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

Vietnam‘s trade-in-goods from January to the first half of March of 2021 totaled US dollars 122.21 billion in value terms. It posted a growth of 24.2% (equivalent to USD 23.80 billion) from the same period of previous year. In which, the total merchandise exports value was up 22.7% to nearly US dollars 62.01 billion and the total merchandise imports value was up 25.8%, to US dollars 60.2 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of March of 2021 reached USD 86.91 billion, up by 30.1% as compared to the same period of last year.

Export:

When compared with the second half of February-2021, export of first half of March increased by 30%, mostly as a result of the climb-up registered in textiles and garments (up by 79.6% - USD 565 million); computer electrical products and part thereofs (up by 22.6% - USD 398 million); machine, equipment, tools and instruments (up by 32.6% - USD 392 million); wood and wooden products (up by 69.7% - USD 281 million)…

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

Import:

In the first half of March 2021, import increased by 14.9% when compared with the second half of February, mainly reflecting the evolution of computer, electrical products, spare-parts and components thereof (up by 11.1% - USD 283 million); machine, equipment, tools and instruments (up by 14.9% - USD 239 million); cashew nut (up by 76.4% - USD 103 million)…

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

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