Insights for Vietnam

MoM insights: In the month-on-month analysis, imports of 'Computers, electrical products, spare-parts and components thereof' saw a significant increase of 1.36B, reflecting a 10.52% rise. 'Machine, equipment, tools and instruments' also performed well with a 992.25M increase, marking a 19.03% growth. On the lower end, 'Motor vehicles' experienced a decline of 49.16M, a drop of 10.79%, while 'Wheats' and 'Precious stones, precious metal and articles thereof' also saw decreases of 38.78M and 24.89M respectively. Exports showed a positive trend with 'Computers, electrical products, spare-parts and components thereof' increasing by 1.15B (11.93%), and 'Textiles and garments' rising by 681.93M (22.94%). However, 'Fishery products' and 'Still image, video cameras and parts thereof' faced declines of 35.49M and 34.44M respectively.

YoY insights: Year-on-year, imports of 'Computers, electrical products, spare-parts and components thereof' increased by 4.94B, a substantial 53.02% growth. 'Machine, equipment, tools and instruments' also saw a notable rise of 1.52B (32.54%). Conversely, 'Petroleum products' and 'Coal' faced declines of 106.39M and 93M respectively, with negative growth rates of 14.38% and 15.75%. On the export side, 'Computers, electrical products, spare-parts and components thereof' again led with a 3.42B increase (46.66%), while 'Toys and sports requisites; parts and accessories thereof' surged by 627.88M (199.92%). However, 'Rice' and 'Petroleum products' saw significant declines of 115.23M and 65.13M, with negative growth rates of 31.66% and 41.03%.