Import-export on 21-23 November: Vietnam has a trade surplus of 19.42 billion USD, Vietnamese people spend nearly 1.9 billion USD to buy foreign cars.
Trade surplus is 19.42 billion USD as of November 15
The total value of goods import and export of Vietnam in the first period of November 2020 (November 1-15) reached 23.15 billion USD, down 13.8% (equivalent to a decrease of 3.71 billion USD) compared to the result. results will be implemented in the second half of October 2020.
As a result, in the first half of November, import and export of goods to the end of November 15 reached 463.11 billion USD, up 12.32 billion USD over the same period in 2019.
Regarding exports, the first period of November was 11.54 billion USD, down 2.97 billion USD compared to the second period of October 2020. By the end of November 15, Vietnam’s total export value of goods reached US $ 241.26 billion, up 4.9%, corresponding to an increase of US $ 11.25 billion over the same period in 2019.
Import, the total value in the first half of November reached 11.61 billion USD, down 6% (equivalent to a decrease of 740 million USD) compared to the results in the second half of October 2020. By the end of November 15, the total import value of the country reached 221.85 billion USD, a slight increase of 0.5% (equivalent to an increase of 1.07 billion USD) over the same period in 2019.
Despite the decline in the first half of November, but from the beginning of the year until now, the import-export turnover has maintained an increase, of which the trade surplus is a bright spot.
In the first 10 months of 2020, there was a record trade surplus of 18.72 billion USD. This trade surplus surpassed the trade surplus of 9.9 billion USD of the whole year 2019. Meanwhile, the trade surplus of 9.9 billion USD in 2019 was the highest level in 4 consecutive years. super of Vietnam.
South Korea is Vietnam’s largest petroleum import market
According to the statistics of the General Department of Customs, in the first 10 months of 2020, Vietnam imported petroleum from Korea the most, with 2.04 million tons, worth $ 845.65 million, followed by Malaysia market, Singapore…
In October 2020, petroleum imports from most markets recovered as compared to September 2020, after a decrease in consecutive months due to the impact of Covid-19
Specifically, petroleum import from China, though only at 43,915 tons, but increased 601% compared to September 2020 (6,265 tons); Malaysia increased 39.3% in volume and 46.8% in turnover compared with September 2020, reaching 188,168 tons; imports from Thailand increased 26.6% in volume and 30.3% in turnover, reaching 76,262 tons, worth $ 26.56 million; Imports from Korea in October remained the highest, reaching 144,634 tons, worth 58.79 million USD.
In recent years, petroleum imports from Korea have been at a high level because according to the Vietnam – Korea Trade Agreement (VKFTA), petroleum import tax has been reduced to 10% since 2016. Besides, From 2018, the import tax rate for all kinds of oil (excluding mazut oil which is applying 0%) under the ASEAN – Korea Free Trade Agreement (AKFTA) will be adjusted from 5% to 0%.
It is forecasted that in the coming time, Korea will still be one of the main petroleum import markets of Vietnam, followed by Singapore, Malaysia, Thailand …
Seafood imports decreased in October
According to preliminary statistics of the General Department of Customs, in the first 10 months of 2020, the country’s import of seafood products of all kinds reached over US $ 1.45 billion, down 0.6% compared to the same period in 2019. .
Particularly in October 2020, seafood import reached 143.25 million USD, down 11.9% compared to September 2020.
In October 2020, seafood imports from most markets decreased in turnover compared to September 2020, of which a sharp decrease in some markets such as: India decreased by 29%, reaching $ 19.58; Southeast Asia decreased by 16.6%, reaching 20.14 million USD; Norway decreased 19%, reaching 11.6 million USD; Indonesia decreased 14.5%, reaching 15.53 million USD.In contrast, imports increased from Taiwan (China) markets increased 52.3% compared to September 2020, reaching 10.26 million USD; Thailand increased 145.9%, reaching 3.05 million USD; Denmark increased by 132% to 1.92 million USD.India is the largest seafood supplier to Vietnam in the first 10 months of 2020, reaching 208.42 million USD, up 27.3% over the same period in 2019, accounting for 14.4% of the total import turnover. seafood export of all kinds nationwide. Next to Southeast Asia market reached 165.61 million USD, up 3.3%, accounting for 11.4%; Norwegian market reached USD 160.36 million, down 7.7%, accounting for 11%; Japan reached 132.85 million USD, accounting for 9.2%, up 21%.
Vietnamese people spend nearly $ 1.9 billion to buy “foreign” cars.
According to statistics of the General Department of Customs, by the end of November 15, Vietnam imported more than 86,300 CBU cars, worth nearly $ 1.9 billion and $ 3.2 billion all kinds of auto components.
Vietnamese people spent more than 5.09 billion USD to import cars and related components, down more than 1.3 billion USD over the same period last year. The reason for this decline was due to the Covid-19 pandemic.
The number of cars imported to Vietnam has recently increased strongly. In October alone, the number of imported cars reached more than 10,300 units, in September it was more than 9,700 units, in August it was more than 6,100 units.
The proportion of cars in the structure of imported cars has always reached 75-80% of the number of cars imported into Vietnam
Currently, imported cars sold domestically are still mostly Thai and Indonesian cars with an average import price of VND 350 million to VND 1.2 billion. Countries like Thailand and Indonesia that have the advantage of production scale, are exempt from car tax and have suitable models for a long time have occupied a large market share in Vietnam.
Thus, accumulated from the beginning of the year to November 15, the whole country imported 86,299 complete cars of all kinds with a total turnover of nearly 1.9 billion USD. The country spent nearly 195 million USD to import automobile components and spare parts, thereby bringing the total turnover from the beginning of the year to 3.25 billion USD.
Source:baoquocte
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