Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2021

2. In the first 4 months of 2021, Vietnam‘s trade-in-goods totaled US dollars 208.25 billion in value terms, 30.7% above the corresponding period of last year. As compared to result of a year earlier, total merchandise exports value rose 29.6%, to US dollars 104.94 billion and the total merchandise imports value increased 31.8% to US dollars 103.31 billion. Accordingly, Vietnam’s trade balance for January-April period of 2021 was in the surplus of US dollars 1.63 billion.

3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 37.29 billion in total for April of 2021, down by 7 % on month-on-month basis. FDI’s export value of USD 19.41 billion and FDI’s import value of USD 17.88 billion led to a trade surplus of USD 1.52 billion.

For January-April period of 2021, trade-in-goods by FDI traders totaled US dollars 145.97 billion, up by 34.8 % on year-on-year basis. Total value of FDI exportation was USD 78.35 billion, increased by 35.3%. On import side, the total value of those companies was USD 67.61 billion, up by 34.2%. As a result, FDI’s trade balance was in surplus of USD 10.74 billion.

Main Exports and Imports

4. The March of 2021 to April of 2021 decrease in total merchandise exports was due to the downwards in computers, electrical products, spare-parts and components thereof (down by USD 787 million); telephones, mobile phones and parts thereof (down by USD 781 million); machine, equipments, tools and instruments (down by USD 435 million);...

On a year-on-year basis, exports was up USD 23.94 billion, to USD 104.94 billion. The main products, which contributed to the increase, were machine, equipments, tools and instruments (up by USD 5.39 billion); computers, electrical products, spare-parts and components thereof (up by USD 3.72 billion); telephones, mobile phones and parts thereof (up by USD 2.81 billion);…

5. Trade statistics of Vietnam Customs shows that 4 biggest commodity groups in the first 4 months of 2021 were: telephones, mobile phones and parts thereof; computers, electrical products, spare-parts and components thereof; machine, equipments, tools and instruments; textiles and garments.

Telephones, mobile phones and parts thereof reached USD 18.19 billion in export value and was up by USD 18.2% on year-on-year basis. The biggest trading partners of Vietnam importing this commodity were China (up by 45% on year-on-year basis, to USD 3.96 billion); the United States (up by 6% on year-on-year basis, to USD 3.17 billion) and EU (27) (down by 13.8% on year-on-year basis, to USD 2.44 billion).

Computers, electrical products, spare-parts and components thereof reached USD 15.85 billion in export value; went up 30.7% on year-on-year basis. The biggest trading partners of Vietnam importing this commodity were the United States (up by 46.9% on year-on-year basis, to USD 3.92 billion); China (down by 3.7% on year-on-year basis, to USD 3.28 billion); EU (27) (up by 47.2% on year-on-year basis, to USD 2.18 billion);…

Machine, equipments, tools and instruments reached USD 12.17 billion in export value; went up by 79.4% on year-on-year basis. The biggest trading partners of Vietnam importing this commodity were the United States (up by 157% on year-on-year basis, to USD 5.71 billion); EU (27) (up by 76.5% on year-on-year basis, to USD 1.61 billion); Japan (up by 30.5% on year-on-year basis, to USD 856 million);…

Textiles and garments reached USD 9.66 billion in export value ; went up by 10.7% on year-on-year basis. The biggest trading partners of Vietnam importing this commodity were the United States (up by 18.7% on year-on-year basis, to USD 4.7 billion); Japan (down by 9.8% on year-on-year basis, to USD 1.07 billion); EU (27) (up by 12.8% on year-on-year basis, to USD 942 million);…

6. The March of 2021 to April of 2021 decrease in total merchandise imports was due to the downwards of the commodities as follows: computers, electrical products, spare-parts and components thereof (down by USD 279 million); other base metals (down by USD 120 million); plastics (down by USD 112 million);…

On a year-on-year basis, imports went up USD 24.92 billion, to USD 103.31 billion. The growth in imports was mainly contributed by the upturns of the following products: computers, electrical products, spare-parts and components thereof (up by USD 4.56 billion); machine, equipments, tools and instruments (up by USD 3.51 billion); telephones, mobile phones and parts thereof (up by USD 1.98 billion); …

7. Trade statistics of Vietnam Customs shows that 4 biggest commodity groups in the first 4 months of 2021 were: computers, electrical products, spare-parts and components thereof; machine, equipments, tools and instruments; textile, leather and foot- wears materials and auxiliaries group; telephones, mobile phones and parts thereof.

Computers, electrical products, spare-parts and components thereof reached USD 22.23 billion in import value ; went up by 25.8% on year-on-year basis. The biggest trading partners of Vietnam, from which this commodity was originated, were China (up by 61% on year-on-year basis, to USD 6.30 billion); Republic of Korea (up by 6% on year-on-year basis, to USD 5.84 billion);…

Machine, equipments, tools and instruments reached USD 14.75 billion in import value; went up 31.2% on year-on-year basis. The biggest trading partners of Vietnam, from which this commodity was originated, were the China (up by 65% on year-on-year basis, to USD 7.46 billion); Republic of Korea (up by 15.2% on year-on-year basis, to USD 2.29 billion); Japan (down by 6.9% on year-on-year basis, to USD 1.47 billion);…

Textile, leather and foot- wears materials and auxiliaries group reached USD 8.39 billion in import value ; was up by 22% on year-on-year basis. The biggest trading partners of Vietnam, from which this commodity was originated, were China (up by 34% on year-on-year basis, to USD 4.19 billion) ; Taiwan (China) (up by 4.6% on year-on-year basis, to USD 840 million); Republic of Korea (up by 13.9% on year-on-year basis, to USD 780 million); …

Telephones, mobile phones and parts thereof reached USD 6.16 billion in import value ; was up by 47.4% on year-on-year basis. The biggest trading partners of Vietnam, from which this commodity was originated, were China (up by 49.7% on year-on-year basis, to USD 2.97 billion) and Republic of Korea (up by 36.4% on year-on-year basis, to USD 2.58 billion)...

Trading Partners

8. In the first 4 months of 2021, Vietnamese merchandise trade with trading partners in Asia was totaled USD 135.05 billion in value terms, which moved up 29.8% as compared to the same period of 2020. Trade-in-goods of Vietnam with America was followed, which reached USD 43.21 billion and increased by 39.5%. The values of other continents were Europe: USD 23.42 billion, up by 20.6%; Oceania: USD 4.2 billion, up by 32.6% and Africa: USD 2.38 billion, up by 33.4% in comparison with the same period of 2020.

9. For Jan-April period of 2021, 4 exporting markets of Vietnam with turnover of over USD 6 billion were: The United States of America (reached USD 29.93 billion); China (reached USD 16.26 billion); Republic of Korea (reached USD 7.06 billion) and Japan (reached USD 6.61 billion).

10. On import side, four partners exporting goods to Vietnam with turnover of over 6 billion were as follows: China (reached USD 33.93 billion); Republic of Korea (reached USD 16.64 billion); Japan (reached USD 7.08 billion); Taiwan (reached USD 6.7 billion).