Preliminary assessment of Vietnam international merchandise trade performance in the second half of April, 2021

Vietnam‘s trade-in-goods in the first 4 months of 2020 totaled US dollars 208.25 billion in value terms, climbed up by 30.7% as compared to the performance of the same period of last year.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 4 months of 2021 reached USD 145.97 billion, up by 34.8% in comparison to the same period of 2020.

Export:

As compared to the first half of April-2021, second half of the month increase in the total export value (9.4% - USD 1.18 billion equally) is reflected by upturn in computer, electrical products (up by 11.9% - USD 219 million equally); irons and steels (up by 58.1% - USD 173 million equally); telephones, mobile phones (up by 9.5% - USD 173 million); machine, tools and equipments (up by 9.6% - USD 139 million equally)…

Totally, in the first 4 months of 2021 total export value from Vietnam was USD 104.94 billion, climbed up 29.6% as compared to the same period of 2020 (equivalent to USD 23.94 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of second half of April 2021 as compared to the first half of April.

Source: Vietnam Customs

Import:

The first half to second half of April shrunk in the total of import value (1.5%) reflected downturn in machine, equipment tools and instruments (down by 6.6% - USD 133 million equally); irons and steel (down by 16.7% - USD 99 million)…

From January to second half of April-2021, total import value into Vietnam was USD 103.31 billion, went up by 31.8% as compared to the same period of 2020 (equivalent to USD 24.92 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of second half of April 2021 as compared to the first half of April.