Preliminary assessment of Vietnam international merchandise trade performance in the second half of May, 2020

Furthermore, in the first 5 months of 2020, Vietnam was in trade surplus of USD 3.54 billion.

Vietnam‘s trade-in-goods in the first 5 months of 2020 totaled US dollars 196.89 billion in value terms, down by 2.8% 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 5 months of 2020 reached USD 120.17 billion, down by 6.2% in comparison to the same period of 2019.

Export:

As compared to the first half of May-2020, second half of the month increase in the total export value (33.2% - USD 2.73 billion equally) is reflected by upturn in telephones, mobile phones and part thereof (up by 86.6% - USD 886 million equally); computer, electrical products (up by 29.6% - USD 437 million equally); textile and garments (up by 25.4% - USD 210 million); machine, tools and equipments (up by 27.8% - USD 209 million equally); foot-wear (up by 22.9% - USD 135 million equally); wood and wooden products (up by 36.8% - USD 120 million)…

Totally, in the first 5 months of 2020 total export value from Vietnam was USD 100.21 billion, slightly down by 0.9% as compared to the same period of 2019 (equivalent to USD 0.91 billion in absolute value terms).

Import:

The first half to second half of May shrunk in the total of import value (2.2%) reflected downturn in machine, equipment tools and instruments (down by 20% - USD 286 million equally); irons and steels (down by 27.9% - USD 102 million equally); chemical products (down by 22.8% - USD 50 million equally)…

From January to second half of May-2020, total import value into Vietnam was USD 96.67 billion, went down by 4.6% as compared to the same period of 2019 (equivalent to USD 4.71 billion in absolute value terms).

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