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

Vietnam‘s trade-in-goods in the first 8 months of 2021 totaled US dollars 429.68 billion in value terms, up by 27.5% 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 8 months of 2021 reached USD 297.43 billion, up by 31.2% in comparison to the same period of 2020.

Export:

As compared to the first half of August-2021, second half of the month increase in the total export value (39.6% - USD 4.5 billion equally) is reflected by upturn in computer, electrical products (up by 62.3% - USD 1 billion equally); telephone, mobile phones and part thereof (up by 37.8% - USD 883 million); irons and steels (up by 91.9% - USD 462 million equally; machine tools and equipments (up by 27.2% - USD 375 millions); …

Totally, in the first 8 months of 2021 total export value from Vietnam was USD 213.52 billion, up by 21.8% as compared to the same period of 2020 (equivalent to USD 38,15 billion in absolute value terms).

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

Import:

The first half to second half of August widen in the total of import value (14.8%) reflected upturn in computer, electrical products (up by 26.5% - USD 764 million equally); irons and steels (up by 24.6% - USD 132 million equally); telephone mobile phones (up by 23.9% - USD 200 million); machine tools and equipments (up by 9.1% _ USD 174 million equally)…

From January to second half of August-2021, total import value into Vietnam was USD 216.15 billion, went up by 33.7% as compared to the same period of 2020 (equivalent to USD 54.47 billion in absolute value terms).

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