Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

Vietnam‘s trade-in-goods from January to the first half of November of 2024 totaled US dollars 681.48 billion in value terms. It posted an increase of 15.7% (equivalent to USD 92.28 billion) from the same period of previous year. In which, the total merchandise exports value was up by 14.8% to nearly US dollars 352.38 billion and the total merchandise imports value was up by 16.6%, to US dollars 329.1 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of November of 2024 reached USD 461.33 billion, up by 14% as compared to the same period of last year.

Export:

When compared with the second half of October-2024, export of first half of November decreased by 13.1%, mostly as a result of the downturn registered in machine, tools and equipments (down by 20% - USD 577 million); telephone, mobile phones and part thereof (down by 14.4% - 365 million); computer electrical products and part thereof (down by 7.8% - USD 261 million); …

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to November 15th 2024 as compared to the same period of 2023.

Import:

In the first half of November 2024, import decreased by 5.3% when compared with the second half of October, mainly reflecting the downturn in computer electrical products and part thereof (down by 6.8% - USD 341 million); irons and steels (down by 29% - USD 217 million).

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to November 15th 2024 as compared to the same period of 2023.