Highlights
1. According to
trade statistics of Vietnam Customs, in December 2020, a 11.3% upwards in total
external merchandise turnover of Vietnam was recorded as compared to the result
of November 2020. Exports went up 9.6 %, to USD 27.65 billion and imports increased
13%, to USD 27.90 billion in terms of month-on-
month basis. As a result, there was a USD 252 million deficit in Vietnam’s
trade balance in this month.
2. In whole year 2020, Vietnam‘s
trade-in-goods totaled US dollars 545.36 billion in value terms, 5.4% above the
corresponding period of last year. As compared to result of a year earlier, total
merchandise exports value rose 7%, to US dollars 282.65 billion and the total
merchandise imports value increased 3.7% to US dollars 262.7 billion. Accordingly,
Vietnam’s trade balance in 2020 was in the surplus of US dollars 19.95 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 38.48 billion in total for December of 2020, up by 9.6 % on month-on-month
basis. FDI’s export value of USD 20.44 billion and FDI’s import value of USD
18.04 billion led to a trade surplus of USD 2.4 billion.
For Jan-December
period of 2020, trade-in-goods by FDI traders totaled US dollars 371.9 billion,
up by 11.8 % on year-on-year basis. Total value of FDI exportation was USD
202.89 billion, increased by 10.7%. On import side, the total value of those
companies was USD 169.01 billion, up by 13.1%. As a result, FDI’s trade balance
was in surplus of USD 33.87 billion.
Main
Exports and Imports
4. The November of 2020 to December of 2020
increase in total merchandise exports was due to the upwards in textiles and
garments (up by USD 589 million); computers, electrical products, spare-parts
and components thereof (up by USD 458 million); machine, equipments, tools and
instruments (up by USD 284 million);...
5. On a
year-on-year basis, exports was up USD 18.29 billion, to USD 282.65 billion.
The main products, which contributed to the increase, were machine, equipments,
tools and instruments (up by USD 8.89 billion); computers, electrical products,
spare-parts and components thereof (up by USD 8.66 billion); wood and wooden
products (up by USD 1.72 billion);…
6. The
November of 2020 to December of 2020 increase in total merchandise imports was
due to the upwards of the commodities as follows: machine, equipments, tools
and instruments (up by USD 714 million); plastics (up by USD 158 million);
petroleum products (up by USD 153 million);…
7. On a year-on-year basis, imports went up
USD 9.31 billion, to USD 262.7 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 12.63 billion); telephones,
mobile phones and parts thereof (up by USD 2.03 billion); plastic products (up
by USD 731 million); …
Trading
Partners
8. In whole year 2020, Vietnamese
merchandise trade with trading partners in Asia was totaled USD 352.97 billion
in value terms, which moved up 4.2% as compared to the same period of 2019. Trade-in-goods
of Vietnam with America was followed, which reached USD 112.02 billion and increased
by 16.2%. The values of other continents were Europe: USD 63.85 billion, down
by 3.1%; Oceania: USD 9.79 billion, up by 2.4% and Africa: USD 6.72 billion, down
by 5% in comparison with the same period of last year.
9.
For
January-December period of 2020, 4 exporting markets of Vietnam with turnover
of over USD 19 billion were: The United States of America (reached USD 77.1
billion); China (reached USD 48.9 billion); Japan (reached USD 19.3 billion)
and Republic of Korea (reached USD 19.1 billion).
10. On import side, four
partners exporting goods to Vietnam with turnover of over 16 billion were as
follows: China (reached USD 84.2 billion); Republic of Korea (reached USD 46.9
billion); Japan (reached USD 20.3 billion); Taiwan (reached USD 16.7 billion).
