Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2020

Vietnam‘s trade-in-goods from January to the first half of June of 2020 totaled US dollars 217.36 billion in value terms. It posted a decrease of 2.3% (equivalent to USD 5.11 billion) from the same period of previous year. In which, the total merchandise exports value was down 0.7% to nearly US dollars 110.56 billion and the total merchandise imports value was down 3.9%, to US dollars 106.81 billion.

In the view of FDI traders, the value of exportation and importation in the first half of June reached USD 12 billion, up by 4.8% as compared to the second half of May 2020. Therefore, from January to June 15th of 2020, the total value of FDI merchandise trade went down by 6.1% to US dollar 132.08 billion.

Export:

When compared with the second half of May-2020, export of first half of June decreased by 5.3%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 15.7% - USD 300 million); rice (down by 52.5% - USD 114 million equally); machine, tools and equipments (down by 8.6% - USD 83 millions); computer electrical products and part thereofs (down by 3.3% - USD 62 million)…

Import:

In the first half of June 2020, import increased by 13.7% when compared with the second half of May, mainly reflecting the upturn in machine, tools and equipments (up by 29.1% - USD 333 millions); computer, electrical products, spare-parts and components thereof (up by 8.8% - USD 202 million); telephone, mobile phone and part thereof (up by 47.6% - USD 177 million); petroleum products (up by 65.6% - USD 77 million)…