Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2023
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 10 months of 2023 reached USD 383.95 billion, down by 10.5% in comparison to the same period of 2022.
Export:
As compared to the first half of October-2023, second half of the month increase in the total export value (27% - USD 3.83 billion equally) is reflected by upturn in machine, tools and equipments (up by 39.7% - USD 738 million equally); computer, electrical and part thereof (up by 32% - USD 704 million); footwear (up by 45.4% - USD 322 million); textiles and garments (up by 26.3% - USD 298 million)…
Totally, in the first 10 months of 2023 total export value from Vietnam was USD 291.46 billion, down by 7% as compared to the same period of 2022 (equivalent to USD 22.04 billion in absolute value terms).
Chart 1: Top 10 main exported commodities of second half of October 2023 as compared to the first half of October.
Import:
The first half to second half of October widen in the total of import value (28.5%) reflected upturn in computer, electrical and part thereof (up by 27.7% - USD 1.02 billion); machine, tools and equipments (up by 28.8% - USD 447 million equally); crude oil (up by 94.5% - USD 278 million); telephone, mobile phones and part thereof (up by 34.1% - USD 154 million equally).
From January to second half of October-2023, total import value into Vietnam was USD 266.87 billion, went down by 12.2% as compared to the same period of 2022 (equivalent to USD 37.07 billion in absolute value terms).
Chart 2: Top 10 main imported commodities of second half of October 2023 as compared to the first half of October.
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