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

Vietnam‘s trade-in-goods from January to the first half of July of 2021 totaled US dollars 345,45 billion in value terms. It posted an increase of 32.3% (equivalent to USD84.31 billion) from the same period of previous year. In which, the total merchandise exports value was up 28% to nearly US dollars 171.22 billion and the total merchandise imports value was up 36.8%, to US dollars 174.23 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of July of 2021 reached USD238.44 billion, up by 36.2% as compared to the same period of last year.

Export:

When compared with the second half of June-2021, export of first half of July decreased by 13.9%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 28.1% - USD629 million); computers, electrical products (down by 28.7% - USD623 million equally); foot wear (down by 12.7% - USD127millions); irons and steels (down by 21.6% - USD125million)…

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

Import:

In the first half of July 2021, import increased by 4.8% when compared with the second half of June, mainly reflecting the upturn in machine and equipments (up by 7.5% - USD 145 million equally); corn (up by 76.3% - USD75 million equally)

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