Preliminary assessment of Vietnam international merchandise trade performance in the second half of June, 2022

Vietnam‘s trade-in-goods in the first 6 months of 2022 totaled US dollars 371.32 billion in value terms, up by 16.4% 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 6 months of 2022 reached USD 255.82 billion, up by 16% in comparison to the same period of 2021.

Export:

As compared to the first half of June-2022, second half of the month increase in the total export value (17.5% - USD 2.65 billion equally) is reflected by upturn in computer, electrical and part thereof (up by 44.2% - USD 941 million); telephone mobile phones and parts thereof (up by 37.9% - USD 699 millions); machine, tools and equipments (up by 11.4% - USD 216 million equally); textile and garments (up by 11.6% - USD 196 million); foor-wear (up by 14.1% - USD 156 million)…

Totally, in the first 6 months of 2022 total export value from Vietnam was USD 186.03 billion, up by 17.3% as compared to the same period of 2021 (equivalent to USD 27.46 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of second half of June 2022 as compared to the first half of June.

Import:

The first half to second half of June shrunk in the total of import value (5.6%) reflected downturn in crude oil (down by 49.6% - USD 232 million); coal (down by 19.1% - USD 121 million); plastics (down by 13.8% - USD 81 million).

From January to second half of June-2022, total import value into Vietnam was USD 185.29 billion, went up by 15.5% as compared to the same period of 2021 (equivalent to USD 24.86 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of second half of June 2022 as compared to the first half of June.