Import and export estimated at over US$54 billion in January 2021

Import and export in January saw strong growth compared to the same period of 2020. Photo & chart: T.Binh

According to the General Department of Vietnam Customs, in January 2021, the total import and export value of the whole country was estimated at US$54.1 billion, down 2.6% from the previous month. Of which total export value was estimated at US$27.7 billion, up by 0.2% and total import value was estimated at US$26.4 billion, down by 5.4%.

However, compared to the same period in 2020, the export and import value of the whole country increased highly, of which exports increased 41% and import value increased 45.7%.

With the above situation, Vietnam's merchandise trade balance in January 2020 is estimated to have a surplus of US$100 million.

The main export items with noticeable fluctuations which are reported by the General Department of Vietnam Customs are crude oil and ore.

In which, crude oil export is estimated at 356,000 tons, up 35.4% and the value is US$135 million, up 34% compared to December 2020. However, compared to the same period in 2020, the estimated crude oil exports this month decreased by 11.5% in amount and the estimated value decreased by 33.9%.

In 2020, the total value of goods import and export of the whole country reached US$545.36 billion, up 5.4% compared to the previous year.

In which, the value of export goods reached US$282.65 billion, up 7.0%, respectively increased by US$18.39 billion and imports reached US$262.70 billion, up 3.7%, respectively up US$9.31 billion.

Ores of all kinds were estimated at 270,000 tons, down 24.8% and valued at US$13 million, down 30.2% compared to December 2020. But compared to January 2020, the estimated export amount of ore this month increased 23.5% in amount and the estimated value decreased by 23%.

Regarding import, petroleum is estimated at 780,000 tons, up 3.5% in amount and 22.6% in value compared to January 2020.

Computers, electronic products and components were estimated at US$5.8 billion, an increase of 37% compared to January 2020.

Machinery, equipment, tools and spare parts were estimated at US$4.1 billion, up 46.3% compared to January 2020.

Iron and steel of all kinds were estimated at 1.15 million tons, valued at US$806 million, up 20.6% in amount and 40.4% in value over the same period last year.

Another notable item is CBU cars with an estimated import amount of 6,000 units, worth US$191 million, up 32.8% in amount and 58.4% in value compared to January 2020.