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

Furthermore, in the first 5 months of 2022, Vietnam was in trade surplus of USD 446 million.

Vietnam‘s trade-in-goods in the first 5 months of 2022 totaled US dollars 306.16 billion in value terms, up by 16% 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 2022 reached USD 211.43 billion, up by 15.2% in comparison to the same period of 2021.

Export:

As compared to the first half of May-2022, second half of the month increase in the total export value (40.9% - USD 5.23 billion equally) is reflected by upturn in computer, electrical and part thereof (up by 68% - USD 1.23 billion); machine, tools and equipments (up by 42.2% - USD 628 million equally); textile and garments (up by 37.5% - USD 493 million); telephone mobile phones and parts thereof (up by 22.9% - USD 425 millions); foor-wear (up by 44.4% - USD 384 million)…

Totally, in the first 5 months of 2022 total export value from Vietnam was USD 153.3 billion, up by 16.7% as compared to the same period of 2021 (equivalent to USD 21.9 billion in absolute value terms).

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

Import:

The first half to second half of May widen in the total of import value (10.5%) reflected upturn in computer, electrical and part thereof (up by 10.6% - USD 349 million); machine, tools and equipments (up by 14.3% - USD 167 million equally); base metal (up by 42.3% - USD 167 million equally); chemical (up by 34.6% - USD 134 million).

From January to second half of May-2022, total import value into Vietnam was USD 152.86 billion, went up by 15.3% as compared to the same period of 2021 (equivalent to USD 20.26 billion in absolute value terms).

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

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