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Preliminary assessment of Vietnam international merchandise trade performance in the first half of March, 2022

14:06 | 13/07/2022

The Vietnam Customs Statistics announced that in the first half (01-15/3/2022) of March-2022, Vietnam’s total exports of US dollars 15.32 billion and imports of US dollars 15.23 billion resulted in a trade surplus of nearly US dollars 93 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of March was US dollars 30.55 billion, went up by 12.7% as compared to the second half of February-2022.

Vietnam‘s trade-in-goods from January to the first half of March of 2022 totaled US dollars 140.05 billion in value terms. It posted a growth of 14.3% (equivalent to USD 17.48 billion) from the same period of previous year. In which, the total merchandise exports value was up 12.2% to nearly US dollars 69.78 billion and the total merchandise imports value was up 16.4%, to US dollars 70.3 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of March of 2022 reached USD 97.45 billion, up by 11.8% as compared to the same period of last year.

Export:

When compared with the second half of February-2022, export of first half of March increased by 5.6%, mostly as a result of the climb-up registered in telephones, mobile phones and part thereof (up by 27.2% - USD 596 million); wood and wooden products (up by 15.1% - USD 88 million); crude oil (up by 85.2% - USD 61 million)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to March 15th 2022 as compared to the same period of 2021.

Import:

In the first half of March 2022, import increased by 20.9% when compared with the second half of February, mainly reflecting the evolution of computer, electrical products, spare-parts and components thereof (up by 17.7% - USD 568 million); machine, equipment, tools and instruments (up by 19.8% - USD 282 million); fabrics (up by 65% - USD 228 million)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to March 15th 2022 as compared to the same period of 2021.

Source: Vietnam Customs