Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2021

Vietnam Customs Statistics  6/08/2021 9:00 AM

The Vietnam Customs Statistics announced that in the first half (01-15/6/2021) of  June-2021, Vietnam’s total exports of  US dollars 12.3 billion and imports  of  US dollars 13.65 billion resulted in a trade deficit of nearly US dollars 1.35 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 25.95 billion, down by 9.5% as compared to the second half of May-2021.

Vietnam‘s trade-in-goods from January to the first half of June of 2021 totaled US dollars 288.68 billion in value terms. It posted an increase of 33% (equivalent to USD 71.55 billion) from the same period of previous year. In which, the total merchandise exports value was up 29.7% to nearly US dollars 143.36 billion and the total merchandise imports value was up 36.4%, to US dollars 145.32 billion.

In the view of FDI traders, the value of exportation and importation from January to the first half of June of 2021 reached USD 200.18 billion, up by 37.2% as compared to the same period of last year.

Export:

When compared with the second half of May-2021, export of first half of June decreased by 13.9%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 42.9% - USD 794 million); machine, tools and equipments (down by 19% - USD 259 millions); irons and steels (down by 33.4% - USD 176 million)…

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to June 15th 2021 as compared to the same period of 2020.




 

Import:

In the first half of June 2021, import decreased by 5.3% when compared with the second half of May, mainly reflecting the downturn in computers, electrical products (down by 5.3% - USD 154 million equally); crude oil  (up by 47.8% - USD 125 millions)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to June 15th 2021 as compared to the same period of 2020.