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Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2021

17:43 | 31/10/2021

The Vietnam Customs Statistics announced that in the first half (01-15/8/2021) of August-2021, Vietnam’s total exports of US dollars 11.37 billion and imports of US dollars 12.73 billion resulted in a trade deficit of nearly US dollars 1.36 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of August was US dollars 24.1 billion, down by 18.1% as compared to the second half of July-2021.

Vietnam‘s trade-in-goods from January to the first half of August of 2021 totaled US dollars 399.27 billion in value terms. It posted an increase of 28.6% (equivalent to USD 88.83 billion) from the same period of previous year. In which, the total merchandise exports value was up 23.3% to nearly US dollars 197.7 billion and the total merchandise imports value was up 34.3%, to US dollars 201.58 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of August of 2021 reached USD 275.82 billion, up by 32.3% as compared to the same period of last year.

Export:

When compared with the second half of July-2021, export of first half of August decreased by 24.2%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 25.1% - USD 782 million); computers, electrical products (down by 24.5% - USD 524 million equally); textiles and garments (down by 21.9% - USD 321 millions); wood and wooden products (down by 41.6% - USD 266 million)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to August 15th 2021 as compared to the same period of 2020.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2021  	:  	EnglishNews  	: Vietnam Customs

Import:

In the first half of August 2021, import decreased by 11.7% when compared with the second half of July, mainly reflecting the downturn in machine and equipments (down by 10.2% - USD 217 million equally); computer electrical products (down by 6.3% - USD 209 million equally); corn (down by 81% - USD 161 million equally)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to August 15th 2021 as compared to the same period of 2020.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2021  	:  	EnglishNews  	: Vietnam Customs

Source: Vietnam Customs