Vietnam Import-Export Review in year 2009

From GSO, the export turnovers in 2009 were at an estimate of USD 56.6 billion, showing a drop of 9.7% as against 2008. As while, the import turnovers in 2009 were at an estimate of USD 68.8 billion, down by 14.7% as against 2008. Of which, the domestic economic sector gained USD 43.9 billion, fell by 16.8%; the FDI sector: USD 24.9 billion fell by 10.8%. Although the decreased rate of the import turnovers was higher than that of the export turnovers, the trade deficits in 2009 was still at an estimate of USD 12.2 billion, reduced by 32.1% as against 2008 and equal 21.6% of 2009’s total export turnovers.

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Vietnam has reviewed their export plan and aim to gain bigger portion of their total export to Asean market.

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In the same time, Vietnam is one of the strategic markets of Asean exporter during last period:

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Vietnam Trade Balance (Import-Export) in first seven months of year 2009.

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More information about banking review

Update Vietnam import export figures in the first half of 2009

The initial statistic figures from export business in the first half of 2009 has reflected the effects from world financial crisis. (* Refer to more financial news in Vietnam ). However, the contribution of foreign enterprise in country's export/import has some better signals in last two months of the first half:

• Export contribution from FDI enterprise: -7.6% - account 37% of total country export, not include crude oil export (in first 4 month is - 34%, in the first 2 months: -23.4%) year on year

The higlight of import in this first half are:

• Import from FDI enterpises also reduce -24.2% (in the first 4 month: -33%, in the first 2 months: 29.8%) year on year. Total import from FDI Enterprises account about 35% of whole country imports

More financial news about export enterprises

Beside the less contribution of FDI enteprises in import-export activities, the number of FDI projects in Vietnam also reduces. See more details in FDI statistics

More information of domestic industrial Output: Industry Analysis : Paper Industry - Cement Industry - Petrochemical Industry - Construction Industry

Highlights of Vietam Import-Export in Jan-Nov 2008 (Source: GSO)

1. From year to month, agriculture segment has totally 5 products reached over 1 billion USD export: Aquatic products, rice, wood and wooden products, coffee and rubber.
2. With paper industry, the supply is over demand. It creates the strong pressure to make the domestic price reducing. Total import paper has growed more than 20% compared with last year. As while, demand grows only at 8.5 - 10.5%. The country inventory now is over 40,000 mt of all kind of paper.
3. Animal feed's inventory now is over 20,000 mt, especially many shipments from Agrentina, India, Peru has not come ye, which may causes higher inventory level in country.
4. Fertilizer has been imported over 180,000 mt (+30 % month on month). Comparing with the same period of last year, Ure import reduces 36%, SA - 43.09%, DAP - 40.93%, NPK -69.71%
5. Although coming to the high season as usual, wood import reduces 13.6% month on month. In which, MDF -28% month on month (on import quantity), hard wood - 2.2%, rubber wood -6.88%,

Vietnam Import - Export in first quarter 2008 - clink on the image to enlarge view

Major markets of Vietnam in export business in year 2007

Products	Top 3 Markets / Amount (mil. $US)
Toys	United States (27.42), Germany (14.45), Japan (6.57)
Sugar	Indonesia (2.5), Taiwan (0.82), China (0.64)
Coffee	Germany (278), United States (212), Spain (150)
Natural Rubber	China (838), Malaysia (69.9), Taiwan (68.4)
Crude Oil	Australia (2,880), Singapore (1,573), Japan (1,013)
Rice	Philippine (468), Indonesia (378), Malaysia (116)
Wood Furniture	United States (948), Japan (307), United Kingdom (196)
Footwear	United States (885), United Kingdom (526), Germany (357)
Apparrel	United States (4,465), Japan (704), Germany (365)
Plastics products	United States (137), Japan (126), Cambodia (44)
Anthracite	China (650), Japan (133), Korea (39)

Vietnam Import - Export Forecast in year 2008 (Source: Ministry of Industry & Trade) - clink on the image to enlarge view

Vietnam Import 2007 Review

As the recent report of Ministry of Industry and Trade, there are four key factors caused the high import amount in year 2007:

1. Import of machinery and materials for foreign investment projects and other key projects of country, like Ca Mau Power - Fertilizer Complex, Ship Building, and Dung Quat Refinery project.

2. The increasement of imported material's price, like crude steel, fertilizers, plastics and textiles.

3. Export growth is less than last year (20.5% vs. 22.8% of last year). In addition, some items are controled the quantity of export to secure the country's resources and environment's issues.

4. Import tax reduction in AFTA scheme. It boosted up the big volume of import from regional countries to Vietnam.

Key import-export products in year 2007

Import	Unit	Qtty
Pulp & Paper	'000 mt	842
Fertilizer	'000 mt	3,800
Plastics	'000 mt	1,650
Gasoline	'000 mt	12,600
Construction Steel	'000 mt	7,700
in which: Crude Steel	'000 mt	2,000
Export
Crude Oil	'000 mt	16,400
Coal	'000 mt	32,500
Apparel	mil. USD	7,800
Footwear	mil. USD	4,000
Wooden Products	mil. USD	2,400
Plastics Products	mil. USD	725
Bicycles and Spare parts	mil. USD	79
Processed Seafood	mil. USD	3,790
Wire Cables	mil. USD	884

TRADE BALANCE BY COUNTRIES (FROM JAN - JUL'07)

(Source: General Department of Statistics)

IMPORT SHARES BY COUNTRIES (FROM JAN - JUL'07)

(Source: General Department of Statistics)

IMPORT - EXPORT REVIEW IN YEAR 2006

In year 2006, Vietnam exports total 39.6 billion USD (+22.1% year on year), in which: FIEs: 22.87 billion $US (+23.2% yoy)- included crude oil export. The major export market in year 2006: 20% United States (+35% yoy), 18% E.U (+30% yoy), 13% Japan (+19% yoy). There are total 9 groups which have export amount over 1 billion $US: crude oil, garment, footwear, aquatic products, furnitures, electronic components, rice, coffe and rubber.

Total import value of Vietnam in 2006 is 44.41 billion USD (+20.1% year on year), in which FIEs: 1.55 billion $US. Some goods have significant growth in 2006 like: paper (+24.8% yoy), chemicals (+18.7%), plastics (+13.6%), machinery (+24.1%).

EXPORT REVIEW 2005

Earnings from exports in December were estimated at 3 billion USD, bringing the country's export revenues this year to over 32 billion USD, 21.6 percent more than last year, according to the Trade Ministry.

Particularly, crude oil exports fetched more than 7 billion USD. Aquatic products, the country' fourth largest foreign currency earner, raked in 2.5 billion USD, 14 percent over last year. More than 5.2 million tonnes of rice have been exported, earning nearly 1.4 billion USD, a record so far in terms of both volume and value. Wooden furniture exports also surpassed their target, reaching more than 1.5 billion USD, a 33 percent year on year increase; rubber latex fetched an export value of 772 million USD; coffee, 718 million USD; electronics and computer parts, 1.5 billion USD.

The US is the biggest market for Vietnamese products, spending 4.8 billion USD. It was followed by ASEAN countries with more than 4.4 billion USD; the EU, more than 4.3 billion USD; Japan , 3.5 billion USD, and China , 2.3 billion USD.

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IMPORT REVIEW 2005 (Source: MOT)

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TRADE RECORDS FROM 1996 - 2005

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Past records - click here