Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2019

Vietnam Customs Statistics  6/03/2020 12:00 AM

The Vietnam Customs Statistics announced that in the second half of December, 2019 the total Vietnam’s exports of US dollars 12.51 billion and imports of nearly US dollars 11.94 billion resulted in a trade surplus of US dollars 0.57 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was US dollars 24.44 billion, up by 20.1% as compared to the first half of December-2019.  Furthermore, in 2019, Vietnam was in a trade surplus of USD 11.12 billion.

Vietnam‘s trade-in-goods in 2019 totaled US dollars 517.26 billion in value terms, climbed up by 7.6% as compared to the performance of the same period of last year.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in 2019 reached USD 323.84 billion, up by 3.2% in comparison to the same period of 2018.

Export:

As compared to the first half of December-2019, second half of the month increase in the total export value (24.8% - USD 2.48 billion equally) is reflected by an upturn in textiles and garments (up by 40.6% - USD 501 million equally); computer, electrical products (up by 17.7% - USD 289 million equally); foot wear (up by 26.5% - USD 207 million); machine, tools and equipments (up by 25% - USD 193 million equally); wood and wooden products (up by 32.9% - USD 157 million); telephones, mobile phones (up by 6.3% - USD 88 million equally); …

Totally, in 2019 total export value from Vietnam was USD 264.19 billion, climbed up 8.4% as compared to the same period of 2018 (equivalent to USD 20.49 billion in absolute value terms).

Chart 1: Top 10 main exported commodities in 2019 over 2018





Source: Vietnam Customs

 

Import:

The first half to the second half of December  went up in the total of import value (15.7%) reflected upturn in machine, tools and equipments (up by 23.1% - USD 374 million equally); computer, electrical products (up by 8.8% - USD 181 million equally); petroleum products (up by 46.5% - USD 106 million); chemicals (up by 39.3% - USD 74 million); fabrics (up by 12.3% - USD 67 million)…

In 2019, total import value into Vietnam was USD 253.07 billion, went up by 6.8%  as compared to the same period of 2018 (equivalent to USD 16.2 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of 2019 over 2018





Source: Vietnam Customs