Accessories and machines imports at over $9.7b

Vietnam imported $1.11 billion for machines, equipments and accessories in September, down 6.4 percent against the previous month, and bringing the total figure in first nine months to $9.7 billion, up 16 percent year-on-year and accounting for 16.2 percent of the country’s total import spending.

In September, China remained the Vietnam’s biggest partner for machines and equipments with value of $361.43 million, accounting for 32.6 percent of the Vietnam’s import market, and followed by Japan with $214.21 million, accounting for 19.3 percent, Korea with $107.28 million, accounting for 9.7 percent.

Vietnam’s import of machines and equipments decreased in almost markets in September against August, in which, the New Zealand saw the strongest fall with only $130,000 in Sep, down up to 97.5 percent month on month, and then United Arab Emirates (UAE) with 85 percent fall, reaching only $80,000, South Africa down 81.25 percent to $220,000, along with five other markets with fall of 60-80 percent such as Norway, Russia, Poland, Denmark and Sweden.

However, some other markets still posted rises in import value such as Ukraine with import value of $1.29 million, increasing up to nearly 2,387 percent from August and followed by Austrian market with 304.8 percent rise to $8.7 million, Finland up 200.5 percent to $2.26 million, Hong Kong up 43.4 percent to $3.76 million and Canada up 39.6 percent to $4.88 million.

Totally in Jan-Sep, China took the leading provider with a figure of $3.2 billion and then Japan with $1.83 billion and Korea $754.37 million.

In terms of import growth, 22 of 34 markets reported high growth in value and remaining 12 of 34 markets decreased in turnover. Of which, Vietnam’s import value increased strongly in markets such as New Zealand (+1,115 percent), South Africa (+313.5 percent), Norway (+250.8 percent), Brazil (+246.8 percent), UAE (+224.8 percent), Canada (+146.6 percent) whereas Vietnam’s import spending decreased in markets like Poland (-42 percent), Denmark (-41.2 percent), Hong Kong (-40.3 percent), Austria (-34.2 percent), Finland (-31.6 percent), Sweden (-26.7 percent) and Switzerland (-25.5 percent). – Vinanet

Tags: machines imports

Posted by VBN on Nov 9 2010. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry