Preliminary assessment of Vietnam international merchandise trade performance in the first half of April, 2020

The Vietnam Customs Statistics announced that in the first half (01-15/4/2020) of April-2020 , Vietnam’s total exports of US dollars 8.26 billion and imports of US dollars 9.53 billion resulted in a trade deficit of nearly US dollars 1.27 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of April was US dollars 17.79 billion, went down by 28.3% as compared to the second half of March-2020.

Vietnam‘s trade-in-goods from January to the first half of April of 2020 totaled US dollars 140.7 billion in value terms. It posted a growth of 3.1% (equivalent to USD 4.2 billion) from the same period of previous year. In which, the total merchandise exports value was up 4.5% to nearly US dollars 71.60 billion and the total merchandise imports value was up 1.7%, to US dollars 69.09 billion.

In the view of FDI traders, the value of exportation and importation in the first half of April reached USD 10.56 billion, down by 32.4% as compared to the second half of March 2020. Therefore, from January to April 15th of 2020, the total value of FDI merchandise trade went up 1.2% to US dollar 87.97 billion.

Export:

When compared with the second half of March-2020, export of first half of April down by 36.3%, mostly as a result of the downward registered in telephone, mobile phone and part thereof (down by 52.1% - USD 1.38 billion); computer electrical products and part thereof (down by 31.6% - USD 668 million); textiles and garments (down by 36% - USD 416 million); machine tool & equipments (down by 33.6% - USD 389 million)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to April 15th 2020 as compared to the same period of 2019.

preliminary assessment of vietnam international merchandise trade performance in the first half of april 2020
Import:

In the first half of April 2020, import increased by 19.6% when compared with the second half of march, mainly reflecting the downturn of computer, electrical products, spare-parts and components thereof (down by 30.4% - USD 827 million); telephone, mobile phones (down by 27.9% - USD 167 million); crude oil (down by 71.4% - USD 184 million)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to April 15th 2020 as compared to the same period of 2018.

preliminary assessment of vietnam international merchandise trade performance in the first half of april 2020
Source: customs.gov.vn

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