Trade Performance in First Nine Months Reviewed
Anh:aaIn the first nine months, export turnover advanced by 15.5 percent against the same period last year, according to the Vietnam Customs.
In the period, export growth rate was higher than the National Assembly’s preset target of 10 percent. Accordingly, total export revenue was forecast to hit US$130 billion, higher than the set goal of US$126.1 billion.
Export growth pace tripled GDP growth rate of 5.14, aiding the performance of nine-month GDP in rising higher than that of last year (5.1 percent).
In addition, export surged at a faster pace than import and contributed to maintaining a trade surplus in the January-September period and keeping minute trade gap for the whole year in which import was set to be equivalent to 8 percent of export or US$10 billion.
Export revenue structure has shifted in a positive manner. The proportion of raw materials fell to less than a third of total export. On the other hand, export of refined commodities increased over two thirds in the same period.
In the first nine months, 18 commodities earned over US$1 billion in export revenue. Telephones and spare parts took the lead with US$15.52 billion; followed by garments and textiles US$13.08 billion; computers and spare parts US$7.7 billion; footwear US$6.01 billion; crude oil US$5.35 billion; aquatic products US$4.68 billion.
Vietnam also had penetrated into 24 import markets which were sized over US$1 billion such as the US with US$17.14 billion; Japan US$9.87 billion; China US$9.5 billion; the RoK US$4.78 billion.
Noticeably, Vietnamese shipments to TPP member states valued US$37.3 billion. Imports from TPP member states touched US$22.2 billion in the first nine months.
Vietnam run a trade surplus with 48 markets out of 77 countries and territories especially the US with US$13.26 billion; the UAE US$2.89 billion; Cambodia US$1.89 billion.
Nevertheless, export followed the declining trend in terms of both growth pace and scale on a monthly basis.
The domestic sector held a small market share with 33.5 percent, leaving 61 percent to the FDI sector.
The country was still hit by large trade deficits in big markets including China with US$17.25 billion; Taiwan US$5.24 billion; Singapore US$2.4 billion and Thailand US$2.25 billion.
VGP
Vietnamese
