Vietnam Imports Decreased By 10.1% In March Compared With The Same Period Last Year.

Vietnam's import volume was about $19 billion in March 2020, an increase of 2.3% over February, but 10.1% less than the same period last year, according to data from the General Statistics Office of Vietnam. In the first quarter of 2020, Vietnam imported about US $56 billion 260 million, a decrease of 1.9% compared with the same period last year. The number of Vietnamese funded enterprises was about 23 billion 80 million US dollars, a decrease of 3.4%, and the import volume of foreign-funded enterprises was about 33 billion 180 million US dollars, a decrease of 0.8%. In the first quarter of 2020, there were 14 imported products amounting to more than US $1 billion, accounting for 72.9% of the total imports, including imports of electronic products, computers and parts, 13 billion 200 million US dollars, an increase of 11.8%; machinery and equipment and their parts 7 billion 800 million US dollars, reduced by 8.6%; and various phones and their parts 3 billion 200 million US dollars, increasing by 14.1%; Cloth $2 billion 400 million, reduced by 17.7% Plastic $2 billion, reduced by 6.1%; steel 1 billion 900 million US dollars, reduced by 16%; plastic products increased by 1 billion 600 million US dollars, increased by 8.1%; crude oil 1 billion 500 million US dollars, increased by 67.9%; cars 1 billion 400 million US dollars, reduced 24.4%; general metals 1 billion 400 million dollars, reduced 1 billion 400 million; chemical products were exported to US dollars, increased the number of chemicals; chemical raw materials were US dollars; Textile clothing, footwear and other raw materials $1 billion 100 million, a decrease of 14.5% Oil products reduced US $1 billion 20 million by 17.6%.

Regarding the source of imports, China is still Vietnam's largest source of imports, with an import amount of US $13 billion 300 million, a decrease of 18% compared with the same period last year; secondly, Korea's $11 billion 700 million, an increase of 2.4%; ASEAN's 7 billion 200 million US dollars, a decrease of 8.3%; Japan's 4 billion 900 million dollars, an increase of 15.8%; the EU 3 billion 400 million dollars, an increase of 5.2%; the United States 3 billion 400 million dollars, an increase of 3 billion 400 million.

In the first quarter of 2020, the trade surplus was about US $2 billion 800 million, of which the deficit exceeded $4 billion 400 million, and foreign enterprises (including crude oil) amounted to US $7 billion 200 million.