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

Vietnam‘s trade-in-goods from January to the first half of September of 2020 totaled US dollars 361.51 billion in value terms. It posted a increase of 0.9% (equivalent to USD 3.26 billion) from the same period of previous year. In which, the total merchandise exports value was up by 3.3% to nearly US dollars 187.99 billion and the total merchandise imports value was down 1.6%, to US dollars 173.52 billion.

In the view of FDI traders, the value of exportation and importation in the first half of September reached USD 7.83 billion, down by 14.7% as compared to the second half of August 2020. Therefore, from January to September 15th of 2020, the total value of FDI merchandise trade went down by 4.2% to US dollar 217.25 billion.

Export:

When compared with the second half of August-2020, export of first half of September decreased by 15.7%, mostly as a result of the downturn registered in telephones, mobile phones and part thereofs (down by 15.7% - USD 433 million); precious stones, precious metal and articles thereofs (down by 73% - USD 329 million); textile garments (down by 14.2% - USD 227 million);

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

Sources: Vietnam Customs

Import:

In the first half of September 2020, import increased by 0.1 % when compared with the second half of August, mainly reflecting the upturn in machine, tools and equipments (up by 2.9% - USD 46.4 millions); mobile phones and part thereofs (up by 5.5% - USD 46.6 million);

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

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