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

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.

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.