Import and export decreased by more than US$9 billion in the first half of February

	Many export orders at the beginning of the year
	Firms busy with the first shipments of the Lunar New year
	Vietnamese specialties are ready to enter the world's leading markets

Correlation of export and import turnover between FDI enterprises and domestic enterprises from the beginning of the year to February 15, unit "US$ billion". Chart: T.Binh

With the above results, the total import and export value of the whole country by the end of February 15 reached US$74.15 billion, up 31.1%, equivalent to an increase of US$17.58 billion over the same period in 2020.

In which, the total import and export value of foreign direct investment (FDI) enterprises reached US$53.03 billion, up 39.6% (corresponding to an increase of US$15.05 billion); import and export value of domestic enterprises is US$21.13 billion, up 13.6% (equivalent to an increase of US$2.53 billion) over the same period in 2020.

In the first period of February, the balance of trade in goods was in surplus of US$695 million and accumulated from the beginning of the year, a surplus of US$2.76 billion.

In the first period of February, due to the Tet holiday, the export turnover dropped sharply to only US$9.94 billion, down 36.1% (equivalent to a decrease of US$5.63 billion) compared to the second period of January 2021.

A number of commodity groups fell sharply such as: phones and spare parts by US$1.5 billion, down 46.3%; equipment, tools and spare parts decreased by US$665 million, respectively by 37%; computers, electronic products and components down US$581 million, 26.6% respectively; textiles and garments decreased US$ 318 million, corresponding to a decrease of 22.3%.

Statistics of the General Department of Vietnam Customs show that the export value of FDI enterprises in the first period of February reached US$7.51 billion, down 35.7%, equivalent to a decrease of US$4.17 billion compared to the second period of January.

By the end of February 15, 2021, the total export value of this group of enterprises reached more than US$29 billion, up 46.5%, equivalent to an increase of US$9.23 billion over the same period last year, accounting for 75.6% of the total export value of the country.

Similar to exports, import activities in the first half of the month also fell sharply with only US$9.24 billion, down 30% (equivalent to a decrease of US$3.96 billion) compared to the results in the second half of January 2021.

The groups of goods that fell sharply included machinery, equipment, tools and spare parts with a decrease of US$565 million, corresponding to a decrease of 30.2%; computers, electronic products and components decreased US$545 million, 18.6% respectively; phones and spare parts by US$373 million, down by 38% respectively.

Thus, by the end of February 15, 2021, the total import value of the country reached US$35.7 billion, up 25.4% (equivalent to an increase of US$7.24 billion) over the same period in 2020.

A number of commodity groups increased over the same period last year such as computers, electronic products and components with an increase of US$1.48 billion, equivalent to an increase of 22.6%; phone and spare parts by US$1.29 billion, respectively up 79.8%; machinery, equipment, tools and other spare parts increased by US$1.09 billion, respectively by 26.5%.

The import value of goods of FDI enterprises in this period reached US$6.37 billion, down 26% (equivalent to a decrease of US$2.24 billion) compared to the second period of January 2021.

However, by the end of February 15, the total import value of this group of businesses reached US$23.96 billion, up 32.1% (equivalent to an increase of US$5.82 billion) over the same period in 2020, accounting for 67.1% of the total import value of the country.