Economic News

Imports of goods from U.S increased sharply

Update at: 08/08/2019 02:58:21

According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of goods from the US market in the first 6 months of 2019 increased sharply by 18.9 per cent compared to the same period of 2018, reaching 6.92 billion USD.

In June of 2019 only, the country’s imports of goods from the U.S reached 1.21 billion USD, down by 13 per cent compared to May of 2019 but increased by 6.6 per cent compared to June of 2018.

In the first six months of 2019, there were 14 groups of items, which got the import value of 100 million USD or more. The imports of computers and electronics from the U.S increased strongly by 48.7 per cent compared to the same period of 2018, reaching 2.2 billion USD - leading the list of items imported from the U.S, and accounted for 31.8 per cent of the total import value.

Cotton ranked second in import value, reaching 977.31 million USD, accounting for 14.1 per cent of the total and up by 16.3 per cent over the same period last year; then machinery, equipment, tools and spare parts accounted for 7.4 per cent, reaching 514.65 million USD, up by 13.5 per cent; plastic materials - accounted for 5.4 per cent, reaching 375.89 million USD, up by 164.7 per cent; animal feed and raw materials accounted for 4.7 per cent, reaching 325.32 million USD, up by 1.3 per cent; textile, garment, leather and footwear materials - reached 260.57 million USD, accounting for 3.8 per cent and up by 39.8.

In the first 6 months of this year, the imports of almost all items from the U.S market to Vietnam increased their value compared to the same period last year; in which the imports of CBU cars increased by 106.9 per cent, reaching 24.16 million USD; automotive components and spare parts - increased by 94.7 per cent, reaching 8.77 million USD; vegetables and fruits - increased by 70 per cent, reaching 116.37 million USD; seafood - increased by 66.8 per cent to 46.97 million USD; confectionery and cereal products - increased by 66.6 per cent to 5.04 million USD.

In contrast, the imports of ordinary metal were down by 94.6 per cent, reaching 7.12 million USD; wheat - decreased by 76.2 per cent, reaching 8.68 million USD; phones and accessories - decreased by 47.7 per cent, reaching 1.73 million USD; fertilizers of all kinds - decreased by 45.3 per cent, reaching 3.87 million USD.


Vietnam’s imports of goods from the U.S in the first six months of 2019 –source: the General Department of Customs 

 

Market

June of 2019

+- June of 2019 vs. May of 2019 (%)

First 6 months of 2019

+/- First 6 months of 2019 vs. same period of 2018 (%)*

Total

1,206,293,055

-13.01

6,917,588,705

18.93

Computers, electronics and components

416,984,940

-3.79

2,200,511,074

48.67

Cotton of all kinds

185,389,954

-9.54

977,308,108

16.32

Others

81,289,398

-36.97

520,808,719

 

Machines, equipment and spare parts

100,765,944

4.25

514,649,191

13.47

Platics

69,441,557

6.57

375,586,109

164.7

Animal feed and materials

34,514,550

-18.19

325,323,093

1.32

Textile, garment, leather and footwear materials

43,821,130

0.58

260,571,296

39.8

Means of transport and spare parts

22,832,230

-41.18

195,456,875

38.87

Chemical products

29,126,921

-11.81

178,689,370

20.82

Wood and furniture

32,604,379

-8.25

171,069,050

20.6

Soybean

13,399,887

-64.01

146,844,470

-31.55

Iron and steel scraps

25,140,392

-23.51

142,672,330

-10.55

Other food products

22,756,127

-18.06

132,905,379

41.38

Fruit and vegetables

21,162,229

-11.96

116,367,699

70.01

Chemicals

19,476,626

8.73

94,732,631

11.56

Pharmaceuticals

7,783,935

-63.24

82,960,536

23.96

Milk and dairy products

13,882,344

-19.85

70,906,366

26.48

Plastic products

9,609,107

-20.6

58,907,884

-3.9

Seafood

8,424,922

-30.91

46,967,172

66.76

Iron and steel products

5,535,483

-7.62

32,968,063

30.54

Glass and products

5,645,697

28.08

32,424,230

-15.98

Fragrant and hygiene products

5,896,852

-28.19

31,043,874

17.75

CBU cars of all kinds

860,875

-67.81

24,162,058

106.87

Rubber

2,735,760

14.27

16,852,108

-5.53

Fabrics of all kinds

3,647,941

41.19

14,771,935

14.11

Other metal products

2,752,614

-5.47

14,583,282

-7.83

Tobacco materials

2,152,500

-10.24

13,446,070

-5.36

Ores and minerals

2,765,722

3.02

13,314,128

27.08

Paper of all kinds

1,752,758

-19.87

12,391,093

31.27

Cameras, camcorders and components

374,172

-95.52

10,463,563

63.5

Other oil products

2,219,969

-21.24

10,259,464

-34.46

Rubber products

1,666,574

-11.04

9,563,124

15.28

Car components and spare parts

1,122,266

-33.03

8,767,631

94.74

Wheat

 

 

8,684,963

-76.24

Iron and steel of all kinds

1,608,317

34.67

8,385,709

-12.41

Other ordinary metals

1,001,795

-41.82

7,123,675

-94.61

Precious stones, metals and products

1,055,011

-1.21

5,735,771

-12.84

Electric wires and cables

1,292,112

25.01

5,560,680

-25.45

Paper products

1,038,108

13.56

5,064,829

7.02

Confectionery and grain products

574,770

-57.37

5,040,553

66.63

Pesticide and materials

811,351

-38.59

5,036,975

4.39

Fertilizer of all kinds

781,419

-27.94

3,869,561

-45.25

Oil and grease

535,772

-36.55

3,105,054

-13.34

Phones and accessories

58,644

3.69

1,732,958

-47.7

                   
 

------------------------

Source: asemconnectvietnam

Source:asemconnectvietnam
Author:
  Email    In

Comment

 
Confirm code:
Input confirm code:
 

Search

Advance Search  

Related News

Total number of visitors : 1027035