Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2020
Furthermore, in the first 8 months of 2020, Vietnam was in trade surplus of USD 13.49 billion.
Vietnam‘s trade-in-goods in the first 8 months of 2020 totaled US dollars 337.23 billion in value terms.
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 8 months of 2020 reached USD 202.79 billion, down by 4.8% in comparison to the same period of 2019.
Export:
As compared to the first half of August-2020, second half of the month increase in the total export value (18.3% - USD 2.31 billion equally) is reflected by upturn in telephones, mobile phones and part thereof (up by 6.7% - USD 172 million equally); computer, electrical products (up by 19.1% - USD 366 million equally); machine, tools and equipments (up by 38.2% - USD 427 million equally); textile and garments (up by 17.3% - USD 235 million); iron and steel (up by 59.3% - USD 132 million)…
Totally, in the first 8 months of 2020 total export value from Vietnam was USD 175.36 billion, slightly up by 2.3% as compared to the same period of 2019 (equivalent to USD 4.01 billion in absolute value terms).
Chart 1: Top 10 main exported commodities of Vietnam in the second half of August as compared to the first half of August
Source: Vietnam Customs |
Import:
The first half to second half of August widen in the total of import value (6.1%) reflected upturn in computer, electrical products (up by 7% - USD 203 million equally); crude oil (up by 107.9% - USD 94.6 million equally); telephones mobile phone (up by 12.2% - USD 92.7 million equally)…
From January to second half of August-2020, total import value into Vietnam was USD 161.87 billion, went down by 2.4% as compared to the same period of 2019 (equivalent to USD 4.01 billion in absolute value terms).
Chart 2: Top 10 main imported commodities of Vietnam in the second half of August as compared to the first half of August
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