Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2024

VCN - The Vietnam Customs Statistics announced that in the first half (01-15/6/2024) of June-2024, Vietnam’s total exports of US dollars 15.73 billion and imports of US dollars 15.4 billion resulted in a trade surplus of US dollars 327 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 31.13 billion, went down by 4.9% as compared to the second half of May-2024.
Vietnam‘s trade-in-goods from January to the first half of June of 2024 totaled US dollars 336.48 billion in value terms. It posted an increase of 16.2% (equivalent to USD 46.817 billion) from the same period of previous year. In which, the total merchandise exports value was up 15.2% to nearly US dollars 172.78 billion and the total merchandise imports value was up 17.2%, to US dollars 163.71 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of June of 2024 reached USD 227.06 billion, up by 13.7% as compared to the same period of last year.

Export:

When compared with the second half of May-2024, export of first half of June decreased by 10.4%, mostly as a result of the climb-down registered in telephones, mobile phones and parts thereof (down by 18.1% - USD 449 million equally); machine, equipment, tools and instruments (down by 12.7% - USD 297 million equally); irons and steels (down by 45.2% - USD 239 million); means of transport (down by 21.2% - USD 144 million equally)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to June 15th 2024 as compared to the same period of 2023.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2024

Import:

In the first half of June 2024, import increased by 1.5% when compared with the second half of May, mainly reflecting the evolution of computer, electrical products (up by 14.1% - USD 560 million); animal fodders and animal fodder materials (up by 37.1% - USD 67 million).

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to June 15th 2024 as compared to the same period of 2023.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2024

Source: Vietnam Customs

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