January trade value surges year on year

Vietnam’s export-import value reached US$38.3 billion in January – up 39.9% compared to a year earlier but down 3.1% compared to December 2017, according to the General Department of Customs.

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The export value was estimated at US$19 billion, up by 33.1% year on year and down 3.3% from the previous month.

The main exports were mobile phones and spare parts, worth US$4.2 billion, up 7.7% from the previous month, and 80.7% from a year ago.

In January, exports of garment-textiles and computers and spare parts were estimated at US$2.3 billion and US$2.2 billion, up 7.6% and 37.9% year on year, respectively.

Import value was projected at US$19.3 billion, up 47.4% year on year, and down 3% month on month.

State budget collection was estimated at VND22.5 trillion – 23 trillion (around US$1 billion), up 9.65% from 2017.

From January 16, 2017 to January 15, 2018, the customs sector uncovered 768 cases of smuggling or trade fraud, worth more than VND9 billion (US$396,000).


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