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

17:42 | 31/10/2021

The Vietnam Customs Statistics announced that in the second half of July, 2021 the total Vietnam’s exports of US dollars 15 billion and imports of nearly US dollars 14.4 billion resulted in a trade surplus of US dollars 589 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of July was over US dollars 29.42 billion, up by 7.4% as compared to the first half of July-2021. Furthermore, in the first 7 months of 2021, Vietnam was in trade deficit of USD 2.41 billion.

Vietnam‘s trade-in-goods in the first 7 months of 2021 totaled US dollars 375.12 billion in value terms, up by 30.9% 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 7 months of 2021 reached USD 259.02 billion, up by 34.7% in comparison to the same period of 2020.

Export:

As compared to the first half of July-2021, second half of the month increase in the total export value (17.4% - USD 2.22 billion equally) is reflected by upturn in telephone, mobile phones and part thereof (up by 94% - USD 1.51 billion); computer, electrical products (up by 38.2% - USD 592 million equally); machine tools and equipments (up by 25.1% - USD 322 millions); …

Totally, in the first 7 months of 2021 total export value from Vietnam was USD 186.35billion, up by 26.2% as compared to the same period of 2020 (equivalent to USD 38.68 billion in absolute value terms).

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

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

Import:

The first half to second half of July shrunk in the total of import value (1.3%) reflected downturn in fabrics (down by 26.5% - USD 189 million); irons and steels (down by 23.2% - USD 132 million equally); other base metal (down by 24.6% _ USD 101 million equally)…

From January to second half of July-2021, total import value into Vietnam was USD 188.76 billion, went up by 35.8% as compared to the same period of 2020 (equivalent to USD 49.78 billion in absolute value terms).

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

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

Source: Vietnam Customs