atrade surplus of more than 1 billion USD in the first three months ofthis year accounting for three percent of total export revenues. Theforeign direct investment (FDI) sector recorded a trade surplus of 3.9billion USD, while the domestic sector recorded a trade deficit of 2.9billion USD. The growth again in export and import revenues in the firstquarter of this year is expected to boost exports and imports in themonths to come.-VNA
