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

10:35 | 24/03/2022

The Vietnam Customs Statistics announced that in the second half of December, 2021 the total Vietnam’s exports of US dollars 18.68 billion and imports of nearly US dollars 16.08 billion resulted in a trade surplus of US dollars 2.6 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was over US dollars 34.76 billion, up by 11% as compared to the first half of December-2021. Furthermore, in 2021, Vietnam was in trade surplus of USD 4.08 billion.

Vietnam‘s trade-in-goods in 2021 totaled US dollars 668.55 billion in value terms, up by 22.6% as compared to the performance of last year.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in 2021 reached USD 463.43 billion, up by 24.6% in comparison to 2020.

Export:

As compared to the first half of December-2021, second half of the month increase in the total export value (18.4% - USD 2.9 billion equally) is reflected by upturn in machine tools and equipments (up by 28.5% - USD 532 million); telephones, mobile phones and part thereof (up by 19.4% - USD 497 million equally); textiles and garments (up by 27.8% - USD 439 million); computer, electrical products (up by 11.4% - USD 286 million equally) …

Totally, in 2021 total export value of Vietnam was USD 336.31 billion, up by 19% as compared to the same period of 2020 (equivalent to USD 53.68 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of Vietnam in the second half of December as compared to the first half of December

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

Import:

The first half to second half of December widen in the total of import value (3.5%) reflected upturn in coal (up by 85.4% - USD 160 millions equally); animal fodders and animal fodder material (up by 57.9% - USD 97 million); machine tools and equipments (up by 4.7% - USD 92 million equally) …

From January to second half of December-2021, total import value into Vietnam was USD 332.23 billion, went up by 26.5% as compared to 2020 (equivalent to USD 69.54 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of Vietnam in the second half of December as compared to the first half of December

Source: Vietnam Customs