Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2020

Vietnam‘s trade-in-goods from January to December of 2020 totaled US dollars 545.36 billion in value terms. It posted a increase of 5.4% (equivalent to USD 27.69 billion) from the same period of previous year. In which, the total merchandise exports value was up by 7% to US dollars 282.65 billion and the total merchandise imports value was up 3.7%, to US dollars 262.7 billion.

.In the view of FDI traders, the value of exportation in the second half of December reached nearly USD 11.34 billion, up by 24.9% and the value of importation reached 9.61 billion, up by 14.8% as compared to the first half of December 2020. Therefore, from January to December of 2020, the total value of FDI merchandise trade went up by 14.8% to US dollar 371.90 billion.

Export:

When compared with the first half of December-2020, export of second half of December increased by 24.7%, mostly as a result of the upturn registered in telephones, mobile phones and part thereofs (up by 41.4% - USD 790 million); machine, tools and equipments (up by 33.9% - USD 456 million); textile garments (up by 23.9% - USD 301 million); computer electrical product ( up by 10.8% - 220 milion);

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

Sources: Vietnam Customs

Import:

In the second half of December 2020, import increased by 11.5 % when compared with the first half of December, mainly reflecting the upturn in computer electrical product ( up by 8.2% - 253 milion); machine, tools and equipments (up by 12.2 % - USD 236 millions)…;

Chart 2: Top 10 main imported commodities from Jan. to December over the same period of 2019

Sources: Vietnam​ customs