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

08:25 | 29/01/2022

The Vietnam Customs Statistics announced that in the first half (01-15/12/2021) of December-2021, Vietnam’s total exports of US dollars 15.78 billion and imports of US dollars 15.53 billion resulted in a trade surplus of US dollars 250 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of December was US dollars 31.32 billion, down by 4.3% as compared to the second half of November-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.

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

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.

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

Source: Vietnam Customs