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

19:36 | 19/05/2021

The Vietnam Customs Statistics announced that in the second half (16-28/02/2021) of February-2021 , Vietnam’s total exports of US dollars 10.23 billion and imports of US dollars 11.37 billion resulted in a trade deficit of US dollars 1.14 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of February-2021 was US dollars 21.60 billion, up by 12.6% as compared to the first half of this month.

Vietnam‘s trade-in-goods in the first 2 months of 2021 totaled US dollars 95.85 billion in value terms. It posted an increase of 24.6% (equivalent to USD 18.92 billion) from the same period of previous year. In which, the total merchandise exports value was up by 23.7% to US dollars 48.74 billion and the total merchandise imports value was up 25.5%, to US dollars 47.11 billion

.In the view of FDI traders, the value of exportation in the second half of February reached USD 7.91 billion, up by 5.3% and the value of importation reached 7.51 billion, up by 18% as compared to the first half of February -2021. Therefore, from January 1st to February 28th of 2021, the total value of FDI merchandise trade went up by 31.5% to US dollar 68.52 billion.

Export:

When compared with the first half of February-2021, export of second half of February increased by 2.9%, mostly as a result of the upturn registered in telephones, mobile phones and part thereof (up by 11.5% - USD 201 million); iron and steels (up by 98% - USD 179 million); computer electrical product ( up by 9.8% - 157 million); yarn (up by 90.6% - USD 97 million); …

Chart 1: Top 10 main exported commodities from January 1st to February 28th of 2021 over the same period of 2020

Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2021  	   	EnglishStatistics  	: Vietnam

Import:

In the second half of February-2021, import increased by 23% when compared with the first half of February -2021, mainly reflecting the upturn in: machine, tools and equipments (up by 22.9% - USD 299 million); plastics (up by 61.7%- USD 177 million); computer electrical product ( up by 6.9% - 164 million); base metals (up by 64.7%-USD 153 million); fabrics (up by 31 % - USD 105 millions)…;

Chart 2: Top 10 main imported commodities from January 1st to February 28th of 2021 over the same period of 2020

Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2021  	   	EnglishStatistics  	: Vietnam

Source: Vietnam Customs