Preliminary assessment of Vietnam international merchandise trade performance in the first half of December, 2020

​Vietnam‘s trade-in-goods from January to the first half of December of 2020 totaled US dollars 515.27 billion in value terms. It posted a increase of 4.5% (equivalent to USD 22.05 billion) from the same period of previous year. In which, the total merchandise exports value was up by 6.1% to nearly US dollars 267.22 billion and the total merchandise imports value was up slightly 2.7%, to US dollars 248.04 billion.

In the view of FDI traders, the value of exportation in the first half of December reached USD 9.08 billion, down by 9.1% and the value of importation reached 8.37 billion, up by 2.4% as compared to the second half of November 2020. Therefore, from January to December 15th of 2020, the total value of FDI merchandise trade went up by 10.5% to US dollar 350.9 billion.

Export:

When compared with the second half of November-2020, export of first half of December decreased by 8.3%, mostly as a result of the downturn registered in telephones, mobile phones and part thereofs (down by 9% - USD 188 million); machine, tools and equipments ( down by 10.1% - 150 milion);iron and steels (down by 32.7% - USD 103 million);…

Chart 1: Top 10 main exported commodities from Jan. to December 15th 2020 over the same period of 2019.

Sources: Vietnam Customs​

Import:

In the first half of December 2020, import increased by 3.6 % when compared with the second half of November, mainly reflecting the upnturn in machine, tools and equipments (up by 10.6% - USD 185 millions); other means of transportation, parts and accessories thereof (up by 111.5% - USD 62 million);

Chart 2: Top 10 main imported commodities from Jan. to December 15th 2020 over the same period of 2019

Sources: Vietnam Customs​