Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2021

Vietnam‘s trade-in-goods in the first month of 2021 totaled US dollars 55 billion in value terms. It posted a increase of 48.2% (equivalent to USD 17.88 billion) from the same period of previous year. In which, the total merchandise exports value was up by 55.1% to US dollars 28.55 billion and the total merchandise imports value was up 41.3%, to US dollars 26.46 billion.

In the view of FDI traders, the value of exportation in the second half of January reached nearly USD 11.68 billion, up by 18.5% and the value of importation reached 8.61 billion, down by 3.2% as compared to the first half of January-2021. Therefore, in January of 2021, the total value of FDI merchandise trade went up by 60.1% to US dollar 39.16 billion.

Export:

When compared with the first half of January-2021, export of second half of January increased by 20.6%, mostly as a result of the upturn registered in computer electrical product ( up by 28.5% - 485 million); telephones, mobile phones and part thereofs (up by 13.1% - USD 375 million); machine, tools and equipments (up by 23.8% - USD 345 million); iron and steels (up by 138.1% - USD 255 million); …

Chart 1: Top 10 main exported commodities in January 2021 over the same period of 2020

Sources: Vietnam Customs

Import:

In the second half of January-2021, import increased by 0.4 % when compared with the first half of January-2021, mainly reflecting the upturn in computer electrical product ( up by 7.2% - 197 million); ores and mineral products (up by 86.2 % - USD 75 millions)…;

Chart 2: Top 10 main imported commodities in January 2021 over the same period of 2020

Sources: Vietnam Cu​stoms