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

Vietnam‘s trade-in-goods from January to the first half of December of 2021 totaled US dollars 633.22 billion in value terms. It posted an increase of 22.9% (equivalent to USD 117.89 billion) from the same period of previous year. In which, the total merchandise exports value was up 18.7% to nearly US dollars 317.45 billion and the total merchandise imports value was down 27.3%, to US dollars 315.78 billion.

In the view of FDI traders, from January to December 15th of 2021, the total value of FDI merchandise trade went up by 25.4% to US dollar 440.15 billion.

Export:

When compared with the second half of November-2021, export of first half of December decreased by 8.3%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 14.8% - USD 445 million); machine, tools and equipments (down by 16.4% - USD 367 million); irons and steels (down by 26% - USD 152 million); computer electrical products and part thereofs (down by 4.4% - USD 116 million)…

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

Import:

In the first half of December 2021, imports equal to the second half of November, mainly reflecting the upturn in crude oil (up by 99.5% - USD 160 millions); chemical (up by 25.5% - USD 83 million)…In the meanwhile, the downfall occurred in imports of computer electrical products (down by 4.8% - USD 191 million); corn (down by 65.4% - USD 111 million … as compared to the second half of November.

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