Trade deficit is $US 3.02 billion

Export turnover of 10 largest commodity groups of Vietnam (Accumulated by the end of May 15, 2017, compared to the same period in 2016)

According to the General Department of Customs, the total import and export turnover of Vietnam in the period May 1, 2017 (from May 1 to May 15, 2017) reached over $ 16.34 billion, decreased by 11.9 % (equivalent to an decrease of over $US 2.21 billion compared with the period 2 in the April 2017.

The trade deficit in the period first half in May 2017 was near $US 1.1 billion, bringing the trade deficit of nearly $US 3.02 billion, equal to 4.3% of the country's export turnover.

In the first 15 days in May 2017, the foreign-invested sector achieved an import-export turnover of $US 10.75 billion, down by 14.8%, equivalent to a decrease of more than $US 1.86 billion compared with the last half of April 2017.

By the end May 5, 2017, the import-export volume reached nearly $US 93.39 billion, accounting for 65.6% of the total import-export turnover of the country, up 23.1%, respectively Up nearly $ 17.54 billion compared to the same period in 2016.

The trade balance of FDI enterprises in the first half in May 2017 gained a trade surplus of $US 173 million, helping the surplus of the group from the beginning of the year to May 15, 2017, to reach nearly $US 5.41 billion.

In terms of export, Vietnam’s export turnover in the first half in May 2017 reached more than $US 7.62 billion, reduced by 20.7% (equivalent to a decrease of $US 1.99 billion) compared the last 15 days in April 2017. By the end of May 15, 2017, the country’s export turnover reached nearly $US 69.7 billion, increased by 17.6% (equal to an increase of $US 10.42 billion) compared to the same period in 2016.

Compared to the last half in April 2017, the export in the first half in May 2017 fluctuated sharply in the following categories: telephones and accessories reduced by 30.7%, equal to $US 780 billion; textiles decreased by 20%, equivalent to $US 199 million; Computers, electronic products and components decreased by13.1%, equal to $US 132 million; Machinery, equipment, tools and spare parts fell by 19.1%, equivalent to $US 111 million; While only a few commodity groups such as coal increased by $US 20 million; the export of fruit and vegetable increased by 4.1%, equal to $US 7 million; ...

The export value of FDI enterprises in the period reached over $US 5.46 billion, reduced by 21.9% (equivalent to $US 1.53 billion) compared to the last 15 days in April 2017.

Thus, by the end of May 15, 2017, the export turnover of FDI enterprises reached nearly $US 49.4 billion, accounting for 70.9% of total export of the country, increased by over $US 7.91 billion compared to the same period in 2016.

In terms of import, the import value of Vietnam in the first half in May 2017 reached over $US 8.72 billion, decreased by 2.5% (equivalent to $US 225 billion) compared to the last 15 days in April 2017. By the end, May 15, 2017, the import turnover of the country reached over $US 72.71 billion, increased by 25% (equal to $US 14.55 billion) compared to the same period in 2016.

Compared to the second half in April 2017, the import in the first half in May 2017 increased sharply in following groups: fabrics increased by 12.6%, equal to $US 62 million; Animal feed and raw materials increased by 40.3%, equal to $US 49 million; Plastic materials increased by16.1equal to $US 44 million; vehicles and spare parts increased 1.6 times, equal to $US 40 million…

The commodities having a decrease in turnover compared to the last period were: machinery, equipment, tools, accessories fell by 12.6%, equal to $US 237; Computers, electronic products and components decreased by 9.7%, equal to $US 146 million; Phones and accessories decreased by 19.8%, equal to $US 116 million; Petroleum products decreased by 29.6%, equal to $US 96 million; ...

The import value of FDI enterprises in the first half in May 2017 reached nearly $US 5.92 billion, reduced by 6% (equal to $US 335 million) compared to the las 15 days in April 2017.

Thus, by the end of May 15, 2017, the import turnover of FDI enterprises reached over $US 43.99 billion, increased by 20%, equivalent to 9.62 billion, accounting for 60.5% of the country’s total import turnover.