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

In the view of FDI traders, the value of exportation in the first half of January reached USD 9.86 billion, down by 13% and the value of importation reached 8.9 billion, down by 7.4% as compared to the second half of December 2020. Therefore, from January 1st to January 15th of 2021, the total value of FDI merchandise trade went down by 10.4% to US dollar 18.76 billion.

Export:

When compared with the second half of December-2020, export of first half of January-2021 decreased by 15.7%, mostly as a result of the downturn registered in computer electrical product ( down by 24.7% - 558 milion);machine, tools and equipments ( down by 19.4% - 349 milion); textiles and garments (down by 21.5% - USD 337 million); iron and steels (down by 47.2% - USD 165 million);…

Chart 1: Top 10 main exported commodities from January 1st to January 15th of 2021 over the same period of 2020

Sources: Vietnam Customs

Import:

In the first half of January 2021, import shrunk by 10.4 % when compared with the second half of December -2020, mainly reflecting the downturn in computer electrical product ( down by 17.8% - USD 590 milion); machine, tools and equipments (down by 6.5% - USD 141 millions); fabrics (down by 15.7% - USD 103 million);

Chart 2: Top 10 main imported commodities from January 1st to January 15th of 2021 over the same period of 2020

Sources: Vietnam Customs