Posted on 01 Oct 2015
Vietnam’s total export revenues reached nearly US$120.7 billion in the first nine months of 2015, up 9.6% year on year, with the September figure estimated at US$14.2 billion, down 1.9% against the previous month, according to the Ministry of Planning and Investment.
The FDI sector exported US$82.2 billion worth of commodities (excluding crude oil) in the January-September period, up 21.1% against 2014, accounting for 68.1% of the total revenues. Export value, including crude oil, sat at around US$85.2 billion, up 15.8%.
Phones and phone parts recorded the largest revenues of US$23.2 billion (up 34% over the same period of 2014), followed by garments at US$17.1 billion (up 10.6%); computers and electronic parts at US$11.4 billion (up 52%); leather and footwear at US$8.8 billion (up 18.4%); and wood and wood products at US$4.9 billion (up 9.1%).
The US remained Vietnam’s biggest importer, posting a nine-month increase of 19.6% in revenues and a 20.6% proportion of the country’s total export revenues. The EU followed with a 12.4% growth and an 18.9% share of the total revenues, while China came third with 12.5% and 10.4% respectively.
Vietnam’s import revenues in nine months were estimated at US$124.6 billion, up 15.9% against 2014, resulting in a trade deficit of about US$3.9 billion.
The country mainly imported petrol and oil (7.1 million tonnes, up 7.5%); iron and steel (115 million tonnes, up 41.5%); fertilizers (3.2 million tonnes, up 8.4%); machinery (US$20.9 million, up 30%); and computers and parts (US$17.3 billion, up 31%); with the Asian region accounting for the largest share, 80.2% of Vietnam’s total import revenues.
