Highlights
1. According to
trade statistics of Vietnam Customs, in November 2020, a 3.2% downwards in
total external merchandise turnover of Vietnam was recorded as compared to the
result of October 2020. Exports went down 7.4 %, to USD 25.24 billion and
imports increased 1.5%, to USD 24.69 billion in
terms of month-on- month basis. Vietnam’s trade balance in this month was still
in surplus of USD 546 million.
2. In the first 11 months of 2020,
Vietnam‘s trade-in-goods totaled US dollars 489.88 billion in value terms, 3.6%
above the corresponding period of last year. As compared to result of a year
earlier, total merchandise exports value rose 5.5%, to US dollars 254.97 billion
and the total merchandise imports value increased 1.7% to US dollars 234.91 billion.
Accordingly, Vietnam’s trade balance in the first 11 months of 2020 was in the surplus
of US dollars 20.06 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 333.46 billion
in total for the January-November period of 2020, up by 9.5 % on year-on-year
basis. Total value of FDI exportation was USD 182.44 billion, increased by 8.6%.
On import side, the total value of those companies was USD 151.02 billion, up
by 10.6%.
Main
Exports and Imports
4. The October of 2020 to November of 2020
decrease in total merchandise exports was due to the downwards in telephones,
mobile phones and parts thereof (down by USD 996 million); computers,
electrical products, spare-parts and components thereof (down by USD 399 million);
textiles and garments (down by USD 320 million);...
5. On a
year-on-year basis, exports was up USD 13.23 billion, to USD 254.97 billion.
The main products, which contributed to the increase, were computers,
electrical products, spare-parts and components thereof (up by USD 7.89
billion); machine, equipments, tools and instruments (up by USD 7.49 billion); wood
and wooden products (up by USD 1.49 billion);…
6. The
October of 2020 to November of 2020 increase in total merchandise imports was
due to the upwards of the commodities as follows: iron and steels (up by USD
103 million); computers, electrical products, spare-parts and components
thereof (up by USD 100 million); machine, equipments, tools and instruments (up
by USD 91 million); …
7. On a year-on-year basis, imports went up
USD 3.93 billion, to USD 234.91 billion. The increase in imports was mainly contributed
by the upturns of the following products: computers, electrical products,
spare-parts and components thereof (up by USD 10.54 billion); telephones,
mobile phones and parts thereof (up by USD 1.2 billion); plastic products (up
by USD 606 million); …
Trading
Partners
8. In the 11 months of 2020, Vietnamese
merchandise trade with trading partners in Asia was totaled USD 315.84 billion
in value terms, which moved up 2.2% as compared to the same period of 2019. Trade-in-goods
of Vietnam with America was followed, which reached USD 91.24 billion and increased
by 15.4%. The values of other continents were Europe: USD 57.92 billion, down
by 4.4%; Oceania: USD 8.8 billion, down by 0.2% and Africa: USD 6.2 billion, down
by 5.5% in comparison with the same period of last year.
9.
For
January-November period of 2020, 4 exporting markets of Vietnam with turnover
of over USD 17 billion were: The United States of America (reached USD 69.4
billion); China (reached USD 43.2 billion); Japan (reached USD 17.5 billion)
and Republic of Korea (reached USD 17.4 billion).
10. On import side, four
partners exporting goods to Vietnam with turnover of over 15 billion were as
follows: China (reached USD 74.7 billion); Republic of Korea (reached USD 41.8
billion); Japan (reached USD 18.4 billion); Taiwan (reached USD 15.1 billion).
