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

Vietnam‘s trade-in-goods from January to the first half of August of 2024 totaled US dollars 473.33 billion in value terms. It posted an increase of 16.9% (equivalent to USD 68.58 billion) from the same period of previous year. In which, the total merchandise exports value was up by 16% to nearly US dollars 244.41 billion and the total merchandise imports value was up by 18%, to US dollars 228.92 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of August of 2024 reached USD 321.04 billion, up by 15.4% as compared to the same period of last year.

Export:

When compared with the second half of July-2024, export of first half of August decreased by 14.9%, mostly as a result of the downturn registered in telephone, mobile phones and part thereof (down by 26.3% - 791 million); computer electrical products and part thereof (down by 21.4% - USD 562 million); textiles and garments (down by 10.3% - USD 211 million)…

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

Import:

In the first half of August 2024, import decreased by 7.4% when compared with the second half of July, mainly reflecting the downturm in computer electrical products and part thereof (down by 6.1% - USD 307 million); machine, tools equipments (down by 6% - USD 142 million) …

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