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

Vietnam‘s trade-in-goods from January to the first half of November of 2020 totaled US dollars 463.11 billion in value terms. It posted a increase of 2.7% (equivalent to USD 12.32 billion) from the same period of previous year. In which, the total merchandise exports value was up by 4.9% to nearly US dollars 241.26 billion and the total merchandise imports value was up slightly 0.5%, to US dollars 221.85 billion. In the view of FDI traders, the value of exportation in the first half of November reached USD 6.44 billion, down by 39.1% and the value of importation reached 5.59 billion, down by 29.6% as compared to the second half of October 2020. Therefore, from January to November 15th of 2020, the total value of FDI merchandise trade went up by 7% to US dollar 310.4 billion.

Export:

When compared with the second half of October-2020, export of first half of November decreased by 20.5%, mostly as a result of the downturn registered in computer electrical product ( down by 24% - 547 milion); telephones, mobile phones and part thereofs (down by 16.7% - USD 464 million); textile garments (down by 25.5% - USD 326 million); …

Chart 1: Top 10 main exported commodities from Jan. to November 15th 2020 over the same period of 2019

Import:

In the first half of November 2020, import decreased by 6 % when compared with the second half of October, mainly reflecting the downturn in machine, tools and equipments (down by 7.5% - USD 131 millions); computer electrical product (down by 7.6% - USD 242 million);

Chart 2: Top 10 main imported commodities from Jan. to November 15th 2020 over the same period of 2019