| 14-07-2018 | 07:57:06

Massive spike in imports of Japanese coal

There was an increase in imports of most products from Japan during the first five months of this year, with coal skyrocketing to US$3.24 million, 134 times higher than its previous level.

Vietnam imported US$7.32 billion worth of products from Japan during the first five months of this year, a year-on-year rise of 15.1%, according to the General Department of Vietnam Customs.

The country bought a wide range of products from the Japanese market, mainly machinery, industrial products and materials.

Machinery, equipment and tools accounted for the highest value of imported items at nearly US$1.8 billion, up 3.1% against the same period last year, and making up 24.5% of the total imports. They were followed by computers, electronics and components with US$1.49 billion (up 30.8%), steel with US$630.35 million (up 9.8%) and plastic products with US$332.34 million (up 10.5%).

On the other end of the scale, Vietnam reduced its imports of some products such as Complete Built-Up (CBU) automobiles (down 69.6% to US$17.18 million), animal feed and materials (down 48.6% to US$1.18 million), means of transport and spare parts (down 29.5% to US$71.76 million) and electric household appliances and components (down 26% to US$6.43 million).

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coal